Headlines...

NEW -> Contingent Buyer Assistance Program
<p>From the article cited by Anonymous:</p>

<p>"Employment is still strong and plenty of folks who have the desire and the means to buy aren't doing it. Why? For most of us, buying a home is the biggest investment we'll ever make. <strong>Would you buy a house when everyone is telling you that home prices are headed down? Me neither. But the demand isn't going away. The ready and willing buyers are waiting for a signal that home prices have stabilized. Everybody wants a bargain, and many will rush to buy if they think that prices are headed back up. That signal could come early next year.</strong>"</p>

<p>This statement qualifies as my candidate for the "stupidest unsupported opinion cast as fact/evidence statement made by a non-realtor" of the year award.</p>

<p> </p>
 
<p><em>"That signal could come early next year"</em></p>

<p>Anything is possible. You could win the lottery. We could have an earthquake today. IR could buy a house today. Liv Tyler could call me on the phone. And that signal could come early next year.</p>
 
<p>Hey, the Mega Millions jackpot drawing is tonight. If IR had a ticket and won $75,000,000, I don't think he'd care about losing half the value of a Woodbury mansion - he'd just go and buy one </p>
 
<p>If I had millions of dollars I'd rent a freakin palace for 10k a month and spend 360k in 3 years on rent but buy that 4 mil home in Newport Coast for 3 million at that time and save a bundle. In addition I saved on outrageous property tax!</p>

<p>I don't care how much mula you have, if you are buying a house right now you are over-paying. And your RE tax basis will rape your wallet.</p>
 
<p>It's all relative. A Starbucks latte is a rip off too. Doens't mean drinking one would break the bank for most people.</p>

<p>With that kind of money, 1.5 million for a house would be pocket change.</p>
 
<p>IC's citing of Anon's referenced article:</p>

<p><strong>"The ready and willing buyers are waiting for a signal that home prices have stabilized. Everybody wants a bargain, and many will rush to buy if they think that prices are headed back up. That signal could come early next year."</strong></p>

<p>Sounds like the pent up demand argument, eh?</p>

<p>SCHB</p>
 
<p>Citibank ready to implode:</p>

<p><a href="http://biz.yahoo.com/rb/071102/citigroup_boardmeeting.html">biz.yahoo.com/rb/071102/citigroup_boardmeeting.html</a></p>

<p>Citibank cannot go down, I have a bunch of Thankyou points!!!! I actually really like their credit cards.</p>
 
Citibank is the only card I have I'm unhappy with. Their rates suck and they send me balance transfer checks literally 3 times a week.





I have a Chase Freedom card and like it very much. 3% for gas, fast food, and groceries. 1% for everything else.
 
<p>I just posted in the CW thread.....</p>

<p>I am on a conference call and some of the big wigs mentioned that CITI was going to break apart into different pieces....developing</p>

<p> </p>
 
Wow.



Anybody know of a bank that is not stuffed with toxic mtges? I need to know because a client who is a guardian needs to split up money into FDIC insured accounts. I can tell her some names not to choose, but not prudent banks' names.



(you can tell this is the real lawyerliz because I knew to put the apostrophe after the s in "banks'"
 
<p>lm-</p>

<p>any more news? and do you think this is an effort to let one future division die a painful death while the rest escape to live on as individual companies?</p>
 
From the WSJ - <a href="http://online.wsj.com/article/SB119403363814780742.html?mod=hpp_us_whats_news">Prince to Resign on Sunday</a>
 
<p>Isn't this fraud of some sort?</p>

<p>And I'd prefer not to rely on FDIC, but reward a prudent bank. Moral hazard, remember?</p>

<p>If I were a "partitioned" creditor, I'd want to go after the rest of the company.</p>
 
You must log in or register to reply here.
Back
Top