westwest888's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/116441/comments http://seekingalpha.com/article/127658-why-treasury-doesnt-want-goldmans-money?source=feed#comment-438724 438724 Tue, 24 Mar 2009 16:35:21 -0400 http://seekingalpha.com/article/126000-luckiest-generation-in-history-young-americans?source=feed#comment-426603 426603
Simply put, there is not enough productive capacity in my generation to repay the debts boomers have taken against us. Hell, there isn't even enough productive capacity for us to pay back the credit card, auto and student loan debt we've taken out ourselves.

I am awaiting for a social pattern to emerge where boomer parents realize they only have 10% of what they need to retire, and cut off their twentysomething albatrosses. Reality is going to bite when they go out looking for work in the depression. If we're as smart as everyone thinks, maybe we'll invent the next internet whatever that may be.]]> Sun, 15 Mar 2009 13:08:26 -0400
Simply put, there is not enough productive capacity in my generation to repay the debts boomers have taken against us. Hell, there isn't even enough productive capacity for us to pay back the credit card, auto and student loan debt we've taken out ourselves.

I am awaiting for a social pattern to emerge where boomer parents realize they only have 10% of what they need to retire, and cut off their twentysomething albatrosses. Reality is going to bite when they go out looking for work in the depression. If we're as smart as everyone thinks, maybe we'll invent the next internet whatever that may be.]]> http://seekingalpha.com/article/100407-two-market-indicators-gold-and-baltic-dry-index?source=feed#comment-284362 284362
You should read Brad Setser at CFR before you post, bro.]]> Fri, 17 Oct 2008 08:48:42 -0400
You should read Brad Setser at CFR before you post, bro.]]> http://seekingalpha.com/article/99082-new-treasury-supply-did-it-already-cost-taxpayers-240-million-today?source=feed#comment-277215 277215 Wed, 08 Oct 2008 17:10:25 -0400 http://seekingalpha.com/article/99082-new-treasury-supply-did-it-already-cost-taxpayers-240-million-today?source=feed#comment-277137 277137 Wed, 08 Oct 2008 15:31:52 -0400 http://seekingalpha.com/article/92916-california-home-sales-43-year-over-year-increase?source=feed#comment-240167 240167 Wed, 27 Aug 2008 12:24:22 -0400 http://seekingalpha.com/article/92045-home-prices-have-stopped-falling-the-statistics-are-skewed?source=feed#comment-235870 235870
Home price year 0 = $400,000.
Home price year 5 = $400,000.

How much did the home appreciate?

Answer: It depreciated 26%. There was inflation.

In a more likely scenario it depreciates AND gets eaten by inflation. Hello 50% off.]]> Thu, 21 Aug 2008 15:39:38 -0400
Home price year 0 = $400,000.
Home price year 5 = $400,000.

How much did the home appreciate?

Answer: It depreciated 26%. There was inflation.

In a more likely scenario it depreciates AND gets eaten by inflation. Hello 50% off.]]> http://seekingalpha.com/article/92045-home-prices-have-stopped-falling-the-statistics-are-skewed?source=feed#comment-235863 235863
The "green zone" for house prices is a maximum of 3x income or 120x rent. By either measure in any top 20 US city, we'd still need to fall another 50% to be in the green zone. But that's not the bottom, that's just the MAXIMUM affordable, sustainable home price. The bottom in some cases is 1/4 current asking prices. As for REO inventory, you'd better hope private equity approaches these banks and buys 50,000 houses from them in bulk with financing. Like $0.50 on the dollar, $0.10 down, 80% financed. A call option. LOL. ]]> Thu, 21 Aug 2008 15:34:29 -0400
The "green zone" for house prices is a maximum of 3x income or 120x rent. By either measure in any top 20 US city, we'd still need to fall another 50% to be in the green zone. But that's not the bottom, that's just the MAXIMUM affordable, sustainable home price. The bottom in some cases is 1/4 current asking prices. As for REO inventory, you'd better hope private equity approaches these banks and buys 50,000 houses from them in bulk with financing. Like $0.50 on the dollar, $0.10 down, 80% financed. A call option. LOL. ]]> http://seekingalpha.com/article/91940-why-i-finally-bought-fannie-mae?source=feed#comment-235587 235587
Investing 101 - common stock is an option on the profits for the next 50 years, secondary to bond holders and preferred stock holders. And in this case, the US Treasury, Russia, China and Japan.]]> Thu, 21 Aug 2008 10:20:11 -0400
Investing 101 - common stock is an option on the profits for the next 50 years, secondary to bond holders and preferred stock holders. And in this case, the US Treasury, Russia, China and Japan.]]> http://seekingalpha.com/article/91794-how-low-before-housing-blows?source=feed#comment-235004 235004 Wed, 20 Aug 2008 14:25:55 -0400 http://seekingalpha.com/article/91809-what-s-driving-fannie-and-freddie?source=feed#comment-234966 234966 Wed, 20 Aug 2008 13:48:12 -0400 http://seekingalpha.com/article/90321-options-trader-monday-outlook?source=feed#comment-227858 227858 Mon, 11 Aug 2008 12:27:35 -0400 http://seekingalpha.com/article/90299-16-stocks-that-are-paying-my-college-tuition?source=feed#comment-227697 227697 Mon, 11 Aug 2008 10:03:41 -0400 http://seekingalpha.com/article/85770-are-short-sales-shorting-the-real-estate-market?source=feed#comment-209094 209094
8 or 9% interest would be great for young buyers (anyone under 30). You can refinance away interest; you can't refinance away $500,000 of principal on a 3br 1ba house. Let prices fall.]]> Fri, 18 Jul 2008 19:04:31 -0400
8 or 9% interest would be great for young buyers (anyone under 30). You can refinance away interest; you can't refinance away $500,000 of principal on a 3br 1ba house. Let prices fall.]]> http://seekingalpha.com/article/85703-why-it-s-time-to-invest-in-domestic-banks?source=feed#comment-208915 208915 Fri, 18 Jul 2008 14:34:13 -0400 http://seekingalpha.com/article/82827-busted-6-economic-myths?source=feed#comment-193438 193438 Thu, 26 Jun 2008 12:44:53 -0400 http://seekingalpha.com/article/79872-really-really-bad-news-about-oil?source=feed#comment-178493 178493 Tue, 03 Jun 2008 10:19:41 -0400 http://seekingalpha.com/article/71291-ten-comments-on-housing?source=feed#comment-146084 146084
Think about people born after 1978 who are unlikely to be current homeowners because they were in school and finding a spouse. These people are the foundation of buyers as the nation's housing stock increases in size. Until it is fiscally possible for 80% of them to buy with a legitimate mortgage product, the crisis has no end in sight. Even when they can buy, who's going to want to when the social mood is so sour? Real estate is going to be about a popular as YHOO in 2001. Contrarians will be buying real estate. Real people will run for the hills.

2015 is an optimistic time for 12 months of continuous year over year home price increases that outpace inflation.]]> Sun, 06 Apr 2008 17:26:01 -0400
Think about people born after 1978 who are unlikely to be current homeowners because they were in school and finding a spouse. These people are the foundation of buyers as the nation's housing stock increases in size. Until it is fiscally possible for 80% of them to buy with a legitimate mortgage product, the crisis has no end in sight. Even when they can buy, who's going to want to when the social mood is so sour? Real estate is going to be about a popular as YHOO in 2001. Contrarians will be buying real estate. Real people will run for the hills.

2015 is an optimistic time for 12 months of continuous year over year home price increases that outpace inflation.]]> http://seekingalpha.com/article/71223-housing-market-tracker-a-sampling-of-macro-effects-of-housing?source=feed#comment-136594 136594
>“You hear a lot about foreclosure and the thousands of families who are being forced out. But that is swamped by the number of people who want to sell their homes and can’t.” - Joseph S. Tracy, director of research at the Federal Reserve Bank of New York.]]> Fri, 04 Apr 2008 12:33:50 -0400
>“You hear a lot about foreclosure and the thousands of families who are being forced out. But that is swamped by the number of people who want to sell their homes and can’t.” - Joseph S. Tracy, director of research at the Federal Reserve Bank of New York.]]> http://seekingalpha.com/article/71209-4-market-lessons-from-this-rocky-period?source=feed#comment-136581 136581 Fri, 04 Apr 2008 12:19:44 -0400 http://seekingalpha.com/article/70508-spy-the-case-for-a-bottom-being-in-place?source=feed#comment-134135 134135 Mon, 31 Mar 2008 13:10:31 -0400 http://seekingalpha.com/article/70401-no-sign-of-a-credit-crunch-outside-of-real-estate?source=feed#comment-134018 134018 Mon, 31 Mar 2008 10:20:09 -0400 http://seekingalpha.com/article/69979-the-fed-is-deflating-10-reasons-why?source=feed#comment-131659 131659 Wed, 26 Mar 2008 07:32:12 -0400 http://seekingalpha.com/article/67033-trade-and-the-declining-dollar-what-do-slowing-imports-mean-and-is-there-a-j-curve?source=feed#comment-121952 121952
www.autoblog.com/2008/.../

]]> Tue, 04 Mar 2008 11:23:23 -0500
www.autoblog.com/2008/.../

]]> http://seekingalpha.com/article/65886-us-dollar-double-bang-for-your-buck?source=feed#comment-118642 118642
But I'll be watching your asset appreciation theory and no inflation theory from the sidelines. Good luck.]]> Mon, 25 Feb 2008 08:23:56 -0500
But I'll be watching your asset appreciation theory and no inflation theory from the sidelines. Good luck.]]> http://seekingalpha.com/article/65681-1970s-style-stagflation-i-don-t-buy-it?source=feed#comment-117784 117784
The 1970s didn't have credit cards like we know today. Seriously, this is elmentary. Delete your post. ]]> Fri, 22 Feb 2008 07:15:49 -0500
The 1970s didn't have credit cards like we know today. Seriously, this is elmentary. Delete your post. ]]> http://seekingalpha.com/article/65250-should-the-us-government-buy-distressed-bonds?source=feed#comment-117450 117450
Disclosure: long QQQQ, DIA, SPY]]> Wed, 20 Feb 2008 15:26:36 -0500
Disclosure: long QQQQ, DIA, SPY]]> http://seekingalpha.com/article/64199-mbia-is-fair-value-accounting-a-good-deal-for-investors?source=feed#comment-115844 115844 Tue, 12 Feb 2008 09:14:35 -0500 http://seekingalpha.com/article/64196-the-year-doesn-t-look-lost-just-yet?source=feed#comment-115835 115835 Tue, 12 Feb 2008 08:50:28 -0500 http://seekingalpha.com/article/63150-what-the-housing-apocalypse-prophets-aren-t-revealing?source=feed#comment-114727 114727 Tue, 05 Feb 2008 16:02:19 -0500