Headlines...

NEW -> Contingent Buyer Assistance Program
From the article cited by Anonymous:

"Employment is still strong and plenty of folks who have the desire and the means to buy aren't doing it. Why? For most of us, buying a home is the biggest investment we'll ever make. Would you buy a house when everyone is telling you that home prices are headed down? Me neither. But the demand isn't going away. The ready and willing buyers are waiting for a signal that home prices have stabilized. Everybody wants a bargain, and many will rush to buy if they think that prices are headed back up. That signal could come early next year."

This statement qualifies as my candidate for the "stupidest unsupported opinion cast as fact/evidence statement made by a non-realtor" of the year award.
 
"That signal could come early next year"

Anything is possible. You could win the lottery. We could have an earthquake today. IR could buy a house today. Liv Tyler could call me on the phone. And that signal could come early next year.
 
Hey, the Mega Millions jackpot drawing is tonight. If IR had a ticket and won $75,000,000, I don't think he'd care about losing half the value of a Woodbury mansion - he'd just go and buy one
 
If I had millions of dollars I'd rent a freakin palace for 10k a month and spend 360k in 3 years on rent but buy that 4 mil home in Newport Coast for 3 million at that time and save a bundle. In addition I saved on outrageous property tax!

I don't care how much mula you have, if you are buying a house right now you are over-paying. And your RE tax basis will rape your wallet.
 
It's all relative. A Starbucks latte is a rip off too. Doens't mean drinking one would break the bank for most people.

With that kind of money, 1.5 million for a house would be pocket change.
 
IC's citing of Anon's referenced article:

"The ready and willing buyers are waiting for a signal that home prices have stabilized. Everybody wants a bargain, and many will rush to buy if they think that prices are headed back up. That signal could come early next year."

Sounds like the pent up demand argument, eh?

SCHB
 
Citibank is the only card I have I'm unhappy with. Their rates suck and they send me balance transfer checks literally 3 times a week.

I have a Chase Freedom card and like it very much. 3% for gas, fast food, and groceries. 1% for everything else.
 
I just posted in the CW thread.....

I am on a conference call and some of the big wigs mentioned that CITI was going to break apart into different pieces....developing
 
Wow.

Anybody know of a bank that is not stuffed with toxic mtges? I need to know because a client who is a guardian needs to split up money into FDIC insured accounts. I can tell her some names not to choose, but not prudent banks' names.

(you can tell this is the real lawyerliz because I knew to put the apostrophe after the s in "banks'"
 
lm-

any more news? and do you think this is an effort to let one future division die a painful death while the rest escape to live on as individual companies?
 
Isn't this fraud of some sort?

And I'd prefer not to rely on FDIC, but reward a prudent bank. Moral hazard, remember?

If I were a "partitioned" creditor, I'd want to go after the rest of the company.
 
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