No_Such_Reality_IHB
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Fed slashes rate to near zero...
Where to from here in six months when the economy is still in the can?
Where to from here in six months when the economy is still in the can?
Headlines...
- Thread starter effenheimer_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
They were at 4.62% 30yr fixed/0pts for a flash this morning and bounced back up twice, per the Countrywide guy sitting next to me.
Use the < a > button yo! Jeezus, even tenmagnet knows how to use it. Am I going to have USC to retract your degree or what?
You write 'em a check and they hand you a diploma. Or at least thats what I hear happens.
I remember giving them permission to use the post, and I didn't realize the book was going to be a big deal. I will have to get a copy.
Hey IR, Which post was it exactly?
Trooper_IHB
New member
Rates to re-fi (30 yr fixed) are at 5% with 0 points....and word is, they're going lower ! Cowabunga!
IrvineRealtor_IHB
New member
Trooper said:
They were at 4.62% 30yr fixed/0pts for a flash this morning and bounced back up twice, per the Countrywide guy sitting next to me.
bigmoneysalsa_IHB
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usctrojanman29_IHB
New member
Hopefully we can learn some lessons from what works and what didn't work when Japan was going through back in the 90s. The following article points out various things that the Japan did that worked and didn't work. Looks like low interest rates in the US are here to stay for several years.
linky
linky
graphrix_IHB
New member
usctrojanman29 said:
Use the < a > button yo! Jeezus, even tenmagnet knows how to use it. Am I going to have USC to retract your degree or what?
no_vaseline_IHB
New member
graphrix said:
You write 'em a check and they hand you a diploma. Or at least thats what I hear happens.
morekaos_IHB
New member
Wow!! IHB is everywhere. I wonder who these two characters are.
"It's going to get real interesting in there," said Joseph Morin, who spends weekends scanning every new listing, sale and rumor relating to Shady Canyon.
The Irvine resident has seen two of his former neighbors in the village of Woodbridge buy into the luxury community across town.
As prices fall, he continues to take semiregular home tours inside the gates and post his observations on Irvine housing blog forums.
Land surveyor Todd Miller said he takes those posts to heart. Miller rents a house in Coto de Caza, a gated tract in south Orange County, but has set his sights on several communities, including Shady Canyon, for his family.
Three years ago, when housing prices were high, Miller sold his longtime house on Naples island in Long Beach. Now he's trying to duplicate that bit of good timing.
"It doesn't take a genius," Miller said. "Even a schmo like me can figure out the top and the bottom. Home prices (in 2005) became so unaffordable. ... It couldn't go on forever."
Shady Canyon Plunge
"It's going to get real interesting in there," said Joseph Morin, who spends weekends scanning every new listing, sale and rumor relating to Shady Canyon.
The Irvine resident has seen two of his former neighbors in the village of Woodbridge buy into the luxury community across town.
As prices fall, he continues to take semiregular home tours inside the gates and post his observations on Irvine housing blog forums.
Land surveyor Todd Miller said he takes those posts to heart. Miller rents a house in Coto de Caza, a gated tract in south Orange County, but has set his sights on several communities, including Shady Canyon, for his family.
Three years ago, when housing prices were high, Miller sold his longtime house on Naples island in Long Beach. Now he's trying to duplicate that bit of good timing.
"It doesn't take a genius," Miller said. "Even a schmo like me can figure out the top and the bottom. Home prices (in 2005) became so unaffordable. ... It couldn't go on forever."
Shady Canyon Plunge
Girl In the OC_IHB
New member
graphrix_IHB
New member
Here are the top 10 of Cramer's calls from 2008. His #1 one call is my personal favorite, and while I would never bet against GS, I would not have thought it would have gone up any where near what Cramer thought.
1. Goldman Sachs makes more money than every other brokerage firm in New York combined and finishes the year at $300 a share. Not a prediction—an inevitability. In fact, it’s only January, and I think it’s already come true.
The 1yr chart for GS...
http://xs135.xs.to/xs135/09015/gs2008390.gif
For more of the worst calls of 2008, check out the list Barry made.
1. Goldman Sachs makes more money than every other brokerage firm in New York combined and finishes the year at $300 a share. Not a prediction—an inevitability. In fact, it’s only January, and I think it’s already come true.
The 1yr chart for GS...
http://xs135.xs.to/xs135/09015/gs2008390.gif
For more of the worst calls of 2008, check out the list Barry made.
morekaos_IHB
New member
IHB in Michel Lewis's new book and quoted in the New York Times...Wow!!
"A single entry from the Irvine Housing Blog, which shows how a person in January 2005 bought a $1.157 million house with $270 down, refinanced with a funky teaser-rate mortgage and then proceeded to open up a $491,000 home equity line of credit by 2007, neatly encapsulates the lunacy."
Boom, Bust, Repeat
"A single entry from the Irvine Housing Blog, which shows how a person in January 2005 bought a $1.157 million house with $270 down, refinanced with a funky teaser-rate mortgage and then proceeded to open up a $491,000 home equity line of credit by 2007, neatly encapsulates the lunacy."
Boom, Bust, Repeat
IrvineRenter_IHB
New member
morekaos said:
I remember giving them permission to use the post, and I didn't realize the book was going to be a big deal. I will have to get a copy.
No_Such_Reality_IHB
New member
States consider more intrusive ways of raising taxes.
Oregon looks to tax miles driven via GPS.
States clamor for pork. Er, I mean their slice of the stimulus plan.
Cash Poor States await plan
Oregon looks to tax miles driven via GPS.
States clamor for pork. Er, I mean their slice of the stimulus plan.
Cash Poor States await plan
zovall_IHB
New member
Very cool! I've been a fan of his other works, so I'll definitely have to check it out!
<rant>Why does the media (this article and numerous ones from the OCR as well as other media) fail to link us when they mention IHB?!?</rant>
<rant>Why does the media (this article and numerous ones from the OCR as well as other media) fail to link us when they mention IHB?!?</rant>
morekaos_IHB
New member
IrvineRenter said:
Hey IR, Which post was it exactly?
zovall_IHB
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profette_IHB
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Now, if we can just get the NY Times book review to feature the Great Housing Bubble...