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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (150303)	9/25/2008 3:38:54 PM
From: Johnny_Blaze_420	Read Replies (1) \| Respond to of 306849

the price they pay for the asset has no direct correlation to the property taxes collected on the house the loan was made on. Value of property is $10M. Loan was $9M. I but the loan for $5M. Property taxes are still based on the $10M value until they get revised down or the actual house is sold. again, two seperate issues in my mind. The spread on 5-45 is based on the various tranchers, and yes it really is that wide, if not wider in my mind. The problem i see is not the spread, but if the Treasury takes a blanket approach to all the assets, ie pay 65 cents for the 5 cent piece.