tag:blogger.com,1999:blog-6616959642391988608.post3626864097920621843..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Housing market continues to stabilizeScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6616959642391988608.post-75261982410409418982010-06-23T09:45:25.585-07:002010-06-23T09:45:25.585-07:00Scott,
This story paints a pretty bleak picture....Scott, <br /><br />This story paints a pretty <a href="http://news.yahoo.com/s/ap/20100623/ap_on_bi_go_ec_fi/us_new_home_sales" rel="nofollow">bleak picture.</a><br /><br />What am I missing?Paulhttps://www.blogger.com/profile/06843411100678811292noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31284888600271974492010-06-22T17:48:13.409-07:002010-06-22T17:48:13.409-07:00I would have to say it's both. Buying a home i...I would have to say it's both. Buying a home is an investment since it tends to hold its value for a long time, not to mention the land which is forever, and it has the potential to appreciate in real terms if the land is well located. But houses need a lot of maintenance, and that ongoing cost is money down the drain, as with consumption.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-75745057163230845572010-06-22T17:33:50.255-07:002010-06-22T17:33:50.255-07:00The home equity-backed mortgages I referred to are...The home equity-backed mortgages I referred to are not typical MBS securities. Freddie Mac almost certainly does not hold any. The MBS that FM does hold are probably doing OK, but the main risk is the default rate on home mortgages.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-84256017698846975322010-06-22T11:27:29.604-07:002010-06-22T11:27:29.604-07:00Hi Scott,
I saw your link to home-equity-backed s...Hi Scott,<br /><br />I saw your link to home-equity-backed security on www.markit.com. Is that related to mortgage back securities (MBS)? Does that mean MBS are also up?<br /><br />I know nothing about asset back securities. The reason I asked is I am currently interested in a very speculative bet. Freddie Mac announced it will get delisted from NYSE on July 8, 2010. As a consequence it'狂猪https://www.blogger.com/profile/16599529315620633684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-6611325706817665962010-06-22T10:25:20.397-07:002010-06-22T10:25:20.397-07:00Good commentary. Property markets, including comme...Good commentary. Property markets, including commercial, went through a depression, not a recession. But, we are on the comeback trail.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31050137593989129792010-06-22T09:18:33.792-07:002010-06-22T09:18:33.792-07:00in your view is housing a consumption item or an i...in your view is housing a consumption item or an investment item?septizoniomhttps://www.blogger.com/profile/14253705209662419429noreply@blogger.com