Comments on: The Paradox of Thrift: Credit Cards, American Express, Home Equity Loans, Debt, and Spending our way into the Curious Case of Being Broke. http://www.doctorhousingbubble.com/credit-crisis-and-debt-and-managing-the-paradox-of-thrift/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 09 Feb 2012 03:22:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: David Brodbeck http://www.doctorhousingbubble.com/credit-crisis-and-debt-and-managing-the-paradox-of-thrift/#comment-31998 David Brodbeck Mon, 02 Feb 2009 18:31:03 +0000 http://www.doctorhousingbubble.com/?p=1327#comment-31998 @EM: I don't see how cram-downs hurt the banks. The cram-down just reduces the size of the loan to the current market value of the property -- in other words, the actual value of the collateral securing the loan! If there's no cram-down and the bank forecloses, they'll lose even more money, because foreclosed homes always sell below market value. @EM: I don’t see how cram-downs hurt the banks. The cram-down just reduces the size of the loan to the current market value of the property — in other words, the actual value of the collateral securing the loan! If there’s no cram-down and the bank forecloses, they’ll lose even more money, because foreclosed homes always sell below market value.

]]> By: Alan http://www.doctorhousingbubble.com/credit-crisis-and-debt-and-managing-the-paradox-of-thrift/#comment-31997 Alan Mon, 02 Feb 2009 18:26:23 +0000 http://www.doctorhousingbubble.com/?p=1327#comment-31997 Not nitpicking, but it's because I so thoroughly enjoy this site and respect the Doc... but that Jefferson quote has been called into question many times and strong evidence suggests it was not made by TJ at all. At best, parts of it were paraphrased. http://wiki.monticello.org/mediawiki/index.php/Private_Banks_(Quotation) Doesn't make the sentiment any less true, but wanted it to be made known because I think the Doc has used that quote at least twice. Not nitpicking, but it’s because I so thoroughly enjoy this site and respect the Doc… but that Jefferson quote has been called into question many times and strong evidence suggests it was not made by TJ at all. At best, parts of it were paraphrased.

http://wiki.monticello.org/mediawiki/index.php/Private_Banks_(Quotation)

Doesn’t make the sentiment any less true, but wanted it to be made known because I think the Doc has used that quote at least twice.

]]> By: compass rose http://www.doctorhousingbubble.com/credit-crisis-and-debt-and-managing-the-paradox-of-thrift/#comment-31972 compass rose Sun, 01 Feb 2009 20:09:32 +0000 http://www.doctorhousingbubble.com/?p=1327#comment-31972 Compass Rose's Super-Easy Financial Stimulus Plan: ~ Hello, TARP-covered Bank-- ~ Lend the money the taxpayers gave you. Now. ~ Or the taxpayers withdraw your corporate charter. ~ love and kisses ~ Too easy, right? ~ rose Compass Rose’s Super-Easy Financial Stimulus Plan:
~
Hello, TARP-covered Bank–
~
Lend the money the taxpayers gave you. Now.
~
Or the taxpayers withdraw your corporate charter.
~
love and kisses
~
Too easy, right?
~
rose

]]> By: watcher http://www.doctorhousingbubble.com/credit-crisis-and-debt-and-managing-the-paradox-of-thrift/#comment-31971 watcher Sun, 01 Feb 2009 18:56:57 +0000 http://www.doctorhousingbubble.com/?p=1327#comment-31971 Hello, Dr HB; I have been reading your site for several months now. I would like to know if you can direct me to any site that has the same valuable information that you provide for the San Luis Obisbo, North County area. All sites I see say that we are different. Yet I see on Keith Byrd's real estate site that prices continuously drop. Indeed, new houses in the Montebello Estates area in Paso Robles have dropped from high 500 - low 600K to under 500K. so I guess the mid 400K prices they are asking for the REO's and short sales will drop soon. Thanx in advance. Hello, Dr HB;

I have been reading your site for several months now.

I would like to know if you can direct me to any site that has the same valuable information that you provide for the San Luis Obisbo, North County area. All sites I see say that we are different. Yet I see on Keith Byrd’s real estate site that prices continuously drop. Indeed, new houses in the Montebello Estates area in Paso Robles have dropped from high 500 – low 600K to under 500K. so I guess the mid 400K prices they are asking for the REO’s and short sales will drop soon.

Thanx in advance.

]]> By: blutown http://www.doctorhousingbubble.com/credit-crisis-and-debt-and-managing-the-paradox-of-thrift/#comment-31970 blutown Sun, 01 Feb 2009 17:43:22 +0000 http://www.doctorhousingbubble.com/?p=1327#comment-31970 Or how about Joseph Stiglitz? Any chance of a Nobel Prize for the Doctor? http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=aKrRkAwxNhTw Or how about Joseph Stiglitz? Any chance of a Nobel Prize for the Doctor?
http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=aKrRkAwxNhTw

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