Comments on: Ridgewood? Can’t be. http://njrereport.com/index.php/2009/04/27/ridgewood-cant-be/ Real Estate, Economics, and Politics Thu, 09 Feb 2012 04:04:09 +0000 hourly 1 http://wordpress.org/?v=3.0 By: kettle1 http://njrereport.com/index.php/2009/04/27/ridgewood-cant-be/#comment-292007 kettle1 Tue, 28 Apr 2009 14:25:56 +0000 http://njrereport.com/?p=4066#comment-292007 VETO see clots post at 135. From our previous debate, homes can have a negative value, they can be worth less then 0. VETO

see clots post at 135. From our previous debate, homes can have a negative value, they can be worth less then 0.

]]> By: kettle1 http://njrereport.com/index.php/2009/04/27/ridgewood-cant-be/#comment-292004 kettle1 Tue, 28 Apr 2009 14:23:35 +0000 http://njrereport.com/?p=4066#comment-292004 3b, 127 <i>I wonder where exactly they will be off to?</i> I hear China wont be affected by the little recession we have going. Maybe shanghai? 3b, 127

I wonder where exactly they will be off to?

I hear China wont be affected by the little recession we have going. Maybe shanghai?

]]> By: kettle1 http://njrereport.com/index.php/2009/04/27/ridgewood-cant-be/#comment-292002 kettle1 Tue, 28 Apr 2009 14:20:21 +0000 http://njrereport.com/?p=4066#comment-292002 Sean, from your link at 136 <i># Plan for possible loss of income if you are unable to work or the company you work for temporarily closes. #Schools and Daycare Centers May Be Closed for an Extended Period of Time</i> How exactly is the average wage slave going to manage these factors? If people start losing income due to a flu pandemic, you could see things get very ugly. is the power company or mortgage company going to give people a pass for not paying the bill? The average joe has little to no savings. That could could quite the trigger for housing foreclosures and further deterioration of the economy. What happens to consumer spending if the start closing stores and public events to prevent spread of contagion similar to what they are doing in mexico city, where they have pretty much shut down the entire city. Sean,

from your link at 136

# Plan for possible loss of income if you are unable to work or the company you work for temporarily closes.

#Schools and Daycare Centers May Be Closed for an Extended Period of Time

How exactly is the average wage slave going to manage these factors?

If people start losing income due to a flu pandemic, you could see things get very ugly. is the power company or mortgage company going to give people a pass for not paying the bill? The average joe has little to no savings. That could could quite the trigger for housing foreclosures and further deterioration of the economy.

What happens to consumer spending if the start closing stores and public events to prevent spread of contagion similar to what they are doing in mexico city, where they have pretty much shut down the entire city.

]]> By: BC Bob http://njrereport.com/index.php/2009/04/27/ridgewood-cant-be/#comment-291973 BC Bob Tue, 28 Apr 2009 13:14:46 +0000 http://njrereport.com/?p=4066#comment-291973 "Preparations anyone?" Sean, No problem. We have tarp. “Preparations anyone?”

Sean,

No problem. We have tarp.

]]> By: Sean http://njrereport.com/index.php/2009/04/27/ridgewood-cant-be/#comment-291968 Sean Tue, 28 Apr 2009 13:08:02 +0000 http://njrereport.com/?p=4066#comment-291968 Preparations anyone? I would go before the shelves are empty and the stores start price gauging. http://pandemicflu.gov/plan/individual/familyguide.html Preparations anyone? I would go before the shelves are empty and the stores start price gauging.

http://pandemicflu.gov/plan/individual/familyguide.html

]]> By: Clotpoll http://njrereport.com/index.php/2009/04/27/ridgewood-cant-be/#comment-291966 Clotpoll Tue, 28 Apr 2009 13:06:30 +0000 http://njrereport.com/?p=4066#comment-291966 Best. Mish. Post. Ever. Today: http://globaleconomicanalysis.blogspot.com/2009/04/extreme-home-makeover-depression.html Best. Mish. Post. Ever.

Today:

http://globaleconomicanalysis.blogspot.com/2009/04/extreme-home-makeover-depression.html

]]> By: Clotpoll http://njrereport.com/index.php/2009/04/27/ridgewood-cant-be/#comment-291964 Clotpoll Tue, 28 Apr 2009 13:03:27 +0000 http://njrereport.com/?p=4066#comment-291964 CNBC dorks using word "pandemic" about every 30 seconds. CNBC dorks using word “pandemic” about every 30 seconds.

]]> By: Clotpoll http://njrereport.com/index.php/2009/04/27/ridgewood-cant-be/#comment-291963 Clotpoll Tue, 28 Apr 2009 13:02:38 +0000 http://njrereport.com/?p=4066#comment-291963 John (128)- Is there anything at which you are not good? Honestly, I think your greatest talent is the ability to exist within a magical world of pure fantasy. The fact that it's entertaining to all of us here is a bonus whose advantage only accrues to us, however. John (128)-

Is there anything at which you are not good?

Honestly, I think your greatest talent is the ability to exist within a magical world of pure fantasy. The fact that it’s entertaining to all of us here is a bonus whose advantage only accrues to us, however.

]]> By: Sean http://njrereport.com/index.php/2009/04/27/ridgewood-cant-be/#comment-291962 Sean Tue, 28 Apr 2009 12:58:53 +0000 http://njrereport.com/?p=4066#comment-291962 Reposted. Phase 5 declaration “Pandemic” is coming any day now from the World Health Organization. http://www.who.int/csr/disease/avian_influenza/phase/en/index.html Reposted.

Phase 5 declaration “Pandemic” is coming any day now from the World Health Organization.

http://www.who.int/csr/disease/avian_influenza/phase/en/index.html

]]> By: Sean http://njrereport.com/index.php/2009/04/27/ridgewood-cant-be/#comment-291961 Sean Tue, 28 Apr 2009 12:58:20 +0000 http://njrereport.com/?p=4066#comment-291961 Grim #130 in Mod due to FLU link? Grim #130 in Mod due to FLU link?

]]> By: Clotpoll http://njrereport.com/index.php/2009/04/27/ridgewood-cant-be/#comment-291960 Clotpoll Tue, 28 Apr 2009 12:57:52 +0000 http://njrereport.com/?p=4066#comment-291960 Let's see if I can complete (or, blow up) this negative feedback loop: 1. Bank needs housing prices to stabilize (and hopefully, begin to rise again) in order to save their marked-to-fantasy MBS. 2. Therefore, bank needs to initiate as many loans as possible to as many buyers as they can barely qualify in order to stimulate and sustain demand at today's prices. 3. However, banks are now ratcheting up qualification standards and imposing procedural delaying tactics in order to build reserves against future losses. 4. Therefore, just at the moment that the greatest amount of cash and leverage needs to be delivered to the potential RE buyer pool, the opposite is occurring. This is not going to end well. Let’s see if I can complete (or, blow up) this negative feedback loop:

1. Bank needs housing prices to stabilize (and hopefully, begin to rise again) in order to save their marked-to-fantasy MBS.

2. Therefore, bank needs to initiate as many loans as possible to as many buyers as they can barely qualify in order to stimulate and sustain demand at today’s prices.

3. However, banks are now ratcheting up qualification standards and imposing procedural delaying tactics in order to build reserves against future losses.

4. Therefore, just at the moment that the greatest amount of cash and leverage needs to be delivered to the potential RE buyer pool, the opposite is occurring.

This is not going to end well.

]]> By: Sean http://njrereport.com/index.php/2009/04/27/ridgewood-cant-be/#comment-291959 Sean Tue, 28 Apr 2009 12:57:46 +0000 http://njrereport.com/?p=4066#comment-291959 Phase 5 declaration "Pandemic" is coming any day now from the World Health Organization. http://www.who.int/csr/disease/avian_influenza/phase/en/index.html Preparations anyone? http://pandemicflu.gov/plan/individual/familyguide.html Phase 5 declaration “Pandemic” is coming any day now from the World Health Organization.

http://www.who.int/csr/disease/avian_influenza/phase/en/index.html

Preparations anyone?

http://pandemicflu.gov/plan/individual/familyguide.html

]]> By: NJGator http://njrereport.com/index.php/2009/04/27/ridgewood-cant-be/#comment-291958 NJGator Tue, 28 Apr 2009 12:54:59 +0000 http://njrereport.com/?p=4066#comment-291958 Can someone with GSMLS access please let me know what the close price was for 49 Christopher in Montclair? It was supposed to close on 4/21. Thanks. Can someone with GSMLS access please let me know what the close price was for 49 Christopher in Montclair? It was supposed to close on 4/21.

Thanks.

]]> By: John http://njrereport.com/index.php/2009/04/27/ridgewood-cant-be/#comment-291957 John Tue, 28 Apr 2009 12:52:23 +0000 http://njrereport.com/?p=4066#comment-291957 Actually I am very good at selling houses. Last realtor I was forced to use could not sell house even after several open houses and MLSL'ing it for six months. Me one ad on-line and in World Journal Magazine in Mandarian banged the house out 20K over asking as is cash only no contingecies. Imagine the realtor trying to sell the house to white, black and spanish people as if they got any money. I need that deep pocket off the boat with bag of cash money who can't read english, a bazooka bubble gum wrapper was more detailed than the contract. Clotpoll says: April 28, 2009 at 8:32 am John (119)- Believe it or not, you’re probably as good at selling houses as I’d be at selling one of your dafunkmobiles. Actually I am very good at selling houses. Last realtor I was forced to use could not sell house even after several open houses and MLSL’ing it for six months. Me one ad on-line and in World Journal Magazine in Mandarian banged the house out 20K over asking as is cash only no contingecies. Imagine the realtor trying to sell the house to white, black and spanish people as if they got any money. I need that deep pocket off the boat with bag of cash money who can’t read english, a bazooka bubble gum wrapper was more detailed than the contract.

Clotpoll says:
April 28, 2009 at 8:32 am
John (119)-

Believe it or not, you’re probably as good at selling houses as I’d be at selling one of your dafunkmobiles.

]]> By: 3b http://njrereport.com/index.php/2009/04/27/ridgewood-cant-be/#comment-291956 3b Tue, 28 Apr 2009 12:47:14 +0000 http://njrereport.com/?p=4066#comment-291956 #126 BC Bob:I’m off’.” I wonder where exactly they will be off to? #126 BC Bob:I’m off’.”

I wonder where exactly they will be off to?

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