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The risk is idiot that there is a chance your house could grab a $50,000 bid on ebay. Get back to me after the next crash above 1500 on S&P.

Title based on a book I read 17 years ago by Joe Dominquez. http://users.ipfw.edu/ruflethe/american.html

The fact is the lenders can't afford to take any more risk. My doctor was telling me how he had to put 30% plus down in order to qualify for the loan. The banks are offloading the risk to the borrower in fears they won't be able to pay, won't want to pay anymore(house worth 30% less). There...

Scary to think what that is implying. The banks know, the fed knows. This whole bailout is just to reduce the impact of this fallout. Will it work and how much will it help. It's endgame for most. Paradigm shift occurring. Maybe now we can become consumers of leisure and not consumers of...

"Chase is ridiculous." You wonder why they survived this mess. They hedged their bets just like wells fargo does. They control the risk.

Now would you put 20% down on a home knowing that home has another 20-40% loss of value factored in based on current economic conditions? What if you rented and invested that 20% elsewhere? Return On Capital is what banks are worried about and so should any new home buyers, unless they are...

See most won't touch the fire again after being burned. They can pump all the money they want, when the people say enough is enough, we learned our lessons then you have less consumption, less demand, less productivity and more time to pay attention to what's really important in life.

When house prices revert and give back their 46% gains (and the banks know this and are factoring this in decision making) they will be left holding the bag. Look at it his way, at least America is on its way to a population that saves and has cash on hand. You think the banks want to hold...

They know that your "house" collateral will be worth another 20-40% less by end of next year. You could package yourself into a Credit Default Swap. Have someone else get the loan for you, you pay them a %, if you default, they get your house.

ET is addictive because there are lots of bright folks versed in many different arenas. Great learning forum.

The Walmarts and the Targets will remain standing. The Costcos and malls will die off. The supermarket chains will grow and expand their store offerings simulating what Walmart is doing. Your one stop shopping center to cover the basic needs of living. New times coming for sure, but better...

When I started seeing all those storage shed buildings going up I had to laugh. Americans actually pay to store crap they really don't need. I see lots of folks already clearing out their spaces and cutting their monthly costs on anything they really don't need but thought they did when they...

Great post, thanks.

Hey have a look at the proposed new white house.

$700 billion to continue making the same mistakes. Dubai here I come. Dubai will soon take over the monetary supremacy that the USA is basically surrendering.

901 would be the place for any shorts.

You know that tv commercial where the big wig CEO comes into the office and his secretary tells him about all his "personal' appointments and business appointments for the day and he says lets move the business appointments to another time or day. And we pay them millions for what?

You will have another wave of folks throwing in the towel when what they thought was cheap is now even cheaper and they can't justify holding on to it pulling a breakeven or below return. These folks will get burnt trying to time a bottom, the second wave of buyers who hoarded cash will come...

3 big waves of volume.

Folks, if your grannies and grannpies are still around, better pull up a chair next to them and let them tell you how times were during the depression. I can't believe folks are considering jumping into real estate because it looks like a bargain. You will have another wave of folks throwing in...