[ucodegen]

My mind keeps flip flopping… while yesterday I was thinking flatness or even some sort of perhaps rally or only small declines in the nicer areas, now I am not so sure.

My mind has stayed fairly constant on further downwards movements.. with periodic “AW CRAP” feelings as I glance ‘over the edge of the precipice’. I think we may have a mini-rally in RE beginning 2009 (also depending who wins the election) with a serious slide starting end 2009 or starting 2010.

I think the more I think about it, the more I am not sure of anything except that this will run longer then I was initially thinking/hoping for the nicer neighborhoods.

I am of the same opinion. In addition, all of the feds movements seem to be delaying the day of reckoning.. while potentially making the actual day of reckoning far worse. I am hoping to find a way to protect my cash assets (and make them grow) during this period. The Fed’s movements have made it hard to predict what is going to happen. If I plan/guess right, I may be able to purchase with cash and have a real nice nest egg to boot.

I was so hoping to have bought a house by now.. but I am not going to commit financial suicide to pick up an albatross.

[ucodegen]

My mind keeps flip flopping… while yesterday I was thinking flatness or even some sort of perhaps rally or only small declines in the nicer areas, now I am not so sure.

My mind has stayed fairly constant on further downwards movements.. with periodic “AW CRAP” feelings as I glance ‘over the edge of the precipice’. I think we may have a mini-rally in RE beginning 2009 (also depending who wins the election) with a serious slide starting end 2009 or starting 2010.

I think the more I think about it, the more I am not sure of anything except that this will run longer then I was initially thinking/hoping for the nicer neighborhoods.

I am of the same opinion. In addition, all of the feds movements seem to be delaying the day of reckoning.. while potentially making the actual day of reckoning far worse. I am hoping to find a way to protect my cash assets (and make them grow) during this period. The Fed’s movements have made it hard to predict what is going to happen. If I plan/guess right, I may be able to purchase with cash and have a real nice nest egg to boot.

I was so hoping to have bought a house by now.. but I am not going to commit financial suicide to pick up an albatross.

[ucodegen]

My mind keeps flip flopping… while yesterday I was thinking flatness or even some sort of perhaps rally or only small declines in the nicer areas, now I am not so sure.

My mind has stayed fairly constant on further downwards movements.. with periodic “AW CRAP” feelings as I glance ‘over the edge of the precipice’. I think we may have a mini-rally in RE beginning 2009 (also depending who wins the election) with a serious slide starting end 2009 or starting 2010.

I think the more I think about it, the more I am not sure of anything except that this will run longer then I was initially thinking/hoping for the nicer neighborhoods.

I am of the same opinion. In addition, all of the feds movements seem to be delaying the day of reckoning.. while potentially making the actual day of reckoning far worse. I am hoping to find a way to protect my cash assets (and make them grow) during this period. The Fed’s movements have made it hard to predict what is going to happen. If I plan/guess right, I may be able to purchase with cash and have a real nice nest egg to boot.

I was so hoping to have bought a house by now.. but I am not going to commit financial suicide to pick up an albatross.

[ucodegen]

This may create some flames, but my opinion is that Hillary wants to win the election primarily for herself, not for the people of the United States. It is a very important ‘goal’ for herself. The problem is that it has blinded her to the fact that ‘the people matter’. I feel she wants to win so bad that she will literally sell her soul to get the win, and that is something that really scares me about her.

And if you don’t believe me, please explain why the thought of losing makes her so emotional.

http://www.huffingtonpost.com/huff-wires/20080107/emotional-clinton/

She pawns it off on wanting the best for the people but you look at some of her attacks, including on Obama and you have to wonder. Dirty politics does not bring good things to the American people.

[ucodegen]

This may create some flames, but my opinion is that Hillary wants to win the election primarily for herself, not for the people of the United States. It is a very important ‘goal’ for herself. The problem is that it has blinded her to the fact that ‘the people matter’. I feel she wants to win so bad that she will literally sell her soul to get the win, and that is something that really scares me about her.

And if you don’t believe me, please explain why the thought of losing makes her so emotional.

http://www.huffingtonpost.com/huff-wires/20080107/emotional-clinton/

She pawns it off on wanting the best for the people but you look at some of her attacks, including on Obama and you have to wonder. Dirty politics does not bring good things to the American people.

[ucodegen]

This may create some flames, but my opinion is that Hillary wants to win the election primarily for herself, not for the people of the United States. It is a very important ‘goal’ for herself. The problem is that it has blinded her to the fact that ‘the people matter’. I feel she wants to win so bad that she will literally sell her soul to get the win, and that is something that really scares me about her.

And if you don’t believe me, please explain why the thought of losing makes her so emotional.

http://www.huffingtonpost.com/huff-wires/20080107/emotional-clinton/

She pawns it off on wanting the best for the people but you look at some of her attacks, including on Obama and you have to wonder. Dirty politics does not bring good things to the American people.

[ucodegen]

This may create some flames, but my opinion is that Hillary wants to win the election primarily for herself, not for the people of the United States. It is a very important ‘goal’ for herself. The problem is that it has blinded her to the fact that ‘the people matter’. I feel she wants to win so bad that she will literally sell her soul to get the win, and that is something that really scares me about her.

And if you don’t believe me, please explain why the thought of losing makes her so emotional.

http://www.huffingtonpost.com/huff-wires/20080107/emotional-clinton/

She pawns it off on wanting the best for the people but you look at some of her attacks, including on Obama and you have to wonder. Dirty politics does not bring good things to the American people.

[ucodegen]

This may create some flames, but my opinion is that Hillary wants to win the election primarily for herself, not for the people of the United States. It is a very important ‘goal’ for herself. The problem is that it has blinded her to the fact that ‘the people matter’. I feel she wants to win so bad that she will literally sell her soul to get the win, and that is something that really scares me about her.

And if you don’t believe me, please explain why the thought of losing makes her so emotional.

http://www.huffingtonpost.com/huff-wires/20080107/emotional-clinton/

She pawns it off on wanting the best for the people but you look at some of her attacks, including on Obama and you have to wonder. Dirty politics does not bring good things to the American people.

[ucodegen]

Also it should be worth noting that the sum of the ALT A and ARM totals is actually less then the sum of the Subprimes.

That may be true in terms of total loan value, but you have to remember that the Option-ARMs have had time to age. All during that time, most were piling on more to the principle while the underlying asset securing the loan has dropped in value. The sub-prime happened fairly early on with respect to the drop in house prices. With Option-ARMs and Alt-A’s, the resets are occurring with the underlying asset already down 10-30% depending upon market, and with the Option-ARM, the balance of the loan may have gone up 5 to 10%

The other thing I have noticed is that when comparing a January 2007 graph with the October 2007 graph, it almost looks like some loans were refi’d into Alt-A and Option-ARMs in the intervening period of time. (look at peak values between the two graphs)

[img_assist|nid=7673|title=MortgageResets.Suisse.20070100|desc=|link=node|align=left|width=466|height=364]

[ucodegen]

Also it should be worth noting that the sum of the ALT A and ARM totals is actually less then the sum of the Subprimes.

That may be true in terms of total loan value, but you have to remember that the Option-ARMs have had time to age. All during that time, most were piling on more to the principle while the underlying asset securing the loan has dropped in value. The sub-prime happened fairly early on with respect to the drop in house prices. With Option-ARMs and Alt-A’s, the resets are occurring with the underlying asset already down 10-30% depending upon market, and with the Option-ARM, the balance of the loan may have gone up 5 to 10%

The other thing I have noticed is that when comparing a January 2007 graph with the October 2007 graph, it almost looks like some loans were refi’d into Alt-A and Option-ARMs in the intervening period of time. (look at peak values between the two graphs)

[img_assist|nid=7673|title=MortgageResets.Suisse.20070100|desc=|link=node|align=left|width=466|height=364]

[ucodegen]

Also it should be worth noting that the sum of the ALT A and ARM totals is actually less then the sum of the Subprimes.

That may be true in terms of total loan value, but you have to remember that the Option-ARMs have had time to age. All during that time, most were piling on more to the principle while the underlying asset securing the loan has dropped in value. The sub-prime happened fairly early on with respect to the drop in house prices. With Option-ARMs and Alt-A’s, the resets are occurring with the underlying asset already down 10-30% depending upon market, and with the Option-ARM, the balance of the loan may have gone up 5 to 10%

The other thing I have noticed is that when comparing a January 2007 graph with the October 2007 graph, it almost looks like some loans were refi’d into Alt-A and Option-ARMs in the intervening period of time. (look at peak values between the two graphs)

[img_assist|nid=7673|title=MortgageResets.Suisse.20070100|desc=|link=node|align=left|width=466|height=364]

[ucodegen]

Also it should be worth noting that the sum of the ALT A and ARM totals is actually less then the sum of the Subprimes.

That may be true in terms of total loan value, but you have to remember that the Option-ARMs have had time to age. All during that time, most were piling on more to the principle while the underlying asset securing the loan has dropped in value. The sub-prime happened fairly early on with respect to the drop in house prices. With Option-ARMs and Alt-A’s, the resets are occurring with the underlying asset already down 10-30% depending upon market, and with the Option-ARM, the balance of the loan may have gone up 5 to 10%

The other thing I have noticed is that when comparing a January 2007 graph with the October 2007 graph, it almost looks like some loans were refi’d into Alt-A and Option-ARMs in the intervening period of time. (look at peak values between the two graphs)

[img_assist|nid=7673|title=MortgageResets.Suisse.20070100|desc=|link=node|align=left|width=466|height=364]

[ucodegen]

Also it should be worth noting that the sum of the ALT A and ARM totals is actually less then the sum of the Subprimes.

That may be true in terms of total loan value, but you have to remember that the Option-ARMs have had time to age. All during that time, most were piling on more to the principle while the underlying asset securing the loan has dropped in value. The sub-prime happened fairly early on with respect to the drop in house prices. With Option-ARMs and Alt-A’s, the resets are occurring with the underlying asset already down 10-30% depending upon market, and with the Option-ARM, the balance of the loan may have gone up 5 to 10%

The other thing I have noticed is that when comparing a January 2007 graph with the October 2007 graph, it almost looks like some loans were refi’d into Alt-A and Option-ARMs in the intervening period of time. (look at peak values between the two graphs)

[img_assist|nid=7673|title=MortgageResets.Suisse.20070100|desc=|link=node|align=left|width=466|height=364]

[ucodegen]

For those of you who have and are now bitter, why not let it go?
We’re not bitter. It is very simple. We know that the responsible tax payers are being lined up to shoulder this upcoming burden. This includes people on fixed income. All these stories of the ‘poor people’ are just trying to line everything up to make it seem acceptable. The only problem is that if people who are in dire straights now, don’t learn from their mistakes, it will only be repeated if they are bailed out.

I am tired of bailing out an overspending congress.. and now irresponsible speculators, homebuyers, high paid corporate investment directors and companies.

[ucodegen]

For those of you who have and are now bitter, why not let it go?
We’re not bitter. It is very simple. We know that the responsible tax payers are being lined up to shoulder this upcoming burden. This includes people on fixed income. All these stories of the ‘poor people’ are just trying to line everything up to make it seem acceptable. The only problem is that if people who are in dire straights now, don’t learn from their mistakes, it will only be repeated if they are bailed out.

I am tired of bailing out an overspending congress.. and now irresponsible speculators, homebuyers, high paid corporate investment directors and companies.

[Author]

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