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Peter P
2006 Apr 11, 8:54am
Sounds like Peter P’s been reading some forbidden literature.
I am Patrick Killelea's "Bay Area Housing Crash Continues".
guys,
I'm going to post my first thread here. It'll be on post asking for thoughts on post-crash economics and job opportunities. Let me know that sounds okay.
Peter P
2006 Apr 11, 9:02am
I’m going to post my first thread here. It’ll be on post asking for thoughts on post-crash economics and job opportunities. Let me know that sounds okay.
Just post it. Never ask. Anything is better than "Huh?"
Peter P
2006 Apr 11, 9:15am
My daughter used to have a silly game with a crystal ball called “Ask Zandar,†perhaps we should question a crystal ball?
I have more faith in the stars.
Or perhaps a crystal ball called "Ask Zillow".
“homedeptor�???
Alright...So I mispelled a word..... "astrid"????
well, I thought you were intentionally trying to poke fun at somebody
"Yes, the tweakers have presented a problem for my friend in the trailer park biz.(or mobile home parks, as he calls them)"
In commercial lending we call them "Manufactured Home Communities"...
HARM, please delete the troll, mustly let them fester. "flowergirl" anyone that posts that maggot troll gibberish, ie, mls listings from SF should be shot. As we cannot shoot them, we can only delete them.
tanks.
"In commercial lending we call them “Manufactured Home Communitiesâ€â€¦"
FAB, I hope I don't come across as completely ignorant, but I'm curious what sort of interests lead to "mfgr home communities"? Given how hard it is to move the trailers around, this sort of split ownership seems like a bum deal, particularly for the trailer owners. They're placing their immobile property in a place and betting that the mfgr home community will continue to be affordable and will not be slated for more lucrative developments(which seems like an easy temptation given the low cost of preexisting infrastructure).
Are these places considerably cheaper to run compared to apartments and thus produce enough economic benefits for both the trailer owner and the trailer park owner?
Peter P
2006 Apr 11, 11:38am
Are these places considerably cheaper to run compared to apartments and thus produce enough economic benefits for both the trailer owner and the trailer park owner?
We should just make apartments more appealing. Why should they even have things like "on-site laundry facilities"? I thought it is the 21st century!
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1. Congress enacts/President signs new Tax Code into law (1997) subsidizing real estate speculation? Check.
2. Cabal of arrogant Fed bankers/Washington politicians/Brokerage firms ignore (or actively encourage) massive Dot.com stock bubble? Check.
3. Aforementioned stock bubble imploding in Fed's/Pol's faces (2000)? Check.
4. Extreme Fed/Pol fear of damage to the rest of the economy by ruptured stock bubble and willingness to flood economy with ultra-cheap credit (to inflate new bubble)? Check.
5. Massive GSEs market intervention, allowing private mortgage lenders to shift default risk from themselves onto taxpayers, FCBs & institutional investors (using the magic of MBS/CMOs)? Check
6. Complete erosion of lending standards, thanks to Fed's easy credit + GSE's MBS/CMO mortgage risk transfer? Check.
7. Cabal of arrogant Realt-whores enforcing monopoly MLS, gaming the numbers and lobbying for federal protection? Check.
8. Public's unshakable faith in the impregnability of real estate ("it never goes down")? Check.
9. Public's complete lack of historical memory, understanding of credit bubbles, the Fed/GSEs, business cycles, etc.? Check.
10. China/Japan underwriting much of our toxic MBS/CMO debt, while secretly hoping we fall on our asses? Check.
11. International carry-trade spawning RE bubbles all over the globe, thanks to ultra-cheap $USD ? Check.
HOUSING BUBBLE, YOU ARE CLEARED FOR TAXI
Discuss, enjoy...
HARM
#housing