|
PureBytes Links
Trading Reference Links
|
Add to that the appraisers who figured out how to inflate the appraisal so
the homeowner did not have to pay points.. so when the value of the home
goes below the mortgage... the yuppies walk away and the bank owns
them..... thats when you sit back and wait for the bank auctions........
they will come............... save your $$$$ homes will be avail for 40%
of today's value by yr 2005-2006
----- Original Message -----
From: "Ira Tunik" <irat@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, November 09, 2001 9:57 AM
Subject: Re: [RT] Debt
> The real-estate cycle is about every ten years. There was a bust in the
60s, the
> 70s and the 80s. Now maybe in the 2002s. The thing is that prices never
go down
> to were they were in the last cycle. Inflation takes care of that along
with
> 125% home loans. Are there any S&Ls left to go broke or does the Fed
ultimately
> hold all the paper once again? Oh! I almost forgot about all those
mortgage
> backed securities that the brokerage firms foisted upon the public once
again.
>
> Dorothy Carter wrote:
>
> > cycles have to play out... you can't trick them to speed up... it's like
> > asking a tulip to push through snow in order to bloom....... These
larger
> > cycles were in play before Bush became Pres. and prior to 911.......
with
> > large layoffs.. banks end up owning a lot of realestate.... in a few
yrs..
> > auctions at banks will be good fire sales...... have experienced this
cycle
> > before in Alaska back in early 80s.......... Now the post office bail
out
> > will be as costly as the airline bailout.... DEBT DEBT DEBT.. one
small
> > check from Uncle Sam won't last 1 month in the hands of those who need
it.
> > ----- Original Message -----
> > From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Friday, November 09, 2001 6:33 AM
> > Subject: Re: [RT] Debt
> >
> > > I read within the past few days that only 20% of the tax rebates were
> > spent,
> > > the rest went into savings and debt paydown. I suppose that if the
next
> > > package goes to those who have to spend it there will be spending but
> > > otherwise, from the standpoint of economic stimulus, looks like
another
> > > waste of the surplus.
> > >
> > > Earl
> > >
> > > ----- Original Message -----
> > > From: "Dorothy K. Carter" <dorothy.carter@xxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Thursday, November 08, 2001 4:17 PM
> > > Subject: Re: [RT] Debt
> > >
> > >
> > > > corp name...... and the corp calendar to float more debt
continues...
> > then
> > > > there is the consumer....... DEBT... DEBT .... DEBT......It not
just
> > the
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> > >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|