Recent content by CapitalismWorks_IHB

Perhaps we should redefine the bottom in terms of carrying costs in order to adjust for the impact of interest rate fluctuations.

Josh is 23. Overall, I am impressed with his guts and acumen.

Good questions. Others can weigh in. I am hoping for OC, however there is no published Case Schiller. Is anyone familiar with OC related home price indices?

Obviously a bit of hyberbole, since no one is actually offering 10000 to 1 odds. However, I am interested in just how confident you are of the current market. What kind of odds would you be willing to take? I'll bet we can find a few counterparties on this board. Let's price this thing!

I'll give you even money. Since you believe prices are stable/rising, and are currently renting, this would be a good way to particpate in the housing market upside. Seriously. I can't find many economic means of shorting O.C. housing, and this would be extremely helpful...

FTR, as my avatar mighy indicate, I am on the far right of the political spectrum (with strong libertarian ideals, though their lack of a foreign policy is a dealbreaker). I also agree that the government roles is to protect majority from taking advantage of the minority, or even more...

Good point. You sound like a conservative...

These types of situations will become increasingly common over the next few years. If it were my parents, I would figure out a way to assist them. I second Nude's suggestion. Buy the house yourself.

Increasingly former high wage earners are taking low pay jobs. Check out U6 unemployment which includes the marginally employed, discouraged job seekers, both of which are excluded from the reported unemployment figure. Trust me, there is no good news in employment right now, unless you work...

First, the unemployment projections you posted are LUDICROUS. I knoe economics isn't your thing, but seriously, do you even read the news. If so, you may have caught the huge planned layoff numbers. Keep in mind that we are in the holiday seasons. January is typically a big month for firing...

I love it when awgee pulls the race card! My wife is mexican, correspondingly so are my kids. As for the innaccuracy of my statement, I will take some photos with my phone next time I drop by fashion island. I assure you my description is an accurate assessment of a common Newport Beach...

Second wives in workout gear running around fashion island while the the kids from the first marriage are watched by uneducated migrants from the less civlized portion of the world.

By 2012 P and G, and possible S and H will all be Republican. I think bumpsticker redux will be 2012 - The End of an Error. it will be a combination of 1980 and 1994. U.S. Politics is fought in the moderate middle, and that middle is getting crushed economically right now.

That is a great book. Big fan. Bigger fan of Baruch.

Conforming rates WILL be between 6 and 7% in Q3 and Q4 of next year. Jumbo + 100-200 bps. Rates are roughly 5% now, while the Treasury curve is artificially held down, and the MBS spread is artificially narrowed. I figures 1-1.5% rise in rates is very reasonable given the sunset of the Ts and...