Search results

Right...so as rates drop you can buy more house for the same price and that is what stretched median home prices so far. And when rates go back up, the same mortgage buys you a smaller and smaller home. Also lending standards get much tougher, so a 650 credit score that could have taken your...

Canada might be in a bigger bubble then we are.

Brett Barna is not a teenager, he is 31. And like I said before, all the points you make about Moore are completely valid. And all it took was Brett's behavior for this firm to now come under a microscope in which as you said, all the other skeletons will come out. I'm not defending Moore...

Conduit, I'm going to make this easy for you. Answer honestly please. If this kid was making money do you think he would be fired? If this kid was not, would you keep him? Come on, these guys are not running a non profit. It's only about the money. It's really that simple. I have no...

But what you just said validates my point. You see, I knew nothing about this guy(Moore)...nothing, until this happened. Because of this dimwit, people are now going to direct their attention to him (Moore). And that is exactly my point. Moore could have been the senior advisor to the KKK...

Let me play devil's advocate here. As long as Moore Capital is making money, everything is wonderful. But when they start losing money, this is the type of thing investors and ultimately a lawyer is going to go after. They are going to look for negligence, incompetence, etc. This is one of...

Guys, he is getting sued for violation of contract, lying about every aspect of the event, damage to the home, stolen valuable art and oh yeah, he skipped out on the 27k bill. If it were me, I wouldn't be sending a lawyer after him, I would be sending a hitman.

It's all about location. If you put a cardboard box on a plot if land out there it would go for 15 million. It's all land value. Here is a similar home in the area. https://www.airbnb.com/rooms/11513812?s=UUv68pAP The home is actually decent. It's a typical Colonial style Hamptons home...

Just to be clear, I think this is still a few years away. And timing it will be next to impossible.

Let me add one more thing about when housing prices drop. In 2008, when housing prices dropped, what allowed that to recover so quickly was the "drop" in mortgage rates. In other words, people could get back into their homes not only at lower prices but with a much lower monthly payment as...

There is a saying in the markets, sooner or later, all things return to fair value. Many of the newer market participants don't believe this because their memories are short and they have only experienced one type of market and they become conditioned to it. I find economics fascinating. And...

The data has been presented. You interpret it as you wish.

I agree "individuals" are not buying treasuries and using the collateral for home purchases. I'm talking hedge funds, banks, governments, pensions, etc.

I think you are not reading my posts. I'm not talking about foreign individuals. LOL. I'm sorry, I'm not trying to be obtuse with you, you are just not reading anything I've posted.

No, no, no......I'm not talking about a correction and I'm not even talking about housing really. We are in the biggest debt bubble in the history of the world. Housing is just the tail on the doq. We are in uncharted territory. Over 10 trillion in negative yielding debt is absolutely...

This is because most of the 2008 selloff was due to subprime mortages. Manhattan had little to ZERO subprime.

Home ownership down but prices up....

Un.....su......stainable.