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	<title>Comments on: S&amp;P Case Shiller Home Price Indicies</title>
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	<description>Real Estate, Economics, and Politics</description>
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		<title>By: Lowgrasysor</title>
		<link>http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-142395</link>
		<dc:creator>Lowgrasysor</dc:creator>
		<pubDate>Mon, 17 Dec 2007 18:58:15 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-142395</guid>
		<description>I’d prefer reading in my native language, because my knowledge of your languange is no so well. But it was interesting! Look for some my links:</description>
		<content:encoded><![CDATA[<p>I’d prefer reading in my native language, because my knowledge of your languange is no so well. But it was interesting! Look for some my links:</p>
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		<title>By: Lowgrasysor</title>
		<link>http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-140377</link>
		<dc:creator>Lowgrasysor</dc:creator>
		<pubDate>Fri, 07 Dec 2007 23:22:00 +0000</pubDate>
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		<description>I’d prefer reading in my native language, because my knowledge of your languange is no so well. But it was interesting!</description>
		<content:encoded><![CDATA[<p>I’d prefer reading in my native language, because my knowledge of your languange is no so well. But it was interesting!</p>
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		<title>By: PeaceNow</title>
		<link>http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138052</link>
		<dc:creator>PeaceNow</dc:creator>
		<pubDate>Wed, 28 Nov 2007 04:22:58 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138052</guid>
		<description>Clotpoll (239)
I used to equate Verizon with the devil, too, but that was before I experienced Cablevision. Now I search for more appropriate epithets.

Kettle1
Thanks for the info. Probably should&#039;ve added that I&#039;m a Mac person, and one with Vonage on top of that. Do tend to run iTunes radio all day, so glad you&#039;re not reporting frequent outages. That (at least twice a week), and a lot of tv screen pixillation is why I&#039;m switching.</description>
		<content:encoded><![CDATA[<p>Clotpoll (239)<br />
I used to equate Verizon with the devil, too, but that was before I experienced Cablevision. Now I search for more appropriate epithets.</p>
<p>Kettle1<br />
Thanks for the info. Probably should&#8217;ve added that I&#8217;m a Mac person, and one with Vonage on top of that. Do tend to run iTunes radio all day, so glad you&#8217;re not reporting frequent outages. That (at least twice a week), and a lot of tv screen pixillation is why I&#8217;m switching.</p>
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		<title>By: Essex</title>
		<link>http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138051</link>
		<dc:creator>Essex</dc:creator>
		<pubDate>Wed, 28 Nov 2007 04:06:54 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138051</guid>
		<description>Down on the Upside...man alive that was a favorite of mine. I used to listen to that on train into downtown Chicago from Lakeview all of the time...excellent.  

Saw Soundgarden at Lollapalooza in 94....was about 5 rows from the stage in 3 feet of mud when they went on....lost a freakin&#039; loafer...yes a loafer in the muck and someone handed it to me....hilarious.</description>
		<content:encoded><![CDATA[<p>Down on the Upside&#8230;man alive that was a favorite of mine. I used to listen to that on train into downtown Chicago from Lakeview all of the time&#8230;excellent.  </p>
<p>Saw Soundgarden at Lollapalooza in 94&#8230;.was about 5 rows from the stage in 3 feet of mud when they went on&#8230;.lost a freakin&#8217; loafer&#8230;yes a loafer in the muck and someone handed it to me&#8230;.hilarious.</p>
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		<title>By: RentinginNJ</title>
		<link>http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138050</link>
		<dc:creator>RentinginNJ</dc:creator>
		<pubDate>Wed, 28 Nov 2007 04:06:04 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138050</guid>
		<description>&lt;i&gt;From Citigroup Feels Heat To Modify Mortgages …

Ana Cecillia Marin, … earns $34,000 a year …She bought her house in 2005 for $385,000. By taking out a first and second mortgage, she was able to buy it for no money down&lt;/i&gt;

How can you possibly work out this mortgage so she can afford $385k in loans on a $34k salary?

Even if they dropped the interest rates to zero percent and Ms. Marin didn’t have to pay insurance &amp; taxes, she would still be paying more than 1/3 of her income on principle alone.    

At this point, I guess you stop paying and live rent free until the sheriff kicks you out. With all the foreclosures, maybe it will take a while for them to get to you.</description>
		<content:encoded><![CDATA[<p><i>From Citigroup Feels Heat To Modify Mortgages …</p>
<p>Ana Cecillia Marin, … earns $34,000 a year …She bought her house in 2005 for $385,000. By taking out a first and second mortgage, she was able to buy it for no money down</i></p>
<p>How can you possibly work out this mortgage so she can afford $385k in loans on a $34k salary?</p>
<p>Even if they dropped the interest rates to zero percent and Ms. Marin didn’t have to pay insurance &amp; taxes, she would still be paying more than 1/3 of her income on principle alone.    </p>
<p>At this point, I guess you stop paying and live rent free until the sheriff kicks you out. With all the foreclosures, maybe it will take a while for them to get to you.</p>
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		<title>By: mikeinwaiting</title>
		<link>http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138049</link>
		<dc:creator>mikeinwaiting</dc:creator>
		<pubDate>Wed, 28 Nov 2007 03:49:20 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138049</guid>
		<description>Kettle 245 How can they work that out she can&#039;t afford the first let alone the second.
Why would anyone buy a house over 10x their income.Even at 4% just the first doesn&#039;t work.Its a joke to expect the banks to fix this.Maybe they should give her the house &amp;
write it off!Would that make Paulson happy.</description>
		<content:encoded><![CDATA[<p>Kettle 245 How can they work that out she can&#8217;t afford the first let alone the second.<br />
Why would anyone buy a house over 10x their income.Even at 4% just the first doesn&#8217;t work.Its a joke to expect the banks to fix this.Maybe they should give her the house &amp;<br />
write it off!Would that make Paulson happy.</p>
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		<title>By: chicagofinance</title>
		<link>http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138048</link>
		<dc:creator>chicagofinance</dc:creator>
		<pubDate>Wed, 28 Nov 2007 03:35:35 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138048</guid>
		<description>Didn&#039;t know the thing about the video....

Pretty Noose is a song by the Seattle band Soundgarden. It appears as the opening track on their 1996 album Down on the Upside. It was released as a single in March 1996 and reached number 4 in the US Rock charts. Pretty Noose was nominated a Grammy Award for Best Hard Rock Performance in 1997.

A music video was made for the song, directed by Frank Kozik. However, MTV refused to air the full video, as it ends with an apparent murder. An alternate version was released, which simply features the band performing the song live.

According to frontman Chris Cornell, &quot;Pretty Noose&quot; is about &quot;an attractively packaged bad idea.&quot;</description>
		<content:encoded><![CDATA[<p>Didn&#8217;t know the thing about the video&#8230;.</p>
<p>Pretty Noose is a song by the Seattle band Soundgarden. It appears as the opening track on their 1996 album Down on the Upside. It was released as a single in March 1996 and reached number 4 in the US Rock charts. Pretty Noose was nominated a Grammy Award for Best Hard Rock Performance in 1997.</p>
<p>A music video was made for the song, directed by Frank Kozik. However, MTV refused to air the full video, as it ends with an apparent murder. An alternate version was released, which simply features the band performing the song live.</p>
<p>According to frontman Chris Cornell, &#8220;Pretty Noose&#8221; is about &#8220;an attractively packaged bad idea.&#8221;</p>
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		<title>By: chicagofinance</title>
		<link>http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138047</link>
		<dc:creator>chicagofinance</dc:creator>
		<pubDate>Wed, 28 Nov 2007 03:32:03 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138047</guid>
		<description>I know I brought this up a while ago.....but how sick-good is this song...
http://www.youtube.com/watch?v=8fZ86Fh0XPk</description>
		<content:encoded><![CDATA[<p>I know I brought this up a while ago&#8230;..but how sick-good is this song&#8230;<br />
<a href="http://www.youtube.com/watch?v=8fZ86Fh0XPk" rel="nofollow">http://www.youtube.com/watch?v=8fZ86Fh0XPk</a></p>
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		<title>By: chicagofinance</title>
		<link>http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138046</link>
		<dc:creator>chicagofinance</dc:creator>
		<pubDate>Wed, 28 Nov 2007 03:30:16 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138046</guid>
		<description>njrebear Says: 
November 27th, 2007 at 6:01 pm 
cf,
Were MER and MS downgrades public knowledge before market close?

yes....I think they traded up or at least flat afterward......S&amp;P ain&#039;t so fab with the calls, so people reflexively ignore....that said, they uncover some good stuff from time to time, but they have also embarassingly shanked a couple dozen calls this year...</description>
		<content:encoded><![CDATA[<p>njrebear Says:<br />
November 27th, 2007 at 6:01 pm<br />
cf,<br />
Were MER and MS downgrades public knowledge before market close?</p>
<p>yes&#8230;.I think they traded up or at least flat afterward&#8230;&#8230;S&amp;P ain&#8217;t so fab with the calls, so people reflexively ignore&#8230;.that said, they uncover some good stuff from time to time, but they have also embarassingly shanked a couple dozen calls this year&#8230;</p>
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		<title>By: Kettle1</title>
		<link>http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138045</link>
		<dc:creator>Kettle1</dc:creator>
		<pubDate>Wed, 28 Nov 2007 03:24:45 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138045</guid>
		<description>From Citigroup Feels Heat To Modify Mortgages ($) in yesterday’s Wall Street Journal:

    Ana Cecillia Marin, a 36-year-old single mother of three, owns a 20-year-old ranch house on a dusty, garbage-strewn acre in Palmdale, Calif. She says she earns $34,000 a year managing flower sales at a Los Angeles food store and selling clothes on the side. She bought her house in 2005 for $385,000. By taking out a first and second mortgage, she was able to buy it for no money down.

    At first, her ex-boyfriend helped make mortgage payments, she says, but his construction jobs dried up. She hasn’t paid anything for months on the $76,426 second mortgage serviced by Citigroup, and she has also fallen behind on her $308,000 first mortgage, serviced by a unit of Bear Stearns Cos.

    Ms. Marin says she got a foreclosure notice on her first mortgage. Judging from recent sales of similar homes in the area, it’s unlikely that Citi Residential will be able to recoup money owed on the second mortgage in the event of a foreclosure sale, because the first-mortgage lender gets its money first.

    “I’m afraid I’m going to lose it,” Ms. Marin said recently of the house. Already, she had moved most of her belongings into a wooden crate in the yard. All that remained inside were the mattresses on which she and her children sleep.</description>
		<content:encoded><![CDATA[<p>From Citigroup Feels Heat To Modify Mortgages ($) in yesterday’s Wall Street Journal:</p>
<p>    Ana Cecillia Marin, a 36-year-old single mother of three, owns a 20-year-old ranch house on a dusty, garbage-strewn acre in Palmdale, Calif. She says she earns $34,000 a year managing flower sales at a Los Angeles food store and selling clothes on the side. She bought her house in 2005 for $385,000. By taking out a first and second mortgage, she was able to buy it for no money down.</p>
<p>    At first, her ex-boyfriend helped make mortgage payments, she says, but his construction jobs dried up. She hasn’t paid anything for months on the $76,426 second mortgage serviced by Citigroup, and she has also fallen behind on her $308,000 first mortgage, serviced by a unit of Bear Stearns Cos.</p>
<p>    Ms. Marin says she got a foreclosure notice on her first mortgage. Judging from recent sales of similar homes in the area, it’s unlikely that Citi Residential will be able to recoup money owed on the second mortgage in the event of a foreclosure sale, because the first-mortgage lender gets its money first.</p>
<p>    “I’m afraid I’m going to lose it,” Ms. Marin said recently of the house. Already, she had moved most of her belongings into a wooden crate in the yard. All that remained inside were the mattresses on which she and her children sleep.</p>
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		<title>By: njpatient</title>
		<link>http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138044</link>
		<dc:creator>njpatient</dc:creator>
		<pubDate>Wed, 28 Nov 2007 03:07:53 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138044</guid>
		<description>&quot;243. bi Says: November 27th, 2007 at 9:47 pm 
234#, kettle, thanks. by the way, i am with your family members when it comes to housing -:)&quot;

Except for the part where his family isn&#039;t underwater and about to lose everything, eh?</description>
		<content:encoded><![CDATA[<p>&#8220;243. bi Says: November 27th, 2007 at 9:47 pm<br />
234#, kettle, thanks. by the way, i am with your family members when it comes to housing -:)&#8221;</p>
<p>Except for the part where his family isn&#8217;t underwater and about to lose everything, eh?</p>
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		<title>By: bi</title>
		<link>http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138043</link>
		<dc:creator>bi</dc:creator>
		<pubDate>Wed, 28 Nov 2007 02:47:12 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138043</guid>
		<description>234#, kettle, thanks. by the way, i am with your family members when it comes to housing -:)</description>
		<content:encoded><![CDATA[<p>234#, kettle, thanks. by the way, i am with your family members when it comes to housing -:)</p>
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		<title>By: Clotpoll</title>
		<link>http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138042</link>
		<dc:creator>Clotpoll</dc:creator>
		<pubDate>Wed, 28 Nov 2007 02:44:13 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138042</guid>
		<description>BC (241)-

&quot;Everything else is overvalued.&quot;

Sounds like a slogan!</description>
		<content:encoded><![CDATA[<p>BC (241)-</p>
<p>&#8220;Everything else is overvalued.&#8221;</p>
<p>Sounds like a slogan!</p>
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		<title>By: BC Bob</title>
		<link>http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138041</link>
		<dc:creator>BC Bob</dc:creator>
		<pubDate>Wed, 28 Nov 2007 02:40:02 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138041</guid>
		<description>&quot;The New Jersey Vulture Fund is not for sale.&quot;

Clot,

Everything else is overvalued. When Abu Dhabi ran their simulations, they discovered that it is a bargain, the market has severely mispriced the fund. I hear JB is still dancing.</description>
		<content:encoded><![CDATA[<p>&#8220;The New Jersey Vulture Fund is not for sale.&#8221;</p>
<p>Clot,</p>
<p>Everything else is overvalued. When Abu Dhabi ran their simulations, they discovered that it is a bargain, the market has severely mispriced the fund. I hear JB is still dancing.</p>
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		<title>By: Clotpoll</title>
		<link>http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138040</link>
		<dc:creator>Clotpoll</dc:creator>
		<pubDate>Wed, 28 Nov 2007 02:38:16 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/index.php/2007/11/27/sp-case-shiller-home-price-indicies/#comment-138040</guid>
		<description>bi (230)-

&quot;I am using comcast cable during the day for streaming quote update and did not see major problem so far.&quot;

Perhaps those streaming quotes you&#039;re getting are from the previous trading session.

That would partially explain the, er, questionable timing of some  of your calls.</description>
		<content:encoded><![CDATA[<p>bi (230)-</p>
<p>&#8220;I am using comcast cable during the day for streaming quote update and did not see major problem so far.&#8221;</p>
<p>Perhaps those streaming quotes you&#8217;re getting are from the previous trading session.</p>
<p>That would partially explain the, er, questionable timing of some  of your calls.</p>
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