xmplary

Charlie Gasparino: Another Crash 'Has to Happen Again'

>>I don’t know when it’s going to happen, but if history is any guide, it has to happen again–the “it” being another financial crash

If we didnt have to specify a time frame, we can all be Prophets! When the even finally happens then the Prophets can come out and say, "Didnt I say this is going to happen!"

Property Values Set to Fall 43% from Current Depressed Levels

The reality is different from analysis. I have several clients bidding on bidselect.com for HUD properties and like every buyer, they want to start bidding way down, against my advice, only to find out that some one else's bid got accepted over theirs. The best time to have got the best deals was in the spring of this year when there was so much uncertainty and many not being able to get financing. Those deals are now gone, except where the seller is desperate... even then, the bank approving the short sales are not so desperate with all the billions tax payers have provided! Winter is generally a slow period, so desperate sellers will accept lower offers, but if they can hold on till the next season they will. Prices dropping 43% lower from current levels is fantasy, unless we are in for a similar situation as in late 08.

Housing: Another Time Bomb on the Horizon

I dont buy the argument you make about time. If that is to be true, the rate of inflating and bursting the bubble has to be the same, with the same conditions. Clearly, this is not the case.

On Apr 16 11:34 AM Sober Realist wrote:

> Just look at the housing bubble chart from the Chris Martenson website
> or from this website:
> sunhomedesign.wordpres.../
> The chart tells you that we still have a roughly 50% drop to go in
> home prices before they stabalize. Or looking at it from a time perspective,
> we still have roughly 6 more years before we achieve this. The historical
> rule of thumb is that it takes an equal amount of time for a bubble
> to deflate as it did to inflate. The housing bubble began in 1999
> and burst in 2007. That's 8 years from 2007 which puts us at 2015
> for the return to normalcy.

Little House on PIMCO’s Prairie

The system is set up so that no one, but the whole is accountable... let me take that back. The system is set up so that no one is accountable, even the whole. Every one points finger to another. Its no body's responsibility, and every body's responsibility, yet there is no responsibility. A good place to start would be to start griling the appraiser as to how he came up with these figures. Maybe the listing agent or the lender or the seller made a suggestion to the appraiser as to what numbers it should come to, which should be illegal. Maybe the seller, the buyer, and the lender were conspiring... who knows what the story is... Either way, start moving up the ladder to see who was sleeping or overlooking, and where the money trail leads to.

The Housing Blame Game, Redux

If by "pin the tail on the donkey" you meant president Bush, at least you'd be right about identifying the donkey. Housing is only one part of the equation. Why not take a look at why people can't afford the house they bought any more? We have been off shoring our jobs and making the fact cats in the middle that is cause of this mess. Workers on both sides get screwed, while the middle man gets rich. In other words, the trickle down economics where the the trickle is a slight drip. When people don't have jobs, how are they going to pay their mortgage? We can keep pointing our finger at all the wrong places, but hide the real one.

Mortgage Rates Dropping Fast, Set to Save the World

Already getting e-mails from from builders and lenders for rates as low as 4.5% I believe it will help in the new year, but the job losses and a scary economy is having a toll as well.

Government Thinking Hard About 4.5% Mortgage Plan. Good!

Lenders are generally ahead of all this... I have been getting e-mail from lenders advertising 4.75% as of last week xmplary.blogspot.com/2... and this week already had one stating 4.5% for 30 year fixed. I think this will help, but the problem is buyers are afraid to get into the market when it keeps tanking. When there is an uptick, there will be more willing to get into the market at these low rates.

Paulson's Plan Fails to Understand the Problem; Madoff Is a Perfect Example

Interesting article. All we have had recently is one scandal after another, and giving money to the foxes guarding the hen house without checks and balances in place is only going to lead more of it. Paulson and the $700 billion is not going to be any exception either. When one guy like Madoff can con the con men of Wall Street for $50 billion, you are dead right with your article.

Housing Solution: Crashing Home Prices or Cheaper Mortgages?

I have even got an e-mail from a lender for rates as low as $4.99% for 30 year Fixed conventional loan. Also been reading up on seeking alpha blogs some talking about rates going to 4.5% Maybe wishful thinking, but this will certainly help buyers sitting on the fence.

Solve the Housing Crisis by Rewarding the Prudent

Throughout this mess, interest rates seems to be holding around 6%. Dropping it down would certainly help as it makes home ownership cheaper... more first time prudent buyers would be willing to take advantage as well.