Comments on: “Home prices are falling and will continue to fall.” http://njrereport.com/index.php/2009/02/21/home-prices-are-falling-and-will-continue-to-fall/ Real Estate, Economics, and Politics Thu, 09 Feb 2012 19:40:48 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Stu http://njrereport.com/index.php/2009/02/21/home-prices-are-falling-and-will-continue-to-fall/#comment-271853 Stu Mon, 23 Feb 2009 11:41:31 +0000 http://njrereport.com/?p=3765#comment-271853 The daddy on the bottom left looks a bit like me ;) The daddy on the bottom left looks a bit like me ;)

]]> By: Pat http://njrereport.com/index.php/2009/02/21/home-prices-are-falling-and-will-continue-to-fall/#comment-271843 Pat Mon, 23 Feb 2009 06:24:03 +0000 http://njrereport.com/?p=3765#comment-271843 Stu? ??? ??? http://washingtondc.craigslist.org/nva/wan/1045733964.html Stu? ???

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http://washingtondc.craigslist.org/nva/wan/1045733964.html

]]> By: Stu http://njrereport.com/index.php/2009/02/21/home-prices-are-falling-and-will-continue-to-fall/#comment-271840 Stu Mon, 23 Feb 2009 06:00:12 +0000 http://njrereport.com/?p=3765#comment-271840 AP Gov't reportedly mulls taking larger stake in Citi Sunday February 22, 9:22 pm ET WSJ: Citigroup in talks with officials about government taking up to 40 percent stake in bank WASHINGTON (AP) -- Citigroup Inc. is reportedly negotiating with government officials to have the U.S. boost its stake in the troubled bank to as much as 40 percent, The Wall Street Journal said late Sunday, citing people familiar with the situation. ADVERTISEMENT Such a move by Citigroup would result in the New York-based bank ceding far more control to the feds than executives likely desire, and would dilute shareholders' investments. The Journal, which said Citigroup made the proposal to its regulators, noted that sources say executives would prefer to keep the government's stake closer to 25 percent. But with the company's shares trading at their lowest point in nearly two decades, Citigroup is seeking ways to stem further losses. On Friday, shares of Citigroup fell 22 percent to close below $2, and Bank of America Corp. shares also sank, as talk of the banks' nationalization spooked investors. Both banks already have received significant help from taxpayers as the government has rushed in to try to save the financial sector. The White House, however, has insisted it's not trying to take over the two ailing financial institutions. AP
Gov’t reportedly mulls taking larger stake in Citi
Sunday February 22, 9:22 pm ET
WSJ: Citigroup in talks with officials about government taking up to 40 percent stake in bank

WASHINGTON (AP) — Citigroup Inc. is reportedly negotiating with government officials to have the U.S. boost its stake in the troubled bank to as much as 40 percent, The Wall Street Journal said late Sunday, citing people familiar with the situation.

ADVERTISEMENT
Such a move by Citigroup would result in the New York-based bank ceding far more control to the feds than executives likely desire, and would dilute shareholders’ investments. The Journal, which said Citigroup made the proposal to its regulators, noted that sources say executives would prefer to keep the government’s stake closer to 25 percent.

But with the company’s shares trading at their lowest point in nearly two decades, Citigroup is seeking ways to stem further losses.

On Friday, shares of Citigroup fell 22 percent to close below $2, and Bank of America Corp. shares also sank, as talk of the banks’ nationalization spooked investors. Both banks already have received significant help from taxpayers as the government has rushed in to try to save the financial sector. The White House, however, has insisted it’s not trying to take over the two ailing financial institutions.

]]> By: Stu http://njrereport.com/index.php/2009/02/21/home-prices-are-falling-and-will-continue-to-fall/#comment-271839 Stu Mon, 23 Feb 2009 05:57:54 +0000 http://njrereport.com/?p=3765#comment-271839 she got me again! she got me again!

]]> By: NJGator http://njrereport.com/index.php/2009/02/21/home-prices-are-falling-and-will-continue-to-fall/#comment-271838 NJGator Mon, 23 Feb 2009 05:56:38 +0000 http://njrereport.com/?p=3765#comment-271838 or does it refer to that really crappy dessert that used to be in Swanson Frozen Dinners. Ugh, bad memories. Remember boil in a bag dinners? Boiled chicken parm? What were they thinking? Essex: You are a true buffoon with an unmatched superiority complex. If being called a buffoon bothers you so much, then you seriously need to grow a pair. We have a lot of friendly people here offering positive advice and a little reality. Why you feel the need the to put everyone down is a question you should ask yourself some time. Internet muscles? Come on! If you have such trouble with the dialogue here, then why do you continue to read it? Scored 2 goals in a 4 to 2 loss. Half our team didn't show and my legs feel like jelly. Good night all, up in five hours to walk the dog. or does it refer to that really crappy dessert that used to be in Swanson Frozen Dinners.

Ugh, bad memories. Remember boil in a bag dinners? Boiled chicken parm? What were they thinking?

Essex: You are a true buffoon with an unmatched superiority complex. If being called a buffoon bothers you so much, then you seriously need to grow a pair. We have a lot of friendly people here offering positive advice and a little reality. Why you feel the need the to put everyone down is a question you should ask yourself some time. Internet muscles? Come on! If you have such trouble with the dialogue here, then why do you continue to read it?

Scored 2 goals in a 4 to 2 loss. Half our team didn’t show and my legs feel like jelly. Good night all, up in five hours to walk the dog.

]]> By: sastry http://njrereport.com/index.php/2009/02/21/home-prices-are-falling-and-will-continue-to-fall/#comment-271837 sastry Mon, 23 Feb 2009 05:55:04 +0000 http://njrereport.com/?p=3765#comment-271837 #520... Oscar to a dead person... Happened before. Peter Lynch? I am happy that Slumdog won many awards. May be that will be a reality check for Bollywood, and I hope they start making focusing on decent movies again. That said, I liked what Will Smith said about action movies: They have fans. Hollywood has a decent balance. S #520… Oscar to a dead person… Happened before. Peter Lynch?

I am happy that Slumdog won many awards. May be that will be a reality check for Bollywood, and I hope they start making focusing on decent movies again.

That said, I liked what Will Smith said about action movies: They have fans. Hollywood has a decent balance.

S

]]> By: chicagofinance http://njrereport.com/index.php/2009/02/21/home-prices-are-falling-and-will-continue-to-fall/#comment-271835 chicagofinance Mon, 23 Feb 2009 05:03:01 +0000 http://njrereport.com/?p=3765#comment-271835 cobbler: does your handle refer to your vocation? or does it refer to that really crappy dessert that used to be in Swanson Frozen Dinners? cobbler:
does your handle refer to your vocation? or does it refer to that really crappy dessert that used to be in Swanson Frozen Dinners?

]]> By: Essex http://njrereport.com/index.php/2009/02/21/home-prices-are-falling-and-will-continue-to-fall/#comment-271834 Essex Mon, 23 Feb 2009 05:02:13 +0000 http://njrereport.com/?p=3765#comment-271834 505...Sure enough. Anyone still wearing a class ring or identifying themselves based on an Alma mater 10 years after the fact needs to move on. I got my graduate degree from a Florida Institution....best thing I ever did....FWIW. Pat! Nice post.....damn straight. 505…Sure enough. Anyone still wearing a class ring or identifying themselves based on an Alma mater 10 years after the fact needs to move on.

I got my graduate degree from a Florida Institution….best thing I ever did….FWIW.

Pat! Nice post…..damn straight.

]]> By: chicagofinance http://njrereport.com/index.php/2009/02/21/home-prices-are-falling-and-will-continue-to-fall/#comment-271833 chicagofinance Mon, 23 Feb 2009 05:00:51 +0000 http://njrereport.com/?p=3765#comment-271833 All you need to know about 2009 is that they gave an Oscar to a dead person...... All you need to know about 2009 is that they gave an Oscar to a dead person……

]]> By: cobbler http://njrereport.com/index.php/2009/02/21/home-prices-are-falling-and-will-continue-to-fall/#comment-271832 cobbler Mon, 23 Feb 2009 05:00:38 +0000 http://njrereport.com/?p=3765#comment-271832 I don't understand the obsession of some pretty reasonable people here with SRS as anything other than a day/very short-term trade. I 100% agree that CRE will continue going to the crapper - but SRS's history shows that it is an absolutely terrible vehicle to take advantage of this effect. In an ideal world, shorting URE (if you can get any to borrow) gives drastically better effect longer term - but even IYR puts or put spreads will get you to your destination with much less volatility (you can get 15/20 Sep09 put spread for $1.40 if you are lucky; I don't see any reason why YIR should be higher than 15 then --> so you get $5 for every spread). I don’t understand the obsession of some pretty reasonable people here with SRS as anything other than a day/very short-term trade. I 100% agree that CRE will continue going to the crapper – but SRS’s history shows that it is an absolutely terrible vehicle to take advantage of this effect. In an ideal world, shorting URE (if you can get any to borrow) gives drastically better effect longer term – but even IYR puts or put spreads will get you to your destination with much less volatility (you can get 15/20 Sep09 put spread for $1.40 if you are lucky; I don’t see any reason why YIR should be higher than 15 then –> so you get $5 for every spread).

]]> By: cobbler http://njrereport.com/index.php/2009/02/21/home-prices-are-falling-and-will-continue-to-fall/#comment-271831 cobbler Mon, 23 Feb 2009 04:51:37 +0000 http://njrereport.com/?p=3765#comment-271831 I don't think that anywhere in the world a meaningful public unrest ever took place in the areas as sparsely populated as our suburbs. Do you expect several hundred people to drive over to the supermarket parking lot, park there, take out the pitchforks from the trunks, and start rioting? You need a real townsquare (or a wide enough city street), and people who live within 15 min walk from it. If we are talking things like biker gangs, etc. + police protection falling apart I'd think the most endangered are the really spread out places - like Harding, Far Hills, and so on; more valuable stuff there, too. I don’t think that anywhere in the world a meaningful public unrest ever took place in the areas as sparsely populated as our suburbs. Do you expect several hundred people to drive over to the supermarket parking lot, park there, take out the pitchforks from the trunks, and start rioting? You need a real townsquare (or a wide enough city street), and people who live within 15 min walk from it. If we are talking things like biker gangs, etc. + police protection falling apart I’d think the most endangered are the really spread out places – like Harding, Far Hills, and so on; more valuable stuff there, too.

]]> By: chicagofinance http://njrereport.com/index.php/2009/02/21/home-prices-are-falling-and-will-continue-to-fall/#comment-271830 chicagofinance Mon, 23 Feb 2009 04:40:54 +0000 http://njrereport.com/?p=3765#comment-271830 Clotpoll says: February 22, 2009 at 8:18 pm What is it with this Depeche Mode shit? clot: this new album is going to be the sh!t...already two tracks off this thing are more relevant to me than anything I've heard from a non-financial source in 2009. This new single speaks to me.....it's not what you want...it's what you need.....yes....stuff is fcuked right now...fine.....everyone take your head out of your asses and go out to kick some asses... this ain't depression music...it is TAKE CHARGE OF YOUR LIFE MUSIC... Clotpoll says:
February 22, 2009 at 8:18 pm
What is it with this Depeche Mode shit?

clot: this new album is going to be the sh!t…already two tracks off this thing are more relevant to me than anything I’ve heard from a non-financial source in 2009.

This new single speaks to me…..it’s not what you want…it’s what you need…..yes….stuff is fcuked right now…fine…..everyone take your head out of your asses and go out to kick some asses…

this ain’t depression music…it is TAKE CHARGE OF YOUR LIFE MUSIC…

]]> By: nj ecapee http://njrereport.com/index.php/2009/02/21/home-prices-are-falling-and-will-continue-to-fall/#comment-271829 nj ecapee Mon, 23 Feb 2009 04:40:11 +0000 http://njrereport.com/?p=3765#comment-271829 Believe it or not, the 70s were not all that bad. There were good safe neighborhoods in NYC. Not that much blood in the streets. You guys / ladie sound like a bunch of wussies. Hell, I drove a yellow cab in 72 and 73 in my college days and am still here to talk about it. Yeah, Florida may have its loonies but I'll never willingly trade the Keys for your NJ winters. Believe it or not, the 70s were not all that bad. There were good safe neighborhoods in NYC. Not that much blood in the streets. You guys / ladie sound like a bunch of wussies. Hell, I drove a yellow cab in 72 and 73 in my college days and am still here to talk about it. Yeah, Florida may have its loonies but I’ll never willingly trade the Keys for your NJ winters.

]]> By: veto http://njrereport.com/index.php/2009/02/21/home-prices-are-falling-and-will-continue-to-fall/#comment-271828 veto Mon, 23 Feb 2009 04:17:23 +0000 http://njrereport.com/?p=3765#comment-271828 “huge neighborhoods will become ghettos” with an attendant collapse of public services and social order. we could be seeing “the end of a whole way of life.” I'd like to hear more about the 70s from those on the boards who followed finance RE and banking. is there any similarities to this crisis? Did media constantly make comparisons to great depression like they are doing now or is this just way worse? I remember 70s charles bronson films where inner city neighborhoods were literally like war zones and that is what i keep thinking our future holds in worse case. It did not seem to be a huge deal if you lived in suburbs back then, you just knew not to take the kids on day trip to newark. if its getting dark, you get home, etc etc. im thinking we go back to that and all become used to lower living standards and higher crime rates. maybe im naive but i just cant fathom mass crime and anarchy in streets of american suburbs, kicking neighbors doors in for a cup of sugar. cant see it. “huge neighborhoods will become ghettos” with an attendant collapse of public services and social order. we could be seeing “the end of a whole way of life.”

I’d like to hear more about the 70s from those on the boards who followed finance RE and banking. is there any similarities to this crisis? Did media constantly make comparisons to great depression like they are doing now or is this just way worse?
I remember 70s charles bronson films where inner city neighborhoods were literally like war zones and that is what i keep thinking our future holds in worse case. It did not seem to be a huge deal if you lived in suburbs back then, you just knew not to take the kids on day trip to newark. if its getting dark, you get home, etc etc. im thinking we go back to that and all become used to lower living standards and higher crime rates. maybe im naive but i just cant fathom mass crime and anarchy in streets of american suburbs, kicking neighbors doors in for a cup of sugar. cant see it.

]]> By: sas http://njrereport.com/index.php/2009/02/21/home-prices-are-falling-and-will-continue-to-fall/#comment-271827 sas Mon, 23 Feb 2009 04:10:31 +0000 http://njrereport.com/?p=3765#comment-271827 and that what they call "gifted & talented" the most naive kids, with the most naive parents. and your willing to pay a premium on your RE for a school district. you've been suckered. SAS and that what they call “gifted & talented”

the most naive kids, with the most naive parents.

and your willing to pay a premium on your RE for a school district.

you’ve been suckered.
SAS

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