Griz's Comments Griz's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/18680/comments Case-Shiller Still Predicts Massive 45% Fall from Today’s Values http://seekingalpha.com/article/175437-case-shiller-still-predicts-massive-45-fall-from-todays-values?source=feed#comment-778561 778561 Thu, 26 Nov 2009 12:17:38 -0500 Going Delinquent http://seekingalpha.com/article/174621-going-delinquent?source=feed#comment-770520 770520
Why do we continue to harbor such misguided Keynesian economic thinking. Why is artificially supporting a "chosen" asset class better than letting it fall to reach its natural equilibrium point. How do we know that the "pretend & extend" policy will work?

I think the appropriate question is: Which is worse: a depression or hyperinflation? I think the US in the 30's fared a lot better than the Weimar or Zimbabwe could have ever hoped for.]]>
Sat, 21 Nov 2009 11:45:20 -0500
Why do we continue to harbor such misguided Keynesian economic thinking. Why is artificially supporting a "chosen" asset class better than letting it fall to reach its natural equilibrium point. How do we know that the "pretend & extend" policy will work?

I think the appropriate question is: Which is worse: a depression or hyperinflation? I think the US in the 30's fared a lot better than the Weimar or Zimbabwe could have ever hoped for.]]>
Conservative Property Index Predicts We're Less than Halfway Through Fall http://seekingalpha.com/article/172179-conservative-property-index-predicts-we-re-less-than-halfway-through-fall?source=feed#comment-752286 752286 Mon, 09 Nov 2009 09:50:14 -0500 S&P Says Outlook Assumptions for U.S. Mortgages Still Valid http://seekingalpha.com/article/166539-s-p-says-outlook-assumptions-for-u-s-mortgages-still-valid?source=feed#comment-716413 716413 Thu, 15 Oct 2009 11:54:48 -0400 Elizabeth Warren Highlights Washington's Losing Housing Battle http://seekingalpha.com/article/165866-elizabeth-warren-highlights-washington-s-losing-housing-battle?source=feed#comment-712410 712410 Sun, 11 Oct 2009 08:50:54 -0400 It's Time to Call a Housing Bottom http://seekingalpha.com/article/163998-it-s-time-to-call-a-housing-bottom?source=feed#comment-696867 696867 Wed, 30 Sep 2009 11:24:53 -0400 Housing Crisis Deepens - Prime Borrowers' Roll Is Over http://seekingalpha.com/article/157518-housing-crisis-deepens-prime-borrowers-roll-is-over?source=feed#comment-640316 640316 Fri, 21 Aug 2009 16:25:11 -0400 John Paulson: Long Financials http://seekingalpha.com/article/156162-john-paulson-long-financials?source=feed#comment-630939 630939 Sat, 15 Aug 2009 11:07:35 -0400 Just like that, the 0.3% annualized growth seen in May is revised to zero, so when's the recession's end date? Reply is hazy, with all eyes on July. http://seekingalpha.com/news/market_currents/post/30609?source=feed#comment-630930 630930 Sat, 15 Aug 2009 10:53:19 -0400 Housing: How Big Is the Shadow Inventory? http://seekingalpha.com/article/153314-housing-how-big-is-the-shadow-inventory?source=feed#comment-614705 614705 Tue, 04 Aug 2009 11:29:32 -0400 Keeping an Eye on the Entire U.S. Housing Picture, Part 1 http://seekingalpha.com/article/153296-keeping-an-eye-on-the-entire-u-s-housing-picture-part-1?source=feed#comment-614435 614435 Tue, 04 Aug 2009 10:04:33 -0400 With more than 2/3 of S&P 500 companies now in, Q1 earnings are about 10% higher than consensus - the best reading ever. Dr. Ed Yardeni notes that some managements have attributed the beats to aggressive cost-cutting, suggesting that if the economy is bottoming and recovers later this year, the profits rebound could be surprisingly robust. http://seekingalpha.com/news/market_currents/post/23341?source=feed#comment-488893 488893
If everyone is unemployed, then won't there be a 2nd round of demand reduction, leading to more "cost cutting" feeding into yet another round of "cost reductions", leading to yet more...]]>
Mon, 04 May 2009 12:55:12 -0400
If everyone is unemployed, then won't there be a 2nd round of demand reduction, leading to more "cost cutting" feeding into yet another round of "cost reductions", leading to yet more...]]>
Jim the Realtor: San Diego New Homes Selling Briskly http://seekingalpha.com/article/134995-jim-the-realtor-san-diego-new-homes-selling-briskly?source=feed#comment-488811 488811
(P.S. Thanks for the honesty t-bird)

On May 04 09:04 AM t-bird wrote:

> I am a Realtor and member of NAR...
>
> Following the advice of 95% of the Realtors out there is like taking
> the hook, line and sinker...Do your due diligence and make your own
> decisions on your r.e. investment.
>
> Forewarned is forearmed!]]>
Mon, 04 May 2009 12:21:20 -0400
(P.S. Thanks for the honesty t-bird)

On May 04 09:04 AM t-bird wrote:

> I am a Realtor and member of NAR...
>
> Following the advice of 95% of the Realtors out there is like taking
> the hook, line and sinker...Do your due diligence and make your own
> decisions on your r.e. investment.
>
> Forewarned is forearmed!]]>
Jim the Realtor: San Diego New Homes Selling Briskly http://seekingalpha.com/article/134995-jim-the-realtor-san-diego-new-homes-selling-briskly?source=feed#comment-488806 488806 Mon, 04 May 2009 12:18:51 -0400 Case-Shiller Housing Numbers: The Rate of Decline Is Decreasing http://seekingalpha.com/article/133711-case-shiller-housing-numbers-the-rate-of-decline-is-decreasing?source=feed#comment-481852 481852 Tue, 28 Apr 2009 21:09:01 -0400 California Housing Affordability Reaches Record High http://seekingalpha.com/article/132954-california-housing-affordability-reaches-record-high?source=feed#comment-478513 478513
Gotta love those realtors.]]>
Sun, 26 Apr 2009 23:35:17 -0400
Gotta love those realtors.]]>
The Second Reason Consumers Aren't Spending http://seekingalpha.com/article/131102-the-second-reason-consumers-aren-t-spending?source=feed#comment-464960 464960 Thu, 16 Apr 2009 09:57:04 -0400 The Second Reason Consumers Aren't Spending http://seekingalpha.com/article/131102-the-second-reason-consumers-aren-t-spending?source=feed#comment-464430 464430 Wed, 15 Apr 2009 21:00:57 -0400 Banks Are Unwilling to Solve REO Problems http://seekingalpha.com/article/130521-banks-are-unwilling-to-solve-reo-problems?source=feed#comment-460523 460523 Sun, 12 Apr 2009 11:51:23 -0400 It's Time to Take Advantage of Home Price Declines http://seekingalpha.com/article/130031-it-s-time-to-take-advantage-of-home-price-declines?source=feed#comment-456118 456118 Wed, 08 Apr 2009 10:09:53 -0400 First Time Housing Affordability Surges in California http://seekingalpha.com/article/129439-first-time-housing-affordability-surges-in-california?source=feed#comment-452394 452394 A) A $500K house, $100K down, $400K financed with fixed 30-year @ 4% = $1,900/month payment.
B) Same house purchased for $300K, same $100K down but now only needing a $200K mortgage, let's say financed using a 30-year fixed mortgage at 11% = $1,900/month payment.

Affordability, as calculated by the realtors, does not take into consideration the crushing implications of over indebtedness. Also, despite these low rates, we are not down the curve to the pre-bubble "affordability" levels of '98 - '00.]]>
Sun, 05 Apr 2009 11:43:32 -0400 A) A $500K house, $100K down, $400K financed with fixed 30-year @ 4% = $1,900/month payment.
B) Same house purchased for $300K, same $100K down but now only needing a $200K mortgage, let's say financed using a 30-year fixed mortgage at 11% = $1,900/month payment.

Affordability, as calculated by the realtors, does not take into consideration the crushing implications of over indebtedness. Also, despite these low rates, we are not down the curve to the pre-bubble "affordability" levels of '98 - '00.]]>
What Hancock Tower Sale Means for Commercial Real Estate - Morgan Stanley http://seekingalpha.com/article/128974-what-hancock-tower-sale-means-for-commercial-real-estate-morgan-stanley?source=feed#comment-448302 448302 Wed, 01 Apr 2009 15:18:23 -0400 Housing Decline Slowing? Wishful Thinking (Case-Shiller) http://seekingalpha.com/article/128835-housing-decline-slowing-wishful-thinking-case-shiller?source=feed#comment-448284 448284 Wed, 01 Apr 2009 15:10:40 -0400 Housing: Most of the Decline Is Over http://seekingalpha.com/article/127515-housing-most-of-the-decline-is-over?source=feed#comment-438044 438044
The home ATM is never coming back, we all have to give up the ghost of our over-consumptive economy and start embarking on more productive endeavours.]]>
Tue, 24 Mar 2009 10:11:18 -0400
The home ATM is never coming back, we all have to give up the ghost of our over-consumptive economy and start embarking on more productive endeavours.]]>
Two More Reasons I Think Housing Has Hit Bottom http://seekingalpha.com/article/126558-two-more-reasons-i-think-housing-has-hit-bottom?source=feed#comment-431380 431380 Wed, 18 Mar 2009 17:51:55 -0400 Don't Buy the Housing Headlines http://seekingalpha.com/article/126536-don-t-buy-the-housing-headlines?source=feed#comment-431365 431365 Wed, 18 Mar 2009 17:40:36 -0400 Curious Predictions About SoCal Housing http://seekingalpha.com/article/126547-curious-predictions-about-socal-housing?source=feed#comment-431355 431355 Wed, 18 Mar 2009 17:33:15 -0400 The Unwinding Is in Full Swing http://seekingalpha.com/article/126186-the-unwinding-is-in-full-swing?source=feed#comment-428508 428508 Mon, 16 Mar 2009 20:23:09 -0400 Home Prices Are Taking a Breather Before Heading Lower http://seekingalpha.com/article/125414-home-prices-are-taking-a-breather-before-heading-lower?source=feed#comment-423488 423488 Thu, 12 Mar 2009 14:47:59 -0400 California Real Estate Market Is Up http://seekingalpha.com/article/121668-california-real-estate-market-is-up?source=feed#comment-396352 396352 Fri, 20 Feb 2009 09:31:47 -0500