dckleins's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/139908/comments http://seekingalpha.com/article/70323/comments?source=feed#comment-133070 133070
But, what's interesting is to compare this to average homeowner statistics, particularly urban. Anecdotaly, most people I know in Chicago live in a home for 3-5 years, and they all swear they made money when they moved out. That may be...

But, once they remove all of the external costs of buying from the pure nominal appreciation (particularly by removing the closing closing costs and selling commission) their returns are dwarfed by what could have made had they just put their money in a money-market account...and would have had returns with substantially less risk than owning. ]]> Fri, 28 Mar 2008 13:07:40 -0400
But, what's interesting is to compare this to average homeowner statistics, particularly urban. Anecdotaly, most people I know in Chicago live in a home for 3-5 years, and they all swear they made money when they moved out. That may be...

But, once they remove all of the external costs of buying from the pure nominal appreciation (particularly by removing the closing closing costs and selling commission) their returns are dwarfed by what could have made had they just put their money in a money-market account...and would have had returns with substantially less risk than owning. ]]> http://seekingalpha.com/article/68574/comments?source=feed#comment-126704 126704 Fri, 14 Mar 2008 18:09:59 -0400 http://seekingalpha.com/article/60093/comments?source=feed#comment-110340 110340
The real issue that Citi (and other banks) have, is that they got caught holding a bag of post-securitized loans in the form of ABS, MBS, and CDOs that no one knows how to value (except for Goldman Sachs, somehow).

Because there's no relationship between the actual sub-prime mortages Citi wrote, and the originators of the underlying mortgages in the ABS's of Citi's proprietary books, you won't be able to back into an estimate of future write offs. You'd need information about the securities in their prop book and more importantly, a database of the underlying mortgages that comprise their ABSs. ]]> Mon, 14 Jan 2008 16:58:37 -0500
The real issue that Citi (and other banks) have, is that they got caught holding a bag of post-securitized loans in the form of ABS, MBS, and CDOs that no one knows how to value (except for Goldman Sachs, somehow).

Because there's no relationship between the actual sub-prime mortages Citi wrote, and the originators of the underlying mortgages in the ABS's of Citi's proprietary books, you won't be able to back into an estimate of future write offs. You'd need information about the securities in their prop book and more importantly, a database of the underlying mortgages that comprise their ABSs. ]]>