Eleua
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- Eleua
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sniglet, I don't have an answer, but only a possible explanation. Credit tightening will hit the lower income borrowers prior to the high rollers. It will eventually hit them, but not yet. Also, the standards are not really that tight. Goin…
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but Eleua's post was creepy in a Glenn Quagmire kind of way. I have never seen the "Family Guy," so I really don't get the reference. If you have ever seen any of the old "Cheers" episodes, you might have run across the characters Sam Malone…
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If anyone is creeped-out by my post, I apologize. My inspiration for that little rant was two-fold: First, we need a little levity around here. Second, if anyone has seen "Mrs. Doubtfire," you know where most of the references came from. The…
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It is my undersanding that in both California and Washington the only recourse against a borrower is the house in foreclosure. I am also under the impression that if you went the refi route, they may have further recourse against your other assets.…
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That Suzanne video is pretty darned creepy. It's like HRC sans the flying lamps. Call me a cynic (like that has ever happened...), but I see this scenario playing out thusly: Hubby caves in because he hasn't played 'sink the sub' with shrew/w…
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BTW, Soundbiteblog's latest post seems to be an indirect swipe at the Bubbleheads. Just for your information... Here is what I posted. How much expertise do you have in an economic downturn that is greater than the '81-2 recession? What…
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If interest rates were not a problem, they would welcome comments. SInce they have turned them off, you know they are worried. :twisted: :twisted: :twisted: :twisted: :twisted: Lovin it! Now, if we could get people to go over to htt…
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Nobody is concerned about the hole in the roof until it starts to rain.
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Who does Ardell's voodoo doll most closely resemble?
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SeattleMoose gets it.
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Bus - Ferry - Bus - Airplane - Airplane - Bus/Rail/Taxi. Total distance; 3500 miles. One way. No car.
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Those condos are just spitting distance from one of the worst neighborhoods in the entire state. My aunt was murdered there back in '88. It just plain sucks. Why people would spend that kind of money to live there is beyond me. Bummerton doesn…
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I know for a fact they delete posts at RCG. I am now officially banned from two local RE blog sites. As for RCG...I did have one edgy post that probably could have been better stated, but I think Dustin was just looking for a pretext to can me f…
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I never see any real analysis from The Bulls on what happens to the price of a house as interest rates rise. I've asked Ardell, but I think Synthetik's dog would be better equiped to handle a question of that complexity. How is Ardell? I don'…
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Matthew, If a global recession/depression hits, India and China are going to be worried about survival. China will be in civil war, and India might not be that far behind. The money to those countries will vanish overnight. You can bet your …
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My predictions are pretty close to Synth's. I would put the real unemployment about 2X what he did. Oil priced in USD will go up, but the worldwide price may go down as when the US consumer finally taps-out, the Chinese/Malaysian/Indian/Outer …
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The "30 cents" rumor might be true. Back in Feb/Mar, someone that is in the biz wrote in to Fleckenstein and reported that one of the big lenders went to market with this crap expecting a bid of 108-110. The only bids they received were 63 and 5…
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Keep in mind that the entire model for what constitutes "contained" or for forcasting the maximum downside to all this is based upon real estate not declining by more than a few points. If we get 50% whackings in major markets (or my 80% whacking…
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I was on a BSC board discussing this matter and someone posted a totally unsubstiantiated rumor stating that ML tried to schlepp this dreck at 30 cents on the dollar and had no takers. I axed for a source and they didn't have anything other than …
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Regarding Market Ticker... I try to keep up with him. The bulk of what he discusses is technical analysis (TA), and I was never a believer in TA. To me, it is just squiggles on a chart and people assigning meaning to arbitrary values. I viewed…
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Put another way, if the house was worth $600K at 5.75%, it has now lost 7%, or $40K at 6.35% in one month. Question: How does the "wealth effect" work when you are losing $40K/mo?
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I lived in rural Hawaii at the time of the Beanie Baby craze, so I didn't see the furious insanity that surrounded the collectors. People in Hawaii were either surfing, working, or on vacation, so chasing stuffed socks wasn't a high priority. I wo…
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I never understood how a sock stuffed with beads was worth more than 50 cents.
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Another thing... You gotta think that the year-over-year comps from '06 and '05 should just crush the banks and builders when they publish their '07 reports. All the graphs that cover price action in the housing market over the past 50 years sho…
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If this bond thingy keeps stinking up the joint, any preannouncements from the bankers, builders, or retailers is going to just crush equities. A friend and I were talking about the next go-round of quarterly reports on the banksters. It goes li…
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Dejayoh, You and I read the same blog (Market Ticker), and it has been a real learning experience. I'm still not on board with tech analysis, but KD has presented a pretty convincing case for it. Watching the TNX over the past 4 weeks has b…
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My serious answer is PRECIOUS METALS. I can see how that will get wildly bid-up, even if you factor in dollar debasement. It will be a strange day when you can go to the Volvo dealer and trade a half-dozen Canadian Maples for a new S60. Don't…