LeftLiberalSoCal (July 20, 2008 at 7:44 am)

Banks are in the renting industry?

PhuckHue2 (June 30, 2008 at 3:08 am)

the rich are making a killing with all the foreclosures. they are buying everything and renting them out

zenithomega19 (June 29, 2008 at 4:43 am)

mortgage, it's called SARCASM. idiot

Thunderwavia (June 26, 2008 at 1:07 am)

You could buy some high quality diamonds as a form of wealth protection. Gold and silver is heavy, and may be confiscated, but high quality diamonds! Once the Sh$t hits the fan, hyperinflation and all that crap. No value in a paper fiat currency, and real estate. So, consider buying a few high quailty diamonds. During a credit housing crash, real assets, especially diamonds would rise. Also they are easy to carry, say during mass social unrest in starving cities, you can also swollow them.

dispatches67 (June 21, 2008 at 3:35 am)

Mr Mortgage - You back up your analysis with pretty solid stats, and the Irvine blog, although anecdotal, shows that once was blue ribbon california real estate, going into a tailspin. In Calgary, we're seeing tightening credit and the effect of rising oil prices (gas approx $5.50 CDN a gallon) softening the real estate market - and this is "the" bubble "oil" economy of Canada. In other words, the real estate market is suffering globally. I'm saving and waiting. Andrew

stinkypoon (June 20, 2008 at 1:18 pm)

mortgagetrader, your sarcasm detector is broken you twit.

sheiki22 (June 20, 2008 at 6:30 am)

When will those discounts come to the northeast??? The prices are still too high there.

mortgagetrader (June 20, 2008 at 1:28 am)

bdrasin Did they call you "The Scarecrow" as a kid, or just as an adult? Read my post a few down from yesterday. At least we agree on one thing. Spelling and grammer is another matter... "Your a smart guy"? How about "You're a smart guy"? Too bad neither the Dorothy or the Scarecrow are "well informed"... My advice to you both: 1) Follow the Yellow Brick Road 2) Watch out for flying monkeys 3) Be very afraid once you get to Oz. M-Trader

bdrasin (June 19, 2008 at 4:29 pm)

Your a smart guy and well informed, so it really shocks me that you would say this. This is like a recovering junkie in the shakes of withdrawl says "just give me one more dose, problem solved...". The exotic loans don't actually make places more affordable, they just allow you to pretend that you can afford it for a few years.

Repomex01 (June 19, 2008 at 2:28 pm)

Yeah I guess I should have did my salary X 5 and stated no doc back in 04 my exotic loan in your exclusive gated "hood" would be waaaayyyyyyy upside down.. DAMN I wish I had your Investment Banker grade I.Q.,., ,, my sister is a realtor and her husband is ,, Im sorry used to be,, No used to own a Mortgage (middleman broker) company , he now sells cars she cuts hair