| Quant HF Mgr
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Registered Oct 10, 2009
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Quant HF Mgr's most recent comments:
- On 5 Sep 2011
in
Osama bin Laden home worth far less than US claimed,
Quant HF Mgr said:
Oh and I meant to add...this comment is both hilarious and very prescient:
"Maybe that's the assessment from a satellite. But here on the ground, that's the price."
He could have been talking about millions of homeowners in the U.S. - comparing their spaced-out "satellite" estimates of their homes...with the reality "on the ground" actual prices.
Classic! - On 30 Aug 2011
in
Let's tell Obama we do NOT want to restore bubble prices,
Quant HF Mgr said:
Of course he's that stupid - his advisor Tim Geitner used a toxic mortgage to buy his house. He's the last one that should be giving advice about how to fix the real esate market. - On 29 Aug 2011
in
Young couple with $783k debt,
Quant HF Mgr said:
Imagine if this couple - no, all couples - and individuals - had to have 20% down before being able to finance a conventional mortgage. If that were the case, articles and stories like this would cease to exist.
What if you are white collar and can't save 20% for a down payment? Then it is one of two things:
1) You are trying to bite off much more than you can chew, financially speaking. Change your plans. You are not financially fit enough to "own" a mortgage.
2) Bubble prices are still ruling the marketplace where you are trying to buy.
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