Comments on: “Don’t blame exotic loans for the housing malaise” http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/ Mortgage insiders view on mortgages, real estate, debt, and the housing bubble. site by SoCalMtgGuy, author of - Another F@CKED Borrower Wed, 23 Jul 2008 18:37:49 +0000 http://wordpress.org/?v=2.0.5 by: RINYUDUW1 http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-78635 Sat, 30 Dec 2006 03:33:50 +0000 http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-78635 Array Array

]]> by: speedingpullet http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-29120 Fri, 22 Sep 2006 15:57:28 +0000 http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-29120 I've also become a fan of "million dollar listings", and watched that particular episode closely.....sort of like watching a train wreck in slow motion! I have to say I found it odd that that lady with the set-in-concrete $2.995 million pricetag so easily cowed the normaly formidable Scotty Brown. Still, I guess when you're faced with that kind of stubborness, its just easier to let them hang themselves with thier own rope. Anecdotally, I'm tracking a few places in Malibu (I have a notion that the MDL place is one of them) and am seeing the same mentality shining through in many of the listings - places priced at double what they were a couple of years ago, and 100+ days on market with no price reductions. My guess is that the really expensive areas of L.A will just follow the market down, harder and more stubbornly than other less 'toney' areas. Still, I suppose if you've invested your entire portfolio on a massively expensive 'house in the hills' you'll do anything to come out of the deal with more cash than you went in with, no matter how long you have to wait. Still you have to wonder how much slack even the very rich can carry for 1,2 and even 3 years before finally getting rid of the albatross around thier necks. Interesting times, indeed. I’ve also become a fan of “million dollar listings”, and watched that particular episode closely…..sort of like watching a train wreck in slow motion!

I have to say I found it odd that that lady with the set-in-concrete $2.995 million pricetag so easily cowed the normaly formidable Scotty Brown. Still, I guess when you’re faced with that kind of stubborness, its just easier to let them hang themselves with thier own rope.

Anecdotally, I’m tracking a few places in Malibu (I have a notion that the MDL place is one of them) and am seeing the same mentality shining through in many of the listings - places priced at double what they were a couple of years ago, and 100+ days on market with no price reductions.

My guess is that the really expensive areas of L.A will just follow the market down, harder and more stubbornly than other less ‘toney’ areas.

Still, I suppose if you’ve invested your entire portfolio on a massively expensive ‘house in the hills’ you’ll do anything to come out of the deal with more cash than you went in with, no matter how long you have to wait. Still you have to wonder how much slack even the very rich can carry for 1,2 and even 3 years before finally getting rid of the albatross around thier necks.

Interesting times, indeed.

]]> by: gregg http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-29010 Fri, 22 Sep 2006 06:02:12 +0000 http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-29010 “Wells Fargo CEO Dick Kovacevich said Monday that the nation’s housing slowdown is a positive development. ‘We were getting into bubble territory,’ Kovacevich said. ‘As everyone knows, when a bubble bursts, the smaller the bubble, the better it is.’” Yup, good thing we never quite reached a bubble, yet alone a big one. Couldn't agree with you more, Mr. Aptly Named. “Wells Fargo CEO Dick Kovacevich said Monday that the nation’s housing slowdown is a positive development. ‘We were getting into bubble territory,’ Kovacevich said. ‘As everyone knows, when a bubble bursts, the smaller the bubble, the better it is.’”

Yup, good thing we never quite reached a bubble, yet alone a big one.

Couldn’t agree with you more, Mr. Aptly Named.

]]> by: need 2 leave ca http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-29004 Fri, 22 Sep 2006 05:38:15 +0000 http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-29004 So Cal - great to have you back here. Your blog has been awesome, and a great learning tool. Look forward to more. So Cal - great to have you back here. Your blog has been awesome, and a great learning tool. Look forward to more.

]]> by: Got A Watch http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-29002 Fri, 22 Sep 2006 05:32:55 +0000 http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-29002 Using Firefox 1.5.0.7 the color does look a little pale on my Sony Trintron monitor - its readable, but tends to cause eye-strain. Lou Minatti probably needs to adjust his brightness/contrast, or is using an LCD which displays the background more washed out (I find LCD monitors are not good for reading print, unless you have a really expensive one). You might want to try a new color scheme, the orange letters on the pale beige background are giving me a headache. Using Firefox 1.5.0.7 the color does look a little pale on my Sony Trintron monitor - its readable, but tends to cause eye-strain. Lou Minatti probably needs to adjust his brightness/contrast, or is using an LCD which displays the background more washed out (I find LCD monitors are not good for reading print, unless you have a really expensive one). You might want to try a new color scheme, the orange letters on the pale beige background are giving me a headache.

]]> by: arroyogrande http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-28999 Fri, 22 Sep 2006 04:52:47 +0000 http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-28999 Every single piece of "refinance now" junk mail I currently get (maybe once every two weeks) is for an Option-ARM. The most recent ones have NO information on interest rates or neg-am consequences on the front page; just all of the advertising fluff concerning 'how *low* your monthly payments could be'. You have to read the fine print on the back (and squint real hard) to see what sort of trouble you could get into with these loans. I'm amazed that not more people are getting tricked into these...maybe word is getting out? Every single piece of “refinance now” junk mail I currently get (maybe once every two weeks) is for an Option-ARM.

The most recent ones have NO information on interest rates or neg-am consequences on the front page; just all of the advertising fluff concerning ‘how *low* your monthly payments could be’.

You have to read the fine print on the back (and squint real hard) to see what sort of trouble you could get into with these loans.

I’m amazed that not more people are getting tricked into these…maybe word is getting out?

]]> by: jacindc http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-28997 Fri, 22 Sep 2006 04:48:45 +0000 http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-28997 No, don't do nested comments, they make it a pain to read comments when you come back multiple times to a comment thread, you have to plow through stuff you've already read instead of just scrolling to the bottom! (oh, and welcome back :-) ) No, don’t do nested comments, they make it a pain to read comments when you come back multiple times to a comment thread, you have to plow through stuff you’ve already read instead of just scrolling to the bottom!

(oh, and welcome back :-) )

]]> by: Peter http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-28959 Fri, 22 Sep 2006 02:09:48 +0000 http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-28959 Instead of > OC Register article was right with his article: “Don’t blame exotic loans for the housing malaise” it should have been > OC Register article was right with his title: “Don’t blame exotic loans for the housing malaise” The rest of my posting from September 20th, 2006 17:54 was as I intended. Instead of
> OC Register article was right with his article: “Don’t blame exotic loans for the housing malaise”

it should have been
> OC Register article was right with his title: “Don’t blame exotic loans for the housing malaise”

The rest of my posting from September 20th, 2006 17:54 was as I intended.

]]> by: Bubble Butt http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-28948 Fri, 22 Sep 2006 01:17:45 +0000 http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-28948 Hey Socal: Got this from Ben's blog...... Pretty much summarizes the speculation and loan fraud you have been talking about.... About a 24 year old guy with several homes. Check it out. http://iamfacingforeclosure.com/24/honest-for-sale-by-owner-sign Hey Socal:

Got this from Ben’s blog……

Pretty much summarizes the speculation and loan fraud you have been talking about….

About a 24 year old guy with several homes. Check it out.

http://iamfacingforeclosure.com/24/honest-for-sale-by-owner-sign

]]> by: SoCalMtgGuy http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-28926 Thu, 21 Sep 2006 23:35:25 +0000 http://housingbubblecasualty.com/dont-blame-exotic-loans-for-the-housing-malaise/#comment-28926 Suzanne, I will see what I can do with the plugins. I worry more about screwing things up since I am not a html/website expert...but I will give it a shot. Thanks! SoCalMtgGuy Suzanne,

I will see what I can do with the plugins. I worry more about screwing things up since I am not a html/website expert…but I will give it a shot.

Thanks!

SoCalMtgGuy

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