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Preview: Comments on: ?A Continuation Of The Nasty Cycle? For Las Vegas

Comments on: “A Continuation Of The Nasty Cycle” For Las Vegas



Examining the home price boom and its effect on owners, lenders, regulators, real estate agents and the economy as a whole.



Published: Mon, 25 Sep 2017 06:36:30 +0000

 



By: Norcalray

Sun, 19 Nov 2006 21:03:26 +0000

Some of these CEO's are real big time crooks and probably should be shot for white collar crime. Use a gun and maybe you can rob 5 people before getting caught. White collar criminals can rip off 1000's of people, pay a fine and go ahead enjoy the fruits of their crime (yacht, vacation homes, girlfriends). Congress won't pass laws as their friends are tied into all these financial crimes.



By: jbunniii

Sun, 19 Nov 2006 20:59:35 +0000

Even if you go to infinite mortgages (pay interest only forever), we're close to the limit of affordability for most people. Your typical shitbox in SoCal at $600k costs $3250/month assuming 6.5% interest and no principal repayment. How many people in SoCal can actually afford that, let alone would want to when it amounts to renting, and genuine renting is much cheaper without any of the risk.



By: jbunniii

Sun, 19 Nov 2006 20:56:26 +0000

I would never lend money to someone who wouldn't be able to get a bank loan. And if they could get a bank loan, why do they need me? In short, I don't lend money to anyone. Least of all family, friends, or acquaintances who will be the first to plead for leniency when they can't repay.



By: jbunniii

Sun, 19 Nov 2006 20:50:31 +0000

Well, you can't eat a house. One could equally well pose the question: if you're never going to sell a house (or other investment), who cares whether it's appreciating or not? What's the point of holding anything as an investment if you don't eventually plan to sell?



By: Karen

Sun, 19 Nov 2006 20:06:40 +0000

I would guess it depends on the housekeeping of the seller.



By: downSide

Sun, 19 Nov 2006 17:47:32 +0000

I'm waiting for the mortgage lender who offers to pay your mortgage till you can sell at a profit loan.



By: downSide

Sun, 19 Nov 2006 17:38:08 +0000

The interesting part is is that the end game is deflation. They'll have to raise rates when stress gets put on the dollar. Already happening...



By: yogurt

Sun, 19 Nov 2006 13:19:17 +0000

Yes but it's one thing to have the "stealth" devaluation of the US$ that has been going on since the 1970's, and another for the Fed to trash the currency within a year or two in a vain attempt to save housing. The effects of the latter would be incalculable. The very best the Fed can achieve is a "soft landing" for the US$, i.e. a continued slow devaluation that will not cause the world to abandon the currency overnight.



By: Gekko

Sun, 19 Nov 2006 12:46:16 +0000

-- -- Why no prosecution/penalty under Sarbanes-Oxley? http://www.nysscpa.org/cpajournal/2005/405/perspectives/p6.htm



By: tj & the bear

Sun, 19 Nov 2006 08:25:54 +0000

yogurt / ssbg, Those things are going to happen regardless. Game it out... all paths lead to the same destination.



By: Norcalray

Sun, 19 Nov 2006 07:52:08 +0000

She might be on the flyers!!



By: ajh

Sun, 19 Nov 2006 07:41:33 +0000

I can but agree.