[weberlin]

Thanks for posting the link, a very informative presentation. I’m surprised nobody’s chimed in yet.

Question: Slide 19 claims there are $4 Trillion in excess mortgages. Is he saying that $4 Trillion dollars of debt in the mortgage market has no corresponding asset in the real world? In other words, due to shrinking real estate prices, housing collateral is $4 Trillion short of outstanding mortgage debt.

Slide 22 is interesting, too. 12 years to absorb the current excess inventory means housing prices are going to flounder for a long time. But I think we all kind of new that already.

[weberlin]

Thanks for posting the link, a very informative presentation. I’m surprised nobody’s chimed in yet.

Question: Slide 19 claims there are $4 Trillion in excess mortgages. Is he saying that $4 Trillion dollars of debt in the mortgage market has no corresponding asset in the real world? In other words, due to shrinking real estate prices, housing collateral is $4 Trillion short of outstanding mortgage debt.

Slide 22 is interesting, too. 12 years to absorb the current excess inventory means housing prices are going to flounder for a long time. But I think we all kind of new that already.

[weberlin]

Thanks for posting the link, a very informative presentation. I’m surprised nobody’s chimed in yet.

Question: Slide 19 claims there are $4 Trillion in excess mortgages. Is he saying that $4 Trillion dollars of debt in the mortgage market has no corresponding asset in the real world? In other words, due to shrinking real estate prices, housing collateral is $4 Trillion short of outstanding mortgage debt.

Slide 22 is interesting, too. 12 years to absorb the current excess inventory means housing prices are going to flounder for a long time. But I think we all kind of new that already.

[weberlin]

Thanks for posting the link, a very informative presentation. I’m surprised nobody’s chimed in yet.

Question: Slide 19 claims there are $4 Trillion in excess mortgages. Is he saying that $4 Trillion dollars of debt in the mortgage market has no corresponding asset in the real world? In other words, due to shrinking real estate prices, housing collateral is $4 Trillion short of outstanding mortgage debt.

Slide 22 is interesting, too. 12 years to absorb the current excess inventory means housing prices are going to flounder for a long time. But I think we all kind of new that already.

[weberlin]

Thanks for posting the link, a very informative presentation. I’m surprised nobody’s chimed in yet.

Question: Slide 19 claims there are $4 Trillion in excess mortgages. Is he saying that $4 Trillion dollars of debt in the mortgage market has no corresponding asset in the real world? In other words, due to shrinking real estate prices, housing collateral is $4 Trillion short of outstanding mortgage debt.

Slide 22 is interesting, too. 12 years to absorb the current excess inventory means housing prices are going to flounder for a long time. But I think we all kind of new that already.

[weberlin]

“My bad”

Even though I use it regularly, I despise this phrase. ‘Bad’ is a frickin’ adjective. People should say ‘My mistake’.

As a matter of fact, from this moment forward I vow to never use that phrase again.

[weberlin]

“My bad”

Even though I use it regularly, I despise this phrase. ‘Bad’ is a frickin’ adjective. People should say ‘My mistake’.

As a matter of fact, from this moment forward I vow to never use that phrase again.

[weberlin]

“My bad”

Even though I use it regularly, I despise this phrase. ‘Bad’ is a frickin’ adjective. People should say ‘My mistake’.

As a matter of fact, from this moment forward I vow to never use that phrase again.

[weberlin]

“My bad”

Even though I use it regularly, I despise this phrase. ‘Bad’ is a frickin’ adjective. People should say ‘My mistake’.

As a matter of fact, from this moment forward I vow to never use that phrase again.

[weberlin]

“My bad”

Even though I use it regularly, I despise this phrase. ‘Bad’ is a frickin’ adjective. People should say ‘My mistake’.

As a matter of fact, from this moment forward I vow to never use that phrase again.

[weberlin]

Get a helmet for you dog.

On a more serious note, rbjack makes a good point. No home alarm/protection system is perfect. IMO dog’s are better than alarm systems.

If a burglar comes prepared to mace/neutralize your dog, you should probably be more careful discussing the valuables in your home.

[weberlin]

Get a helmet for you dog.

On a more serious note, rbjack makes a good point. No home alarm/protection system is perfect. IMO dog’s are better than alarm systems.

If a burglar comes prepared to mace/neutralize your dog, you should probably be more careful discussing the valuables in your home.

[weberlin]

Get a helmet for you dog.

On a more serious note, rbjack makes a good point. No home alarm/protection system is perfect. IMO dog’s are better than alarm systems.

If a burglar comes prepared to mace/neutralize your dog, you should probably be more careful discussing the valuables in your home.

[weberlin]

Get a helmet for you dog.

On a more serious note, rbjack makes a good point. No home alarm/protection system is perfect. IMO dog’s are better than alarm systems.

If a burglar comes prepared to mace/neutralize your dog, you should probably be more careful discussing the valuables in your home.

[weberlin]

Get a helmet for you dog.

On a more serious note, rbjack makes a good point. No home alarm/protection system is perfect. IMO dog’s are better than alarm systems.

If a burglar comes prepared to mace/neutralize your dog, you should probably be more careful discussing the valuables in your home.

[Author]

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