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2005 Apr 11, 5:00pm 187,720 views 117,730 comments
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anotheraccount
2016 Nov 23, 2:37pm
S&P: All-time High
Dow: All-time High
Russell 2000: All-time High
MidCap 400: All-time High
Happy Thanksgiving 🦃
Don't forget
Home ownership rate lowest in 50 years
Rents super high relative to income
Health insurance most unaffordable ever
Continuing on the path to Feudalism
Logan I know you're smart as hell. No offense. There were geniuses before you who were wrong! You sound like one
anotheraccount
2016 Nov 23, 2:43pm
Home ownership rate lowest in 50 years
Rents super high relative to income
Health insurance most unaffordable everContinuing on the path to Feudalism
May get there faster if Trump turns out be a regular "supply-side" BS Republican.
Heraclitusstudent
2016 Nov 23, 2:51pm
We all need to admit that women and men are not the same.
Starting with feminists.
_
2016 Nov 23, 2:54pm
Home ownership rate lowest in 50 years
You're talking to a guy who has said for years the real home ownership rate is between 62.2% - 62.7% for years now ... we got to 62.9% and currently at 63.5%
https://loganmohtashami.com/2016/07/28/homeownership-rates-fall-again/
But still first time home buyers make up 50% of the activity today.. that is what we call demographics son
You guys on this site are way to extreme left and right ... lack discipline .
Never seen such miserable people outside the Russian Trolls ... they have a excuse to miserable
Strategist
2016 Nov 23, 3:53pm
Home ownership rate lowest in 50 years
More than 50% own their own homes.
America is the most housed nation in the world.
Trump will make loans easier to get.
Enjoy the holidays, good times are right round the corner.
anotheraccount
2016 Nov 23, 4:06pm
Trump will make loans easier to get.
The same way Bush did which resulted in the biggest housing bubble/crash?
I am curious why all of sudden Republicans don't care about debt growth anymore. It was the biggest topic of 2010 Republican campaign.
_
2016 Nov 23, 4:10pm
The same way Bush did which resulted in the biggest housing bubble/crash?
Lending standards won't ease .. I promise you that.. any over lay changes will be minor in nature, QM CFPB is protected and banks if they wanted to could allow any loan they want, they just won't have any legal protection.
Housing will grow only on demand growing not by exotic loans or lying on any application. Those days are done! #USA and we are stronger as a nation for it
Strategist
2016 Nov 23, 4:18pm
Lending standards won't ease
Wanna bet?
Housing will grow only on demand growing not by exotic loans or lying on any application. Those days are done! #USA and we are stronger as a nation for it
Lending conditions are too tight. They are suffocating the housing industry. If we don't ease up, we will have higher home prices, less building, higher rents, and higher mortgage payments for the first time buyers.
Strategist
2016 Nov 23, 4:19pm
Trump will make loans easier to get.
So far at higher rates.
Homes are still affordable in most of the nation. California first time buyers are screwed.
anotheraccount
2016 Nov 23, 4:36pm
Homes are still affordable in most of the nation. California first time buyers are screwed.
That's true. CA home ownership rate is only 54%. Higher rates will not help here.
Strategist
2016 Nov 23, 4:43pm
Homes are still affordable in most of the nation. California first time buyers are screwed.
That's true. CA home ownership rate is only 54%. Higher rates will not help here.
Another missed opportunity by those expecting a crash. Buying a home anytime in the last 6 years would have been profitable. The next 4 years will be profitable too, but the stubborn pessimists will still not get it.
_
2016 Nov 23, 4:44pm
Wanna bet?
100% will bet, under no legal jurisdiction can the Qualified Mortgage be over turn.
They will never bring back stated income for wage earners or option arm loans for stated income.. all that is done with.
Legal ramifications of any bank to give loans out to people who can't afford them.. no money in it and all it can do is bring massive fines and possible jail time
Strategist
2016 Nov 23, 4:47pm
Wanna bet?
100% will bet, under no legal jurisdiction can the Qualified Mortgage be over turn.
They will never bring back stated income for wage earners or option arm loans for stated income.. all that is done with.
HA ha ha. Stated income, regardless of credit is already available with 50% down.
East West Bank
Cathay Pacific Bank
_
2016 Nov 23, 4:50pm
HA ha ha. Stated income, regardless of credit is already available with 50% down.
Under no legal structure will Q.M. be absolved
Any bank can give any loan they want... but they will have no legal protection.
anotheraccount
2016 Nov 23, 4:50pm
The next 4 years will be profitable too, but the stubborn pessimists will still not get it.
Considering selling mine in the spring and putting proceeds in CA munis.
Strategist
2016 Nov 23, 4:54pm
The next 4 years will be profitable too, but the stubborn pessimists will still not get it.
Considering selling mine in the spring and putting proceeds in CA munis.
How can you expect prices to go down in the middle of a severe shortage? The only question is, how much will homes appreciate by. I was expecting 10%+ in OC in 2016, but sadly we are only getting 6%.
I'm expecting 2017 will be much higher.
Strategist
2016 Nov 23, 4:56pm
HA ha ha. Stated income, regardless of credit is already available with 50% down.
Under no legal structure will Q.M. be absolved
Any bank can give any loan they want... but they will have no legal protection.
Who cares about legal protection to the banks. The banks have 50% protection in collateral, which is far more desirable.
_
2016 Nov 23, 4:59pm
Who cares about legal protection to the banks. The banks have 50% protection in collateral, which is far more desirable.
Freddie, Fannie, FHA, VA and other banks who procedure almost all the loans in America don't offer that product
It's a collateral loan that rich people do
How many people in America can put 50% down? Barely have 3.5%
Lending under government mandate will not absolve QM
Your loan is a very small portion of the total product line
_
2016 Nov 23, 4:59pm
That's all that matter, the system is not protected from the corrupt and nobody will ever bring back those horrible loans ever again.
End of story
Heraclitusstudent
2016 Nov 23, 5:08pm
The next 4 years will be profitable too, but the stubborn pessimists will still not get it.
Home prices going up is bad.
You are the pessimist.
anotheraccount
2016 Nov 23, 5:23pm
I'm expecting 2017 will be much higher.
Rates dropped this year all the way to mid September helping house prices. Now they are almost 1% from this year's lows (1.38 on the 10 year treasury in July, and as high as 2.40 today). I think it will have negative effect on the prices next year.
Strategist
2016 Nov 23, 5:29pm
The next 4 years will be profitable too, but the stubborn pessimists will still not get it.
Home prices going up is bad.
You are the pessimist.
I'm biased because I have a bunch of properties. At the same time I want everyone who wants a home, to have a home.
Strategist
2016 Nov 23, 5:31pm
I'm expecting 2017 will be much higher.
Rates dropped this year all the way to mid September helping house prices. Now they are almost 1% from this year's lows (1.38 on the 10 year treasury in July, and as high as 2.40 today). I think it will have negative effect on the prices next year.
That's a significant jump in rates. I still think California home prices will take a large jump. The affordability indexes are no where near the lows.
MisdemeanorRebel
2016 Nov 23, 7:22pm
America is the most housed nation in the world.
Romania. India and Brazil are also have a higher percentage of ownership than the US by far.
https://en.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate
Want to know why Romania and much of Eastern Europe is so high? Many allowed their residents to take possession of the place they were living under Communism.
Many allowed their residents to take possession of the place they were living under Communism.
Many did own their residences under communism. That is how they survived after its fall.
Gary Anderson
2016 Nov 23, 8:30pm
I'm still trying to get raped by Middle School teachers.
Maybe you should join the PTA. :)
S&P: All-time High
Dow: All-time High
Russell 2000: All-time High
MidCap 400: All-time High
Happy Thanksgiving 🦃
Yep - but its all banks and energy stocks for the most part. So unless you were on those...your portfolio may not look as great as the all time high message sounds.
And the question remains...will this rally hold? What do you think Logan?
_
2016 Nov 24, 4:50am
So unless you were on those.
Ticker symbol MASI ... All time high is week ;-) , actually sold some more this weekSubOink says
What do you think Logan?
Breath early on wasn't good here, obviously banks who have been under performing got a lift on theory only. You can make a case that bank margin interest has bottomed
NYSE 52 weeks highs I think running over 500 now, that a high we haven't seen since 2013
All yields are rising together ... Next point line I am looking at on our 10's is over 2.50% now
It's a bit over done short term
As always, economic cycle data matters, when due margins get pressured to the point where top line revenue really needs to kick in.
The big difference between this last cycle and now is that we are running into a stronger demographic patch
Y
2016 Nov 24, 4:58am
This is damning evidence...
They will never bring back stated income for wage earners or option arm loans for stated income.. all that is done with.
Strategist says: HA ha ha. Stated income, regardless of credit is already available with 50% down.
East West Bank
Cathay Pacific Bank
_
2016 Nov 24, 5:04am
This is damning evidence...
Big difference between traditional GSE, FHA, VA loans and then these Non QM loans.
We had access to bank statement loans with 30% down, the ability of people to do these loans are very very small. In fact they were the real 1% of society.
Stated income loans, option arm, 40 year amortization loans have been banned only on getting legal protection ....
We have access to interest only loans, but they're based on the capacity to own the debt on a 20 year amortization payment
These are rich man's loans that very few people can do
In that debate I had on housing finance at the conference... I let the lords of facts shoot down on those who said lending is tight for poor cash flow Americans
We will never forget the horror of loose lending in this country and will fight it to the gates of Hell
_
2016 Nov 24, 5:23am
Being a Met coal guy, the rise in steel is the most glaring thing I have seen in this recent time
Ticker symbol MASI ... All time high is week ;-) , actually sold some more this week
you don't sound convinced that it will continue to run...
_
2016 Nov 24, 1:50pm
you don't sound convinced that it will continue to run...
Sold 4,490 shares and have 4,500 left, this stock has done a lot better than I thought.
I am working on a point that I would pull the trigger to buy again.. So far only one chance I had this year and I bought at 37.84
No real pull back outside the start of the year
I do buy a tad each month for the long term portfolio, I could care less where it's at now for that portfolio which Is still 25 years away from being touched
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