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"The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.?

I think I have posted in the wrong thread. My post was directed more towards the Fed bailout plans for Fannie and Freddie. With the recent failure of Indymac and the probable failure of Wamu and probable failures of Downey and Wachovia. The fed will not let these banks fail, so they will...

This is going to really hurt the Dollar. Dollar = Peso.

It is only going to get worse. Americans won't be able to go to europe, can't afford it. Think of it like an imprisonment, we are all being punished for our irresponsible ways.

They need to worry about those damm birds before they worry about the parking situation. The conspiracy theorist in me thinks they released those birds in order to force us to park inside, what a sht storm.

Tommy's in Tustin, Newport and Brian, always fresh and great portions, try the Poke bowl. It's the definition of a hole in the wall, blink and you'll miss it.

Payment including taxes is $2500 + $200 HOA = $2700 Rent = $1700. Thats $1000 Savings per month. You can save up an extra 12k over the next year at minimum. Also, you have 6k in savings, and you have to pay 5k for closing costs? You will have nothing left for reserves, build...

PadreBrian, There are several apartment complexes going up and almost complete. One of the complexes at alton/jamboree is nearly complete, and the foundation across the street is almost done as well. Main st village is topped off. The construction is being completed, whether they lease...

The majority of the decline has occurred within the past 8 months not the last 12 months. The lack of credit market and decline in consumer confidence are going to speed the decline we've seen in these 8 months. I may be wrong, but considering the job losses and bankruptcies we will be...

Prices have reached 2004 levels. Don't forget 2004 levels were inflated, add the current lack of credit and we will most likely see 2002 prices within a year.

Don't be so quick to trust the Big Bank/Direct Lender to give you the best deal. Get quotes for rate and closing costs from a broker and a direct lender and compare them. Aside from the Good Faith Estimate ask for the Truth in Lending Statement. This will show your long term total of...

Wasn't it posted somewhere in the last two weeks that the IAC has a mere 5-6% vacancy rate? If so why would they try to implement a fee like this. According to that vacancy rate they should have no trouble leasing all of these overpriced units.

<p>New Century was doing subprime and 80/20's, Indymac was doing Option Arms. Well, BS was riding the pony and doing 80/20 Option Arms. They were the only lender to provide this and now we see how ridiculous this program was. </p>

EvaL, Rates are looking good today, but like you said it is very volatile. Last week one major lender had 5 reprices in one day, very unusual. SocalGals quote is down to 5.625% today.

From the Federal reserve Bank of San Francisco http://www.frbsf.org/education/activities/drecon/2002/0206.html Look at chart 2 and the explanation. They have a much more in depth article which, I will look for that explains this in greater detail. There is no fixed spread...

<p>"There are two reasons mortgage rates haven't responded more to the Fed's rate cuts. <strong>One is that long-term Treasury yields, which are the benchmark for most mortgage rates</strong>, have risen recently, perhaps because of increased concern about inflation as the prices of oil and...

<p>Mortgage rates are affected by many things but there is a reason that the ten year note is known as the "benchmark" of the 30 year fixed loan. Subprime mortgages were based upon other indexes including but not limited to the libor, CODI, COSI, COFI, CMT indexes.</p> <p>I dont have time to...

The ten year note is the basis of the banks term premium. It is long enough for the 30 year term but short enough to compensate for the fact that the borrower will not have that loan past 7-10 years. Although people love the 30 year fixed, history shows that the borrower will refinance or sell...

<p>Track the ten year note if you want to trend 30 year fix rates, stock symbol is TNX. </p>