11/02/2007 9:25:36 AM PDT
· 19 of 24 12B
to LurkingSince'98
OK, I retract the bit about saving the haousing market. But it might be enough to help save the CDO/MBS/ABS markets which threaten to destroy the housing market completely if they get any worse.
11/02/2007 9:17:59 AM PDT
· 17 of 24 12B
to LurkingSince'98
5% of 20 million is 1 million. Assuming they all bought a new home with 20% down - they still would not wipe away the current overhang of unsold real estate.
That is correct. But when you're teetering on the edge, it's all about momentum.
11/02/2007 9:16:16 AM PDT
· 16 of 24 12B
to Sonora
Stupid idea! The down payment is the issue that caused a huge part of this problem in the first place - actually the lack thereof. If Americans cannot come up with downpayments, how can illegals? Besides, Im thinking that more than a few people that purchased houses in the last year or two are illegals and didnt put down anything. Im happy that you are not running this country.
The problem is that we gave credit to uncreditworthy people who weren't putting up downpayments for the most part. I don't understand your logic. A buyer who can put upp a solid downpayment is exactly what the market craves. Also, many would likely enter the housing segment most hard hit by defaulters. Voila!
11/02/2007 9:12:25 AM PDT
· 12 of 24 12B
to TruthShallSetYouFree
If 20Mn is correct, there will always be some with enough wherewithal to move from renter to owner as soon as they’re legal. 20 Mn is a lot of renters. If 5% of them could manage the jump we’d be giving citizenship to the most industrious of the bunch and potentially thwarting a housing bust at the same time.
11/06/2006 6:14:45 AM PST
· 4 of 5 12B
to jimnesfield
You can pretty much assume that what Soros and Buffet say is their position is not necessarily what their real position is. Typically "I'm short Dollars" means "I went short Dollars two months ago and now I'm talking my book in the hopes that suckers will sell it down so I can buy them." Don't be a sucker.
10/15/2006 12:42:21 PM PDT
· 19 of 91 12B
to kellynla
I get around 50 mpg with my smart (European queer-mobile). I also save around $250 a month in parking fees which is what it costs in central Frankfurt. All told I'm saving around $500 a month vs my old gas-burning VW Golf.
Agree with above on the VW TDI Diesel engines. You get super mileage and the cars will run forever if you change the oil properly.
10/10/2006 2:40:35 AM PDT
· 3 of 62 12B
to TigerLikesRooster
Who really thinks they could mount one of these on an ICBM and hit a US target? I guess the real issue is, the guy is definitely crazy enough to proceed with the test when they don't know what their doing.