http://abcnews.go.com/Business/Story?id=8169165&page=3

Geithner Smart to Rent His House

In that kind of market, it was probably wise for Geithner to rent. His last asking price was already $27,000 less than what he paid five years ago for the house. Add in any improvements he made to the home and a broker’s fee — up to $90,000 on a sale like that — and Stiefvater said he could be anywhere from $200,000 to $400,000 in the hole. That’s about the size of his down payment.

“I don’t think anybody’s in a position to say that he overpaid, or anybody overpaid, when he bought his house because market value is market value,” Stiefvater said. “Back in the those days, everybody was overbidding — I’m not saying overpaying, but overbidding — and getting into bidding wars and multiple offers escalated the sale prices to what I think was higher than market value.”

spoke to some one over the weekend who is on timmy’s side of the game. I am now convinced that there is a fairly high probability we see a bank holiday this fall/winter.

But what do i know, i am just a janitor. off to mop the boys room :)

BTW, this is not a joke:

“Acquiring extra cash is tough these days. Trying to find a job probably won’t help. Your credit card line’s been cut and the idea of a home equity line is a joke.
How about that jalopy in the driveway?

No, we’re not talking about cash for clunkers, we’re talking about an auto equity loan.

Just head on over to Wells Fargo, which proudly advertises that it’s one of the few banks still doing Cash Out Refinance Loans.

In other words, you can refi your car and get cash, just like they used to do with houses. And don’t worry that you have no equity in your car… who does?”

http://www.businessinsider.com/cant-use-your-home-as-an-atm-well-then-how-about-your-car-2009-7

I never was on the US bandwagon. I don’t care what team you’re on, you don’t piss away a two goal halftime lead in a cup final.

Sounds harsh, but we had a one of those rare chances to gain some international cred, and we spit the bit vs Brazil. In England, France, Argentina or Italy, that would be viewed as not good enough, and we should view it the same way…or just get comfortable with football remaining a trash sport here.

My question is: why are we playing cup finals with our “B” squad? OTOH, any tournament where a country’s “B” side can make the final should have FIFA pulling the plug. The Gold Cup has become a useless, roster-killing mess.

I understand this is an unusual year, in that there were two major tournaments back-to-back, but we needed 4-5 players with fresh legs available today. Dos Santos and Vela running at backs who had only three days rest yielded a pretty bad result.

Agreed that the usual side will take Mexico apart in two weeks.

That’s also a busy street. I remember a lot of NYC bus traffic on Mt Hebron Rd.

From 2001 to 2003 I rented a walkout basement apartment in a house on Upper Mtn ave, not far from where this place is. My landlord was trying to appeal his $18,500 taxes. The town asked him if he “really wanted them to come out and re-assess his house” He took that to mean they would probably raise them even higher after going there so he said no, that’s ok. His house was bigger than this place so I’m sure he’s really suckin’ wind right now. The neighbor moved from California for some impressive NYC gig. Six months after buying, they raised her taxes from $14,000 to $20,000. He said he was in her kitchen and she just broke down and started crying.
So much for lifestyles of the rich and famous in Upper Montclair

you mean, some sucker actually thinks this poppy cooks?

ha ha. oh man.

next, someone will tell me that they are “diversified”.

SAS

after payback Aug 12 with our real team, they’ll all hop right back on

This underwater sellers can not afford the homes and they don’t have the cash to lower their price.
Their only option is make a deal with the bank on a short sale or walk away in foreclosure.
Just my observation.

What do you think we’ll be seeing in the dead of winter in terms of prices? I’m hoping there will be a significant drop, but it seems sellers around here (Somerset area) really are digging their heel in and are expecting to get back what they paid in ’06 or ’07.

If NJ gets wind of this, we will fae our own view taxes.

Nothing in Ringoes but the warnings and the cable going nuts.