Way to stop housing speculation. My idea for Obama.

[SNBthetrue]

Quote from KINGOFSHORTS:

Why not? we have to follow Reg-T when taking margin, speculating on homes with borrowed money is no different than speculative trading.

great point !

Quote from KINGOFSHORTS:


Housing as a speculative instrument is bad for the long term economy.

As long as it isn't used as a form of hedging against inflation, I don't see how it can be bad ?

Quote from psytrade:

Once again, inefficiencies in the Market are the illegitimate children of flawed monetary policies.

Systems build by men will always have bugs > inefficiencies... At least they should be bugs and not intentionnal features...

 

[stevegee58]

Quote from KINGOFSHORTS:

idiots. With the frictional costs, wide bid/ask spreads,commissions, carrying costs, opaque non fungible over the counter market with limited price discovery why the heck entertain such speculation?

Better off trading SPY., selling credit spreads (put spreads etc..)

Bah.

1) You should trade the markets you understand. Many of these cash-only speculators are real estate agents; this is their market.

2) The use of cash as opposed to taking zero-down loans is good. It's the sort of de-leveraging that this market needs.