REeconomist, you are right about me... but still wrong about your analysis. Sorry.
JohnP... your econ/housing analysis is good. Now why you would attack my style is beyond me. And "right" is an assumption... look up the mechanics of shorting... try applying you sound analysis to instruments instead of hard assets.
Re[Tard]Economist, at first I gave you the benefit of the doubt and thought you were an academic. With this post, you not only nullified that thought, but killed your credibility. The definition of demand is consumers “Able and Willing” to buy. Therefore, the price points on a supply/demand curve are real market forces at work…
So, if you are not an academic, you must copy and paste research/posts you read all day and try to pass it off as your original thought. Not a bad racket for those without credentials.
And, I am not in the real estate industry from the standpoint that I took a correspondence course, got licensed, and sell people illusions… but basically make money off people like you without you knowing it… so please keep up the good work!
Fannie, Freddie: Who Benefited, Who Lost [Housing Tracker] [View article]
cptlgn you bring up a very good point!!! In fact, taking this a bit further, most people are F'd and don't even know it... the full exposure to the CMO in pensions such as Calpers have not even been fully disclosed...
This temporary float up (manipulation) of the market is so insiders can make the appropriate bets and either cash out, or make the losses of the funds under management less than would have been... DO NOT GET IT TWISTED. At the end of the day, middle class are holding the bag with no retirement and no value in their homes...
ReEconomist... you wasted everybody’s time by basically saying FUNDAMENTALS WILL ALWAYS PRESIST and at the end of the day SUPPLY & DEMAND are the ultimate factors of “spot prices” but more importantly long-term price trends.
Very simple, but I love how academics with no real skin in the market like to rehash textbook rhetoric.
Fannie Mae Earnings: It's Not Pretty [View article]
"By 2009 the median home price should be up at least10% from the current prices." - Gabe you're an idiot. This is so abritrary and your "economic analysis" has fallacy all over it... this is prob. the same analysis the the National Association or RealTards use... I agree... "Cite your sources"
Is "Regulation of Hedge Funds" a Contradictory Term? [View article]
Bernie. Your comment is very right on. The problem though is whether government intervention is the answer. I agree with you on so many levels (i.e. Wall Street being the biggest criminals anywhere), but I believe there needs to be a check and balance structure in place that essentially governs by way of true market principles. In absence of that, we have racketeers who dress in suits and make money on "spreads" which is really theft from the middle class (i.e. johnny g who lives in "the peninsula")… while we create more jobs paid by and guarantee by tax payers that are essentially useless.
Also, johnny g, I am proud that you were able to recognize that MORAL HAZARD has two words! Right on! Now go back to renting your house on the peninsula.
Funny... it all depends. Who thought the market was perpetually going up, took out exotic loans, bragged to their friends about how big and many houses they had, gloated about living in "the peninsula", got caught with their pants down because they didn't do solid research, threw away their retirement and kids education, cried that it was a conspiracy, and left the smart people to hold the bag (i.e. bailouts = inflation = decreased dollar = EVERYONE SCREWED).
... point being is that in areas that were already in a bubble due to tech investments (i.e. Silicon) (a glitch compared to the one that just deflated), they still need to back out to the appropriate levels associated with real population growth (based on sound real job creation) and wage increases... the data pointing to pre-2000 levels. For those retards who say you live in "prime locations" and aren't impacted - TAKE AN ECONOMICS CLASS.
Tony, 2002/01 levels are correct from a national level. For areas effected by the tech boom, (Real Estate Broker) has it right... there was a fundamental up tick in demand do to the relocation of MANY MANY resources into the area from throughout the country. Unfortunately, even though the demand from a housing perspective was appropriate (i.e. population growth), the driver (tech boom) was artificial in that many of these companies were a creation of Wall Street (Sound Familiar) and not on robust sound economics... hence, most of these same people (engineers, software programmer, etc.) become RealTard (no offense REBroker).
Foreclosures Still On the Rise in California [View article]
Somehow Easyrider and Johnny g think they are in an isolated bubble and try to convince themselves their phantom wealth is intact. But in reality, they lay in bed in their subprime "rented" lofts in "Los Altos" and "The Peninsula" really sweating to the facts:
Foreclosures Still On the Rise in California [View article]
Actually you do... seeing as the bank owns your house, the only thing you own is your shoes. You sold your soul when you considered yourself a professional; peddling bad advice and printing your picture on your business card. RealTards!! But it's cool, now you can utilize your community college coursework and blog... may I suggest TMZ or PerezHilton?
Foreclosures Still On the Rise in California [View article]
... this is probably the same smart guy that said "buy bank stocks now they are at the bottom" 6 months ago, and then advocated for the reguation against shorts... Moron
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Latest | Highest ratedHousing on the Slide [View article]
JohnP... your econ/housing analysis is good. Now why you would attack my style is beyond me. And "right" is an assumption... look up the mechanics of shorting... try applying you sound analysis to instruments instead of hard assets.
Expect the Real Rally by Mid-2009 [View article]
Expect the Real Rally by Mid-2009 [View article]
Housing on the Slide [View article]
So, if you are not an academic, you must copy and paste research/posts you read all day and try to pass it off as your original thought. Not a bad racket for those without credentials.
And, I am not in the real estate industry from the standpoint that I took a correspondence course, got licensed, and sell people illusions… but basically make money off people like you without you knowing it… so please keep up the good work!
Housing on the Slide [View article]
Fannie, Freddie: Who Benefited, Who Lost [Housing Tracker] [View article]
This temporary float up (manipulation) of the market is so insiders can make the appropriate bets and either cash out, or make the losses of the funds under management less than would have been... DO NOT GET IT TWISTED. At the end of the day, middle class are holding the bag with no retirement and no value in their homes...
Housing on the Slide [View article]
Very simple, but I love how academics with no real skin in the market like to rehash textbook rhetoric.
Fannie Mae Earnings: It's Not Pretty [View article]
Is "Regulation of Hedge Funds" a Contradictory Term? [View article]
Also, johnny g, I am proud that you were able to recognize that MORAL HAZARD has two words! Right on! Now go back to renting your house on the peninsula.
Some Real Talk on Housing [View article]
... MEG RYAN
Some Real Talk on Housing [View article]
Some Real Talk on Housing [View article]
Foreclosures Still On the Rise in California [View article]
money.cnn.com/2008/07/...
*Good luck on your other over leveraged assets
Foreclosures Still On the Rise in California [View article]
Foreclosures Still On the Rise in California [View article]