Comments on: December Beige Book http://njrereport.com/index.php/2009/12/03/december-beige-book/ Real Estate, Economics, and Politics Fri, 25 May 2012 00:53:42 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Gina David http://njrereport.com/index.php/2009/12/03/december-beige-book/#comment-350047 Gina David Wed, 16 Dec 2009 19:40:58 +0000 http://njrereport.com/?p=4922#comment-350047 I lately came across your blog and have been learning along. I thought I would leave my first remark. I don’t know what to say except that I have loved reading. Solid blog. I will keep visiting this blog very often.

]]> By: Kelly http://njrereport.com/index.php/2009/12/03/december-beige-book/#comment-345408 Kelly Sat, 05 Dec 2009 05:11:41 +0000 http://njrereport.com/?p=4922#comment-345408 VERY interesting post Thanks. Kelly <a href="http://www.hudsonrealtygroup.com" rel="nofollow">Hudson Realty Group | Jersey City & Hoboken Real Estate</a> VERY interesting post
Thanks.

Kelly
Hudson Realty Group | Jersey City & Hoboken Real Estate

]]> By: chicagofinance http://njrereport.com/index.php/2009/12/03/december-beige-book/#comment-345097 chicagofinance Fri, 04 Dec 2009 16:47:12 +0000 http://njrereport.com/?p=4922#comment-345097 new thread.... new thread….

]]> By: Veto That http://njrereport.com/index.php/2009/12/03/december-beige-book/#comment-345096 Veto That Fri, 04 Dec 2009 16:44:25 +0000 http://njrereport.com/?p=4922#comment-345096 so whatsthedelio on the gtg? no grim, kettle, bc? what kind of gtg is this?? shumpy, sas, chi,john, nom, lish, pgc, stu & gator, shore? role call plese... this will be my first appearance and i dont want to be sitting there alone when frank, bi, jamil and re101 bust in with baseball bats. so whatsthedelio on the gtg?
no grim, kettle, bc? what kind of gtg is this??
shumpy, sas, chi,john, nom, lish, pgc, stu & gator, shore?
role call plese…
this will be my first appearance and i dont want to be sitting there alone when frank, bi, jamil and re101 bust in with baseball bats.

]]> By: ruggles http://njrereport.com/index.php/2009/12/03/december-beige-book/#comment-345095 ruggles Fri, 04 Dec 2009 16:43:47 +0000 http://njrereport.com/?p=4922#comment-345095 366 - frustrated, Last year I moved from an abbott school district (not really, but sort of) to one of the wealthiest zip codes in western NJ (which is like Irvington to you eastern NJ folk) and got my absolute perfect dream house in an almost nompound-like setting (I'd have to k!ll or befriend my neighbors to make it work but okay) and it only cost me an extra 20k to do it (I did trade quality of house for quality of land but thats what I wanted). my bank required 3 appraisals because there were no comps whatsoever and i had to put 30% down because they refused to believe the house was worth it. plus the interest rate was 6.25. This year, absolute garbage in my price range around me is going under contract. not all of it is closing, (some is) but obviously the buyers are out there bidding. I'm not suggesting you totally missed the boat. In fact, I think bigger plunges are coming. I'm just suggesting that prices might be sticky because of the perception that buyers are out there this year and because some buyers are actually out there. Same thing with shelly in chatham and that guy looking in robbinsville. These are places people still want to live. many, many people. and most likely the good houses that interest you, interest everyone else too. doesn't mean prices won't plunge further when hope, incentives, incomes, and low interest rates are gone. just not yet. and all you potential buyers sniffing around these towns don't help the situation. 366 – frustrated, Last year I moved from an abbott school district (not really, but sort of) to one of the wealthiest zip codes in western NJ (which is like Irvington to you eastern NJ folk) and got my absolute perfect dream house in an almost nompound-like setting (I’d have to k!ll or befriend my neighbors to make it work but okay) and it only cost me an extra 20k to do it (I did trade quality of house for quality of land but thats what I wanted). my bank required 3 appraisals because there were no comps whatsoever and i had to put 30% down because they refused to believe the house was worth it. plus the interest rate was 6.25.

This year, absolute garbage in my price range around me is going under contract. not all of it is closing, (some is) but obviously the buyers are out there bidding.

I’m not suggesting you totally missed the boat. In fact, I think bigger plunges are coming. I’m just suggesting that prices might be sticky because of the perception that buyers are out there this year and because some buyers are actually out there. Same thing with shelly in chatham and that guy looking in robbinsville. These are places people still want to live. many, many people. and most likely the good houses that interest you, interest everyone else too. doesn’t mean prices won’t plunge further when hope, incentives, incomes, and low interest rates are gone. just not yet. and all you potential buyers sniffing around these towns don’t help the situation.

]]> By: Veto That http://njrereport.com/index.php/2009/12/03/december-beige-book/#comment-345083 Veto That Fri, 04 Dec 2009 16:37:24 +0000 http://njrereport.com/?p=4922#comment-345083 from wiki - VIX is the ticker symbol for the Chicago Board Options Exchange Volatility Index, a popular measure of the implied volatility of S&P 500 index options. A high value corresponds to a more volatile market and therefore more costly options, which can be used to defray risk from this volatility by selling options. Often referred to as the fear index, it represents one measure of the market's expectation of volatility over the next 30 day period. from wiki – VIX is the ticker symbol for the Chicago Board Options Exchange Volatility Index, a popular measure of the implied volatility of S&P 500 index options. A high value corresponds to a more volatile market and therefore more costly options, which can be used to defray risk from this volatility by selling options. Often referred to as the fear index, it represents one measure of the market’s expectation of volatility over the next 30 day period.

]]> By: Veto That http://njrereport.com/index.php/2009/12/03/december-beige-book/#comment-345082 Veto That Fri, 04 Dec 2009 16:35:31 +0000 http://njrereport.com/?p=4922#comment-345082 SL, i dont know the answer here but im sure bc does. i would start off with this logic: if interest rates go rampant its probably because inflation has gone rampant as well. SL, i dont know the answer here but im sure bc does.
i would start off with this logic: if interest rates go rampant its probably because inflation has gone rampant as well.

]]> By: still_looking http://njrereport.com/index.php/2009/12/03/december-beige-book/#comment-345081 still_looking Fri, 04 Dec 2009 16:33:56 +0000 http://njrereport.com/?p=4922#comment-345081 I doubt they'd sell :) Besides, with my luck... even if they did. Goldbag Suchs would find a way to arbitrage the deal. sl I doubt they’d sell :) Besides, with my luck… even if they did. Goldbag Suchs would find a way to arbitrage the deal.

sl

]]> By: still_looking http://njrereport.com/index.php/2009/12/03/december-beige-book/#comment-345080 still_looking Fri, 04 Dec 2009 16:32:30 +0000 http://njrereport.com/?p=4922#comment-345080 I need help understanding .VIX. Anyone? sl I need help understanding .VIX.

Anyone?

sl

]]> By: BC Bob http://njrereport.com/index.php/2009/12/03/december-beige-book/#comment-345077 BC Bob Fri, 04 Dec 2009 16:31:00 +0000 http://njrereport.com/?p=4922#comment-345077 SL [384], If they want to sell, let me know. SL [384],

If they want to sell, let me know.

]]> By: BC Bob http://njrereport.com/index.php/2009/12/03/december-beige-book/#comment-345075 BC Bob Fri, 04 Dec 2009 16:30:11 +0000 http://njrereport.com/?p=4922#comment-345075 SL [382], Go back to 1979/80. Record high interest rates, record high gold. You know the disclaimer about past performance. SL [382],

Go back to 1979/80. Record high interest rates, record high gold.

You know the disclaimer about past performance.

]]> By: still_looking http://njrereport.com/index.php/2009/12/03/december-beige-book/#comment-345073 still_looking Fri, 04 Dec 2009 16:28:31 +0000 http://njrereport.com/?p=4922#comment-345073 BC 381 :) Right! No mark to fantasy or gubmint pump backed by fantasy money either. I gave my in laws gold a few years back at 635/oz... they haven't sold it yet -- to the best of my knowledge :) sl BC 381 :)

Right! No mark to fantasy or gubmint pump backed by fantasy money either.

I gave my in laws gold a few years back at 635/oz… they haven’t sold it yet — to the best of my knowledge :)

sl

]]> By: BC Bob http://njrereport.com/index.php/2009/12/03/december-beige-book/#comment-345072 BC Bob Fri, 04 Dec 2009 16:28:24 +0000 http://njrereport.com/?p=4922#comment-345072 Veto [379], You didn't panic. You exercised good risk management judgement, based on your criteria. Too bad our banks didn't have the same discipline. Veto [379],

You didn’t panic. You exercised good risk management judgement, based on your criteria. Too bad our banks didn’t have the same discipline.

]]> By: still_looking http://njrereport.com/index.php/2009/12/03/december-beige-book/#comment-345070 still_looking Fri, 04 Dec 2009 16:26:54 +0000 http://njrereport.com/?p=4922#comment-345070 I guess I am always looking 5 or so years ahead.. Is it (or not) safe to have some gold available if interest rates go rampant? sl I guess I am always looking 5 or so years ahead..

Is it (or not) safe to have some gold available if interest rates go rampant?

sl

]]> By: BC Bob http://njrereport.com/index.php/2009/12/03/december-beige-book/#comment-345068 BC Bob Fri, 04 Dec 2009 16:26:15 +0000 http://njrereport.com/?p=4922#comment-345068 "But, physical lasts forever :)" SL, No counter party risk. Always mark to market. “But, physical lasts forever :)”

SL,

No counter party risk. Always mark to market.

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