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


To: tejek who wrote (263072)7/22/2010 1:41:35 PM
From: Jim McMannisRead Replies (3) | Respond to of 306849
 
When you can borrow for zero % and loan out at 5-6-7% it's not that hard to show a profit. Even if you have to absorb tons of foreclosures and short sales. Especially when backstopped by the taxpayer. Of course they are stealing interest from all the savers getting virtually nothing on their savings. All helped along by good 'ole Ben and the FED.



To: tejek who wrote (263072)7/22/2010 2:04:23 PM
From: Les HRead Replies (2) | Respond to of 306849
 
They have great discretion as to how to report losses.

After all this QE distortion of prices, they still need suspension of mark to market.



To: tejek who wrote (263072)7/23/2010 8:19:37 AM
From: RetiredNowRead Replies (6) | Respond to of 306849
 
I'm noticing the spin machine is going into overdrive heading into the Nov elections. I'm 100% sure we're going to hear how incredibly beautiful and great this recovery is and the stock market will make amazing gains in the next month on zero volume to prove it. Everyone will be in a happy delirium, until economic reality hits again.