Griz

Paulson/Bernanke: $700 Billion at 'Hold to Maturity' Pricing

I can't believe what I am hearing… “Hold to maturity”? It’s almost like these hypocritical socio-capitalists are now turning on the very principle that they promoted so earnestly on the ride up. Do we now all of a sudden no longer have an efficient market? Are the markets only efficient in measuring asset price inflation? Can real estate only go up? Hold to maturity is a f#####g insult to anyone with 2nd-grade education. It is blindingly insulting that Bernanke would propose some new “valuation model” and expect the taxpayer to feel better about it. It is outright lying!!

US Housing Inventories Reach Record Highs

I'm looking to move to So Cal and I'm seeing more and more nice single family Houses are coming onto the market. I guess this is the next step for delusional owners who won't "accept" the offers they have been getting to buy their homes; they must be thinking "I'll rent it for a year or two until prices rebound". I can now rent a $1,000,000 home in Orange County for about $3,500/mo... no matter how I slice it, I can't make the math work to buy. Now is a great time to rent a home.