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I think there is some overexaggerating going on here – the market is not efficient as we’d like it, but not nearly as bad as you guys are writing about. MBS or any ABSs for that matter are tied to assets. Those assets don’t just vanish – we’re not talking about worthless bonds that are issues – they are backed -hence their name. The value of those assets may decrease, but they do not go to 0 as a collective. If they go to 0, the world is ending and we all have a lot more to worry about. Homes do not just become worthless – the question as someone else pointed out is liquidity and speculation. There are always 2 sides to every market – you can bet its going to go up or down. And make money on both sides – its about picking correctly. CDSs are the same – someone is betting on the likelihood of default, or perhaps hedging their underlying position.

The institutional market will be just fine as whoever lost their pants in this subprime mess means another player also made a shitload of money. Goldman for instance made all those risky – yet very profitable and correct wagers.

The valuation question – its whatever people will pay. Debt gets pooled all the time and sold off – its not a newly created financial vehicle. From big companies who issue AAA rated bonds to little guys, or any type of debt you can think of – gets pooled. Are the pools difficult to evalute, yes, but is there a market price at the end of the day, yes. Its like complaining that Google at 600 is overpriced. Perhaps yes, but someone is willing to buy it at 600. That’s the beauty of the financial markets.

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I think there is some overexaggerating going on here – the market is not efficient as we’d like it, but not nearly as bad as you guys are writing about. MBS or any ABSs for that matter are tied to assets. Those assets don’t just vanish – we’re not talking about worthless bonds that are issues – they are backed -hence their name. The value of those assets may decrease, but they do not go to 0 as a collective. If they go to 0, the world is ending and we all have a lot more to worry about. Homes do not just become worthless – the question as someone else pointed out is liquidity and speculation. There are always 2 sides to every market – you can bet its going to go up or down. And make money on both sides – its about picking correctly. CDSs are the same – someone is betting on the likelihood of default, or perhaps hedging their underlying position.

The institutional market will be just fine as whoever lost their pants in this subprime mess means another player also made a shitload of money. Goldman for instance made all those risky – yet very profitable and correct wagers.

The valuation question – its whatever people will pay. Debt gets pooled all the time and sold off – its not a newly created financial vehicle. From big companies who issue AAA rated bonds to little guys, or any type of debt you can think of – gets pooled. Are the pools difficult to evalute, yes, but is there a market price at the end of the day, yes. Its like complaining that Google at 600 is overpriced. Perhaps yes, but someone is willing to buy it at 600. That’s the beauty of the financial markets.

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Split level homes

Also split levels homes are a definite NO! If you think about it logically, its a horrible flow for a home – practically with or without feng shui. It creates to much dissent, fracture, and lack of harmony in a home.

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Split level homes

Also split levels homes are a definite NO! If you think about it logically, its a horrible flow for a home – practically with or without feng shui. It creates to much dissent, fracture, and lack of harmony in a home.

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Yes to the stairwell – it should never face the front door. You should also not have an unobstructed view of the back door from the front door – again all good things will flow right through the home, out of the home. If you have a home office, or in your workplace, you should have your desk placed so that you are seated facing people walking in – you never want to turn your back on business.

Also, if you are a true believer in Feng Shui, you won’t have a pool in the backyard and you won’t be situated on a cliff. Water flowing in the back means missed opportunities. Not to mention bad luck. On a cliff – too much sun, lack of harmony, not to mention the likelihood your house might end up collapsing.

4 is also an unlucky number in many instances – not all – because of its close intonation to the word death. You’ll notice a lot of buildings in Asia skip the 4th floor much like we skip the 13th. Therefore you may want to look at your address and decide if the numbers are lucky or unlucky. 24 is particularly unlucky – meaning you will starve to death. 44 is also unlucky, but 48 is very good as is most numbers with an 8 in it. 8 rhymes with prosperity.

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Yes to the stairwell – it should never face the front door. You should also not have an unobstructed view of the back door from the front door – again all good things will flow right through the home, out of the home. If you have a home office, or in your workplace, you should have your desk placed so that you are seated facing people walking in – you never want to turn your back on business.

Also, if you are a true believer in Feng Shui, you won’t have a pool in the backyard and you won’t be situated on a cliff. Water flowing in the back means missed opportunities. Not to mention bad luck. On a cliff – too much sun, lack of harmony, not to mention the likelihood your house might end up collapsing.

4 is also an unlucky number in many instances – not all – because of its close intonation to the word death. You’ll notice a lot of buildings in Asia skip the 4th floor much like we skip the 13th. Therefore you may want to look at your address and decide if the numbers are lucky or unlucky. 24 is particularly unlucky – meaning you will starve to death. 44 is also unlucky, but 48 is very good as is most numbers with an 8 in it. 8 rhymes with prosperity.

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The back 9 is nicer than the front. Easy course – not a lot of trouble and very flat. Great for walking. Weekends you will of course have a tougher time getting on, but during the week, its not too bad to either walk on or call the day before. I’ve never waited more than 30 minutes for a two-some to walk on. If you’re a single, you can always walk on.

The greens right now are in the best condition I’ve seen it in a long time. Make sure to ask if there is a tournament – you will get frustrated with the slow play if you’re behind them and they always have tourneys

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The back 9 is nicer than the front. Easy course – not a lot of trouble and very flat. Great for walking. Weekends you will of course have a tougher time getting on, but during the week, its not too bad to either walk on or call the day before. I’ve never waited more than 30 minutes for a two-some to walk on. If you’re a single, you can always walk on.

The greens right now are in the best condition I’ve seen it in a long time. Make sure to ask if there is a tournament – you will get frustrated with the slow play if you’re behind them and they always have tourneys

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silly question -call and get a tee time, that simple. walk on. i’ve never paid to get a time at coronado

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silly question -call and get a tee time, that simple. walk on. i’ve never paid to get a time at coronado

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23109VC – it sounds like you’re asking for advice because 1, you’re trying to understand your options, but 2 as you aptly titled your post about people doing dirty /crooked things, at the end of the day, can you live with knowing you did something wrong? I’m surprised no one else has pointed out that you’re stealing if you dump your house while buying simultaneously into another – assuming you can still afford to make the payments on the one you’re in. Its not about whether you have a recourse loan or not, do you want to join all the people out there who cheat, lie, and steal? Banks unfortunately don’t just write off losses – they also look to recoup those losses by passing on costs to consumers. What choices others make to wipe away their debts, gets paid for by those of us who own up to our debts. Do you think its fair to pay for the mistakes of others? If you start slipping and making justifcations, where do you stop?

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23109VC – it sounds like you’re asking for advice because 1, you’re trying to understand your options, but 2 as you aptly titled your post about people doing dirty /crooked things, at the end of the day, can you live with knowing you did something wrong? I’m surprised no one else has pointed out that you’re stealing if you dump your house while buying simultaneously into another – assuming you can still afford to make the payments on the one you’re in. Its not about whether you have a recourse loan or not, do you want to join all the people out there who cheat, lie, and steal? Banks unfortunately don’t just write off losses – they also look to recoup those losses by passing on costs to consumers. What choices others make to wipe away their debts, gets paid for by those of us who own up to our debts. Do you think its fair to pay for the mistakes of others? If you start slipping and making justifcations, where do you stop?

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On the original post – as people have simply pointed out, there are cycles and we’re currently in a housing slump and there are no fundamental reasons or emotional reasons it will correct anytime soon. With inflation – income and prices increasing year after year, will it go back to what it was 10 /15 years ago? Probably not. But they will go back to realistic levels because as others also pointed out, the days of inprudent financing is over. Many of the economic drivers for the home prices didn’t exist during the boom – such as job and income growth in SD (stayed relatively flat to modest growth), population growth driving housing demand(negative growth amongst professionals), etc. Why did prices triple in some instances – speculation, overexuberance, firms creating ridiculous financing aka wacky financing as someone else called it and lending money clearly to individuals who didn’t qualify. if you want a realistic idea of what the pricing levels should be- look at the neighborhood you’re evaluating, the home values pre-boom, and then appreciate that home by 5-10% per year (take the average appreciation over the last 30-50 years), arriving at the year you’d like to buy.

The divorce discussion – I’m sorry to hear about the men who didn’t choose wisely. Don’t you men know that a third of woman nationally out-earn their husbands? Perhaps you should have chosen more wisely than blaming it on the woman. Didn’t you test drive the car before you bought it?I firmly believe you get what you chose – you chose someone who couldn’t contribute financially or didn’t want to, but met your wants in other ways – whether she is hot, fun, nurturing, loving, subservient, intelligent, undemanding, has child bearing hips, cooks & cleans – I hope she contributed something positive to your life or you would have really been insane to have married her. Its not anyones place to judge why you married her, but the point it, either know what you’re getting into and lie in the bed you made, but don’t get married and then bitch about the choice you made. You could have chosen someone who is more of an equal across the board.

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