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

To: ChanceIs who wrote (237324)	2/1/2010 12:30:09 AM
From: Perspective	Read Replies (2) \| Respond to of 306849

It's simply stunning to me, this one - it acts as if there hasn't been any problem at all with CRE. Trades right near all time highs: finance.yahoo.com I'm still grumbling that everybody gives these guys a bye and pretends that somebody just gives them the buildings on the land - depreciation and amortization don't matter to the folks speculating in this turkey. I would agree, conditionally: in a real estate bull market. Absent ever-rising CRE prices, though, guess what? Depreciation of those buildings might matter after all. Not to worry, it's only half of their FFO... `BC

To: ChanceIs who wrote (237324)	2/1/2010 6:33:54 AM
From: TH	Respond to of 306849

Chancels, It's all a game gone very wrong. I'm taking some losses too, but they are manageable at this point. Bounce is probably coming, but I don't expect it to be significant unless the Dollar reverses (which is possible as 80 on the Dollar index approaches). The "talk" has limits, but I don't know what they are. Today we announce a 3.8 Trillion budget (based in part on tax revenue that will never materialize) with at least a 1.35 deficit (more like 1.8-1.9 if you actually count like an accountant). But, we will get some fluff from Obama about "cuts". I don't know what these cuts will be, but I do know they won't materialize in terms of an actually reduction. Something else will consume those cuts and more. WWI was absolutely horrific. I just finished, "The Lost City of Z", which is the story of Lt. Colonel Fawcett's quest for El Dorado. Nothing the horrible jungle could toss at him could shake this great explorer, but WWI did. At one point it was claimed he was using a Ouija board to confirm locations to shell. The Germans called the Battle of Somme, "the bath of blood". At least now we can kill people anywhere in the world with drones while sitting in an air conditioned bunker in Nevada. Progress I guess. GT TH

To: ChanceIs who wrote (237324)	2/1/2010 4:51:43 PM
From: bentway	Respond to of 306849

"I have a morbid fascination with WWI. All those poor souls standing in ditches, getting shelled, gassed and then "going over the top" to play in the machine gun fire." I've read several histories of WWI. It truly was a horrific war, which may only be exceeded in that by our own US civil war. One in particular on the battle of the Somme, when 200,000 on both sides died over four days. It was a time when technology clashed with tradition. You had calvary charges against machine guns and field artillery. Unbelievably, troops were ORDERED to go over the top and "march in line" into machine gun fire, and even more incredibly, they DID it! Early on, all the troops were volunteers.