Recent content by CapitalismWorks_IHB

  1. CapitalismWorks_IHB

    Current forecast for Irvine bottom?

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

    Prices in Newport Beach have to fall

    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...
  3. CapitalismWorks_IHB

    Any Educated Guesses to where 30 Year Fixed Mortgage Rates will be in 2009/2010?

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

    Any Educated Guesses to where 30 Year Fixed Mortgage Rates will be in 2009/2010?

    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...
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