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and first thing you do is go to ET and inform us all. do you think that some ET members used your account to trade after you went to sleep?

I do not understand you. Are you saying that people that are not home owner are bankrupt and current home owners are well off? by the way I purchased my house in June 1997 put 25% down and my monthly payment was almost 8K. Today my house worth more and I pay less but that doesn't cloud my...

look at my post on page 7 house was purchased for 699 in September 2005 now offered for 489 How many buyers lined up for 30% discount? 5-6% my ass

lowest recent close on S&P was 1310 what is up with 1340:confused:

ET should give out prises for post like this.

Response by president of the bank: “This is an excellent question that is a very new issue and you are correct, we have yet to explain it well. I hope you don’t mind…but I am going to use your note to explain it to all of OUR BANK personnel. Simply speaking, just because a loan meets...

This is an email from the president of the mortgage bank to bank employees. I removed name of the bank and other names. “I am wondering if you could take a moment to provide some clarification on an issue I am having trouble understanding. This issue has caused 4 lost agency eligible...

Most difficult thing for me was to stop picking tops and bottoms.

I am glad we are in recession. Housing, services, stocks become more affordable.

Thank you for the education. But why do I need to use zillow or speak to a real estate agent? go to realtor.com this is house in tarzana listed for 489K...

What are the Unexpected results? What are the Expected results?

You have said that RE will not lose it value yet no one can afford to buy. So which is it?

Man do not scare me like this. Sellers could just raise the prices to 600K and bankrupt all the buyers scary shit :eek:

In Los Angeles 20K+ PROUD home owners that are trying to get out from their dream house would like to be losers. Something tells me you wouldn't mind it yourself.

Los Angeles area (Sherman Oaks, Tarzana, Encino) Asking prices are at 2005 levels. Only difference is outstanding inventory and no broker is offering crazy financing.

I purchased my house in June 1997 with 25% down and my monthly payment was very close to 8K per month.

market cannot make up it's mind. bad headlines - more RAPE cuts.

1. S&P going to 1250-1270

And after finding "a bottom" RE might stay flat for next 5-7 years. Who is going to drive it up again? Most of the participants of the current bubble will be fed up with RE broke and with damaged credit record.

Why did the fed cut 1.25 basis points in January if everything is so bright ahead?