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Old 02-17-2018, 08:30 AM
Status: "delete" (set 23 days ago)
 
3,189 posts, read 1,276,696 times
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Quote:
Originally Posted by mathjak107 View Post
Entertained as in reading fiction.
I hope so.
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Old 02-17-2018, 10:29 AM
 
2,771 posts, read 1,500,522 times
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Quote:
Originally Posted by Jobster View Post
You're probably right, but it was the top at the time.

Regarding households, it's actually 19 million paying 50% or more.

39 million households are paying more for housing than they can afford - Jun. 16, 2017
There’s a context for everything.

The difference percentage wise between cost burdened renters vs owners is significant. You might want to re-read the report cited in that CNN article.
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Old 02-17-2018, 12:19 PM
 
2,246 posts, read 1,390,219 times
Reputation: 4900
Just checking to see if I have any stars.

Are you not entertained?!?!
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Old 02-17-2018, 02:09 PM
 
3,182 posts, read 2,725,261 times
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Quote:
Originally Posted by Jobster View Post

If you noticed, I just received my first gold star, so I am excelling in my ability to keep people entertained.
Good job. Keep at it. You've got a good shtick, pretending to be a know-it-all and keeping everyone riled up and responding. You don't start receiving royalties until the fourth star. Some of our more prolific posters here are pulling in five figures a month from CD.
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Old 02-17-2018, 03:15 PM
 
Location: Brawndo-Thirst-Mutilator-Nation
15,174 posts, read 15,218,690 times
Reputation: 10908
YAWN, this real-estate and stock-market thingy has legs......lots of room on the upside.
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Old 02-17-2018, 04:36 PM
 
Location: Mill Boulevard, yes that's right!
545 posts, read 268,183 times
Reputation: 1704
I'm doing great man. Thanks for asking....
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Old 02-17-2018, 05:10 PM
 
7,008 posts, read 6,638,516 times
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Quote:
Originally Posted by Jobster View Post
As all of you should know, consumer credit card debt is at an all time high, personal savings rate is at 2007 levels, student loans and auto loans are at all time highs, and the S&P/Case-Shiller U.S. National Home Price Index is at the highest level in history....

So what are your banking buddies doin about it???
Only your last link had something of interest.

Quote:
The issue was going to be whether the Republicans’ tax plan reduced the corporate tax rate from the previous federal statutory rate of 35% to something in the 20% range.

Why did this matter to Fannie and Freddie? It’s all about the GSEs’ deferred tax assets and the GSEs’ limited capital reserves.
It is going to hit all banks as they take charges against earnings for hits to their balance sheet from the new tax law. Because of the leverage, it may reduce liquidity by up to 500 billion dollars this year.
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Old 02-17-2018, 05:17 PM
 
17,627 posts, read 12,218,187 times
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Quote:
Originally Posted by lchoro View Post
Only your last link had something of interest.



It is going to hit all banks as they take charges against earnings for hits to their balance sheet from the new tax law. Because of the leverage, it may reduce liquidity by up to 500 billion dollars this year.

Many banks already took their charges in Q4 2017 as I believe the GSEs did
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Old 02-17-2018, 05:45 PM
 
Location: Paranoid State
12,685 posts, read 9,438,208 times
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Quote:
Originally Posted by Jobster View Post
Yeah, I was lazy yesterday, but it doesn't matter what the articles say. The fraud will be perpetuated. It's almost time, so I have no problem because the banks will validate me with their behavior.

I didn't look hard enough to find examples of them selling, but they will. I mean, banks aren't stupid. The consumer is squeezed. That's exactly what I would do. Let the market crash, buy up houses for pennies, rent them out.

Easiest way to make money. Over 9 million households pay 50% of their income towards mortgage and rent. This is EASY money for banks.

So like I said, it doesn't matter what the articles say. I'll get validated by their actions. It's almost time.
I'm trying to understand your post. When you say "banks," what type of banks exactly do you mean?
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Old 02-17-2018, 05:47 PM
 
64,668 posts, read 66,158,228 times
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Banks don't want to be in the real estate busines selling foreclosed homee

Last edited by mathjak107; 02-17-2018 at 06:49 PM..
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