FED Raises Rates another 1/4 % Housing bubble .... - GoFuckYourself.com

Xenophage · 06-30-2005, 12:44 PM

FED Raises Rates another 1/4 % housing looks more shakey with every rate rise.

Azlord · 06-30-2005, 12:49 PM

Greenspan is one smart dude. I think he knows what he is doing when it come to rates. He also said in that article that the economy is on a steady footing. I thought I heard something about him leaving soon. I would start to get very worried then.

triumph · 06-30-2005, 12:51 PM

As far as Real Estate goes, I am beginning to start using the statement "what goes up MIGHT come down."

it is a crazy market.

WiredGuy · 06-30-2005, 12:57 PM

That move pissed me off big time. I was going to do a large forex conversion today and my broker told me to wait until Monday to see if it will work in my favour. That move greenspan did would have cost me nearly $400. Damn!
WG

DamageX · 06-30-2005, 12:58 PM

Quote:

Originally Posted by triumph

As far as Real Estate goes, I am beginning to start using the statement "what goes up MIGHT come down."

it is a crazy market.

In terms of real estate, what goes up ALWAYS comes down, sooner or later. Real estate is very sensitive to how the economy goes.

Dollarmansteve · 06-30-2005, 12:59 PM

"The market can stay irrational far longer than you or I can stay solvent"

Furious_Male · 06-30-2005, 01:45 PM

Well he scared the piss out of the average investor causing the stock market to dip pretty hard again. Time to add to some key positions during this dip.

DamageX · 06-30-2005, 01:47 PM

Quote:

Originally Posted by Dollarmansteve

"The market can stay irrational far longer than you or I can stay solvent"

Good quote

Xenophage · 06-30-2005, 03:58 PM

Quote:

Originally Posted by Furious_Male

Well he scared the piss out of the average investor causing the stock market to dip pretty hard again. Time to add to some key positions during this dip.

I think we are gonna go down in July and wont start coming back till september rolls around

nas going to 2000 again and dow to 10K ??

greentea · 06-30-2005, 04:03 PM

my girlfreind and i just bought a house here in florida for $300,000, 2 years ago the guy paid for it $170,000.. This market will crash hard, this bubble will burst in the next 3-5 years.

Real estate in palm beach alone has jumped $100,000 in just one year!
I kick myself in the ass for not buying a home 2-5 years ago.

sacX · 06-30-2005, 06:58 PM

Quote:

Originally Posted by WiredGuy

That move pissed me off big time. I was going to do a large forex conversion today and my broker told me to wait until Monday to see if it will work in my favour. That move greenspan did would have cost me nearly $400. Damn!
WG

US -> CDN? the more Greenspan moves rates up the stronger the USD will get... wouldn't that benefit you?

JJ Gold · 06-30-2005, 07:00 PM

Quote:

Originally Posted by Furious_Male

Well he scared the piss out of the average investor causing the stock market to dip pretty hard again. Time to add to some key positions during this dip.

Buy UST with both fists.

JJ Gold · 06-30-2005, 07:02 PM

Quote:

Originally Posted by greentea

my girlfreind and i just bought a house here in florida for $300,000, 2 years ago the guy paid for it $170,000.. This market will crash hard, this bubble will burst in the next 3-5 years.

Real estate in palm beach alone has jumped $100,000 in just one year!
I kick myself in the ass for not buying a home 2-5 years ago.

Greenspan himself has said "real estate is different........people have to live somewhere".

But, I agree the speculation is out of control. Major correction needed.

JJ Gold · 06-30-2005, 07:04 PM

Quote:

Originally Posted by LegendaryLars

I think we are gonna go down in July and wont start coming back till september rolls around

nas going to 2000 again and dow to 10K ??

Happens most years during the Summer months. After 2Q earnings there is very little to drive the market until everybody is back at work.

yys · 06-30-2005, 07:04 PM

Reichmann knows property meltdowns: 'It's time to sell'

"I think the euphoria out there and the expectations that it drives is just asking for trouble." said Mr. Reichmann

"There is too much enthusiasm. You know in the real estate game if you wait a little too long you get killed. I've been there, done that. I don't want to do it again. I want to get out at the right time."

dopeman · 06-30-2005, 07:06 PM

the fact that bond prices actually went UP does not bode well for this economy. that ain't spose to happen.

Furious_Male · 06-30-2005, 07:07 PM

Quote:

Originally Posted by LegendaryLars

I think we are gonna go down in July and wont start coming back till september rolls around

nas going to 2000 again and dow to 10K ??

Yes pretty typical. Volume will be real low things will be stale. Bad news in any form will drive the sheep to sell. This is my favorite time of year to buy buy buy.

Furious_Male · 06-30-2005, 07:10 PM

Quote:

Originally Posted by JJ Gold

Buy UST with both fists.

I will look into it.

JJ Gold · 06-30-2005, 07:34 PM

Quote:

Originally Posted by Furious_Male

I will look into it.

UST also pays a fat 5.79% dividend.

V_RocKs · 06-30-2005, 07:45 PM

Quote:

Originally Posted by WiredGuy

That move pissed me off big time. I was going to do a large forex conversion today and my broker told me to wait until Monday to see if it will work in my favour. That move greenspan did would have cost me nearly $400. Damn!
WG

Ohh stop your whining!

You made that much money while you slept last night.

Xenophage · 07-01-2005, 10:12 AM

Quote:

Originally Posted by JJ Gold

UST also pays a fat 5.79% dividend.

tobacco.. it dropped 10 bucks a share in like one day on the chart. Tell me why its a buy ?

DamageX · 07-01-2005, 10:16 AM

Quote:

Originally Posted by LegendaryLars

tobacco.. it dropped 10 bucks a share in like one day on the chart. Tell me why its a buy ?

Buy low, sell high?

Furious_Male · 07-01-2005, 10:24 AM

Quote:

Originally Posted by JJ Gold

UST also pays a fat 5.79% dividend.

I do like the dividend thats for sure. However I think the stock could still drop. Looks like a bit of risk there. Exactly a year ago today it was at $35.66.

I put it on my watch list.

mockingbich · 07-01-2005, 10:49 AM

Ya'll are correct to worry about a housing bubble

But this current market is not like any other in American's past. Much of the growth is fueled by illegal immigration and foreigners buying american real estate through fraudulent loans

Why is it that houses in dumps like south central LA are selling for 300,000? WHo is buying them? There is a list of illegals bidding for these shitholes and banks all too willing to accept questionable identification to secure the loan

So until Bush decides to close out borders and enforce immigration law... this boom will not end. It will continue until the social problems, high taxes, and corporate corruption of so many illegal aliens and foreigners catches up with us

mockingbich · 07-01-2005, 10:57 AM

Check this out:

IF Bush is able to push through his social security "privatization." There will be another housing boom following on the tails of the last one.

Understand, privatization is NOT personal ownership of social security accounts. It is an attempt to NATIONALIZE the New York Stock exchange. If the government is the largest shareholder than the government runs the stock market. The government can inflate the stock market with SS dollars and make lots of party donors very rich men. This isn't a democrat/ republican thing... it's all about the benjamins

Many babyboomers are saving for retirement and dumping their money into mutual funds. They are patiently waiting and hoping that their investments pay off while listening to "doom and gloom" predictions of a housing bubble. IF social security is "privatized," Then their portfolios will all skyrocket like they did during the internet tech bubble of the nineties. These boomers will feel invincible and will be willing to spend money on new homes etc.

So in my opinion, IF there is social security "privatization", there will continue to be rising housing prices

And don't listen to the people that say Bush's SS plan is dead - cuz it ain't even close - BUSH WILL cut some crazy deals with Democrats - there is too much money at stake

topbizucksMark · 07-01-2005, 11:20 AM

Quote:

Originally Posted by mockingbich

Ya'll are correct to worry about a housing bubble

But this current market is not like any other in American's past. Much of the growth is fueled by illegal immigration and foreigners buying american real estate through fraudulent loans

Why is it that houses in dumps like south central LA are selling for 300,000? WHo is buying them? There is a list of illegals bidding for these shitholes and banks all too willing to accept questionable identification to secure the loan

So until Bush decides to close out borders and enforce immigration law... this boom will not end. It will continue until the social problems, high taxes, and corporate corruption of so many illegal aliens and foreigners catches up with us

Your fucking kidding right.

dopeman · 07-01-2005, 11:22 AM

Quote:

Originally Posted by topbizucksMark

Your fucking kidding right.

front line banks are giving mortages to almost ANYONE at this point. why not? they don't hold the mortgage, rather they sell them off to Freddie Mac or Fannie Mae. THOSE two monsters could lead to economic catastrophe that could spread across the world. that's some seriously scary shit.

Kimmykim · 07-01-2005, 11:35 AM

There are definitely too many people living in houses they have no equity in. And even more with property they don't live in, they don't have equity in, and bought only for speculation.

BRISK · 07-01-2005, 11:38 AM

http://www.businessweek.com/magazine...2001_mz001.htm

ULVideo · 07-01-2005, 12:11 PM

Quote:

Originally Posted by LegendaryLars

I think we are gonna go down in July and wont start coming back till september rolls around

nas going to 2000 again and dow to 10K ??

The DOW has been teasing 10K on and off for a while. what will be interesting to see if it signifcantly breaks that mark, if it will trigger some large trading voulme, and what the result will be. If volume spikes, it could mean a big swing, one way or another (large program trading can go a "buy" if it reads an "opportunity" with the dip, of "sell" if it reads "get out while you still can").

dopeman · 07-01-2005, 12:13 PM

Quote:

Originally Posted by ULVideo

If volume spikes, it could mean a big swing, one way or another (large program trading can go a "buy" if it reads an "opportunity" with the dip, of "sell" if it reads "get out while you still can").

which is what caused the crash of 87.

VeriSexy · 07-01-2005, 12:16 PM

Yup, all these interest rate hikes will really suck for the housing market

pornguy · 07-01-2005, 12:17 PM

WG you are lucky it is only 400$ imagine 4k. that would really suck major ass.

JJ Gold · 07-01-2005, 12:21 PM

Quote:

Originally Posted by LegendaryLars

tobacco.. it dropped 10 bucks a share in like one day on the chart. Tell me why its a buy ?

Do some DD.

The stock got hammered after Q1 numbers were down. The only reason the numbers missed is because wholesalers ordered more product in that last part of Q4 (2004) in order to avoid a federal tax increase.

After the next report the stock should rebound. Q1 was an aberration.

ULVideo · 07-01-2005, 02:24 PM

Quote:

Originally Posted by dopeman

which is what caused the crash of 87.

And what happened to RE after that?

dopeman · 07-01-2005, 02:27 PM

Quote:

Originally Posted by ULVideo

And what happened to RE after that?

i'm very bearish on the housing market in the medium term. it can probably hold off for a couple years. since there isn't real-time ticker tapes of housing prices, a national collapse due to panic isn't likely. but it's certain that some regions of the u.s. will see horrendous losses in home values. there are areas of the s.f. bay area where home prices could be HALVED and they would still be overpriced (only my opinion). much of the cali re boom has been speculative in nature, and not tied to fundamentals.

JJ Gold · 07-01-2005, 02:36 PM

Quote:

Originally Posted by dopeman

i'm very bearish on the housing market in the medium term. it can probably hold off for a couple years. since there isn't real-time ticker tapes of housing prices, a national collapse due to panic isn't likely. but it's certain that some regions of the u.s. will see horrendous losses in home values. there are areas of the s.f. bay area where home prices could be HALVED and they would still be overpriced (only my opinion). much of the cali re boom has been speculative in nature, and not tied to fundamentals.

Lots have people have borrowed money against these inflated valuations. I think we will see lots of foreclosures.

Too many idiots trading unsecured debt (credit cards) for secured debt (homes).

dopeman · 07-01-2005, 02:41 PM

Quote:

Originally Posted by JJ Gold

Lots have people have borrowed money against these inflated valuations. I think we will see lots of foreclosures.

Too many idiots trading unsecured debt (credit cards) for secured debt (homes).

no kidding. cash-out refis have been the fundamental engine behind the recent economic 'recovery'. now those people will all be so far underwater that they'll probably just walk away. but if consumer spending takes a serious nose dive and liquidity dries up, you could see deflation which is far worse than inflation.

JJ Gold · 07-01-2005, 03:24 PM

Quote:

Originally Posted by dopeman

no kidding. cash-out refis have been the fundamental engine behind the recent economic 'recovery'. now those people will all be so far underwater that they'll probably just walk away. but if consumer spending takes a serious nose dive and liquidity dries up, you could see deflation which is far worse than inflation.

or stagflation.

Xenophage · 07-01-2005, 07:24 PM

Quote:

Originally Posted by dopeman

no kidding. cash-out refis have been the fundamental engine behind the recent economic 'recovery'. now those people will all be so far underwater that they'll probably just walk away. but if consumer spending takes a serious nose dive and liquidity dries up, you could see deflation which is far worse than inflation.

I thinkwe are going to ahve a banking crisis when all the no money down folks just walk away from their negative equity. banks sell and the selling begets selling.. it could be very very ugly

dopeman · 07-01-2005, 07:30 PM

Quote:

Originally Posted by LegendaryLars

I thinkwe are going to ahve a banking crisis when all the no money down folks just walk away from their negative equity. banks sell and the selling begets selling.. it could be very very ugly

you're assuming the banks are holding those mortgages. they don't. Fannie Mae and Freddie Mac hold most mortgages. they repackage all the interest and principle payments people send them into bonds - bonds that are held by many retirement / pension portfolios. not to mention, there's some sort of agreement that the u.s. treasury will bail these two out of they get into trouble. they hold almost 2 trillion dollars in debt - not to mention the many many trillions of off book derivatives they wouldn't be able to service either. it would sink our economy - and the global economy.

wimpy · 07-01-2005, 09:02 PM

I read recently that foreclosures have gone way up lately. could have been a blip, but maybe not. Foreclosures tend to be a lagging indicator (it takes time for a foreclosure to happen after the guy gets into financial trouble, hence the lag) of serious economic trouble.

Xenophage · 07-01-2005, 09:04 PM

Quote:

Originally Posted by dopeman

you're assuming the banks are holding those mortgages. they don't. Fannie Mae and Freddie Mac hold most mortgages. they repackage all the interest and principle payments people send them into bonds - bonds that are held by many retirement / pension portfolios. not to mention, there's some sort of agreement that the u.s. treasury will bail these two out of they get into trouble. they hold almost 2 trillion dollars in debt - not to mention the many many trillions of off book derivatives they wouldn't be able to service either. it would sink our economy - and the global economy.

Hmmm I am gonna look up stats on this I think that while youa re right ther are many many banks whos ass is on the line

Xenophage · 07-01-2005, 09:06 PM

http://www.homeownershipalliance.com...eownership.php

Who are the major investors in mortgages in the United States?

In 1999, commercial banks and thrifts provided about 27 percent of the total investment in mortgages. Fannie Mae and Freddie Mac accounted for 17 and 16 percent of mortgages respectively. The rest of the investment came from life insurance companies, pension funds, credit unions, foreign investors and other sources, including private individuals.

dopeman · 07-01-2005, 09:20 PM

Quote:

Originally Posted by LegendaryLars

http://www.homeownershipalliance.com...eownership.php

Who are the major investors in mortgages in the United States?

In 1999, commercial banks and thrifts provided about 27 percent of the total investment in mortgages. Fannie Mae and Freddie Mac accounted for 17 and 16 percent of mortgages respectively. The rest of the investment came from life insurance companies, pension funds, credit unions, foreign investors and other sources, including private individuals.

hmm. good link, but i bet that number has grown significantly. nevertheless, those "companies" are known as government sponsored enterprises (GSEs). that means they are backed up by the federal gov't. this enables them to borrow on the cheap to buy mortgages. they can borrow cheap, because their debt is backed up by the treasury. both of them have been in deep shit recently, and i bet you the true damage is only known to a few deep insiders. if the public knew how fucked they were, people might panic. 2 trillion dollar between them is huge when our total GDP is - what - 10 - 11 trilion?

Xenophage · 07-01-2005, 09:24 PM

Quote:

Originally Posted by dopeman

hmm. good link, but i bet that number has grown significantly. nevertheless, those "companies" are known as government sponsored enterprises (GSEs). that means they are backed up by the federal gov't. this enables them to borrow on the cheap to buy mortgages. they can borrow cheap, because their debt is backed up by the treasury. both of them have been in deep shit recently, and i bet you the true damage is only known to a few deep insiders. if the public knew how fucked they were, people might panic. 2 trillion dollar between them is huge when our total GDP is - what - 10 - 11 trilion?

Yup I have been watching them on and off for the last year or so..

I made a few bucks in Fannie when it took a big dup on panic selling whenthere was some rumors of problems.

Xenophage · 07-01-2005, 09:24 PM

bought at 62 sold at 65 in like 10 days was not too chabby

never went back to it.. and now I am glad i did not

dopeman · 07-01-2005, 09:28 PM

Quote:

Originally Posted by LegendaryLars

bought at 62 sold at 65 in like 10 days was not too chabby

never went back to it.. and now I am glad i did not

ever read the book 'Infectious Greed'? if you want to know the true, dirty details about derivatives schemes and the trillions of dollars behind them, you should read that. if you 'get it', it will scare you death. there's so many 'bets' out there being placed by these huge behemoths on interest rates, and it's mostly all off book. Buffett called derivates the 'weapons of mass destruction' of the ecomomy (or something like that).

martyVP · 07-01-2005, 11:38 PM

i would not touch real estate right now,,,its no different than the stock market bubble.

All the sheep just follow.

Kimmykim · 07-02-2005, 12:45 AM

Quote:

Originally Posted by LegendaryLars

bought at 62 sold at 65 in like 10 days was not too chabby

never went back to it.. and now I am glad i did not

Lars, did you ever give any thought to maybe buying the Freddie Mac intermediate term bonds that rose from junk status to investment grade during this same period? Not only would you have made more on the face of the bonds but you'd still be making interest on them today

06-30-2005, 12:44 PM	#1
Xenophage Registered User Industry Role: Join Date: Oct 2001 Posts: 12,122	FED Raises Rates another 1/4 % Housing bubble .... FED Raises Rates another 1/4 % housing looks more shakey with every rate rise.

06-30-2005, 12:57 PM	#4
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,504	That move pissed me off big time. I was going to do a large forex conversion today and my broker told me to wait until Monday to see if it will work in my favour. That move greenspan did would have cost me nearly $400. Damn! WG __________________ I play with Google. Last edited by WiredGuy; 06-30-2005 at 12:58 PM..

06-30-2005, 12:59 PM	#6
Dollarmansteve Confirmed User Join Date: May 2005 Location: T.O. Posts: 2,849	"The market can stay irrational far longer than you or I can stay solvent" __________________ I died.

06-30-2005, 01:45 PM	#7
Furious_Male Doing the grind since 99 Industry Role: Join Date: Oct 2003 Location: Buffalo NY Posts: 16,883	Well he scared the piss out of the average investor causing the stock market to dip pretty hard again. Time to add to some key positions during this dip. __________________ Living in Virtual Reality Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedws

06-30-2005, 04:03 PM	#10
greentea Confirmed User Join Date: Mar 2002 Location: South Florida Posts: 6,580	my girlfreind and i just bought a house here in florida for $300,000, 2 years ago the guy paid for it $170,000.. This market will crash hard, this bubble will burst in the next 3-5 years. Real estate in palm beach alone has jumped $100,000 in just one year! I kick myself in the ass for not buying a home 2-5 years ago. __________________ blunts

06-30-2005, 12:49 PM	#2
Azlord Confirmed User Industry Role: Join Date: Dec 2003 Location: City... City of Satan Posts: 2,651	Greenspan is one smart dude. I think he knows what he is doing when it come to rates. He also said in that article that the economy is on a steady footing. I thought I heard something about him leaving soon. I would start to get very worried then.

06-30-2005, 12:51 PM	#3
triumph Confirmed User Industry Role: Join Date: Dec 2002 Location: Los Angeles Posts: 3,433	As far as Real Estate goes, I am beginning to start using the statement "what goes up MIGHT come down." it is a crazy market.

06-30-2005, 07:04 PM	#15
yys Confirmed User Join Date: Aug 2001 Posts: 1,922	Reichmann knows property meltdowns: 'It's time to sell' "I think the euphoria out there and the expectations that it drives is just asking for trouble." said Mr. Reichmann "There is too much enthusiasm. You know in the real estate game if you wait a little too long you get killed. I've been there, done that. I don't want to do it again. I want to get out at the right time."

06-30-2005, 07:06 PM	#16
dopeman Confirmed User Join Date: Jan 2005 Posts: 294	the fact that bond prices actually went UP does not bode well for this economy. that ain't spose to happen.

07-01-2005, 10:49 AM	#24
mockingbich Confirmed User Join Date: Feb 2004 Posts: 274	Ya'll are correct to worry about a housing bubble But this current market is not like any other in American's past. Much of the growth is fueled by illegal immigration and foreigners buying american real estate through fraudulent loans Why is it that houses in dumps like south central LA are selling for 300,000? WHo is buying them? There is a list of illegals bidding for these shitholes and banks all too willing to accept questionable identification to secure the loan So until Bush decides to close out borders and enforce immigration law... this boom will not end. It will continue until the social problems, high taxes, and corporate corruption of so many illegal aliens and foreigners catches up with us

07-01-2005, 10:57 AM	#25
mockingbich Confirmed User Join Date: Feb 2004 Posts: 274	Check this out: IF Bush is able to push through his social security "privatization." There will be another housing boom following on the tails of the last one. Understand, privatization is NOT personal ownership of social security accounts. It is an attempt to NATIONALIZE the New York Stock exchange. If the government is the largest shareholder than the government runs the stock market. The government can inflate the stock market with SS dollars and make lots of party donors very rich men. This isn't a democrat/ republican thing... it's all about the benjamins Many babyboomers are saving for retirement and dumping their money into mutual funds. They are patiently waiting and hoping that their investments pay off while listening to "doom and gloom" predictions of a housing bubble. IF social security is "privatized," Then their portfolios will all skyrocket like they did during the internet tech bubble of the nineties. These boomers will feel invincible and will be willing to spend money on new homes etc. So in my opinion, IF there is social security "privatization", there will continue to be rising housing prices And don't listen to the people that say Bush's SS plan is dead - cuz it ain't even close - BUSH WILL cut some crazy deals with Democrats - there is too much money at stake

07-01-2005, 11:35 AM	#28
Kimmykim bitchslapping zebras!!!!! Industry Role: Join Date: Jun 2001 Location: In a shack by the beach Posts: 16,015	There are definitely too many people living in houses they have no equity in. And even more with property they don't live in, they don't have equity in, and bought only for speculation.

07-01-2005, 11:38 AM	#29
BRISK Too lazy to set a custom title Join Date: Feb 2003 Posts: 12,240	http://www.businessweek.com/magazine...2001_mz001.htm __________________ I post on GFY so that when people ask me what I do, I can tell them that I work with the mentally retarded.

07-01-2005, 12:16 PM	#32
VeriSexy Join The Royal Family Join Date: Apr 2002 Posts: 25,463	Yup, all these interest rate hikes will really suck for the housing market __________________ Looking for a KICK ASS TEEN SPONSOR? Check out ROYAL CASH - THE KING OF TEEN! Incredible webmaster tools FHGs, Morphing Blog and RSS Feeds, Embedded FLV & WMV Videos. With TOP RATIO Sites like TeenStarsOnly.com - Earn $$ with our New Site & Bonus Payouts!! ATMovs.com \| iTeenVideo.com \| TeenSexMovs.com \| TeenSexMania.com

07-01-2005, 12:17 PM	#33
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	WG you are lucky it is only 400$ imagine 4k. that would really suck major ass. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

07-01-2005, 09:02 PM	#42
wimpy Confirmed User Industry Role: Join Date: Jan 2003 Location: Cali Posts: 607	I read recently that foreclosures have gone way up lately. could have been a blip, but maybe not. Foreclosures tend to be a lagging indicator (it takes time for a foreclosure to happen after the guy gets into financial trouble, hence the lag) of serious economic trouble. __________________ Fyodor Dostoyevsky wrote: "Every man has reminiscences which he would not tell to everyone but only his friends. He has other matters in his mind which he would not reveal even to his friends, but only to himself, and that in secret. But there are other things which a man is afraid to tell even to himself, and every decent man has a number of such things stored away in his mind." icq 8243657

07-01-2005, 09:06 PM	#44
Xenophage Registered User Industry Role: Join Date: Oct 2001 Posts: 12,122	http://www.homeownershipalliance.com...eownership.php Who are the major investors in mortgages in the United States? In 1999, commercial banks and thrifts provided about 27 percent of the total investment in mortgages. Fannie Mae and Freddie Mac accounted for 17 and 16 percent of mortgages respectively. The rest of the investment came from life insurance companies, pension funds, credit unions, foreign investors and other sources, including private individuals.

07-01-2005, 09:24 PM	#47
Xenophage Registered User Industry Role: Join Date: Oct 2001 Posts: 12,122	bought at 62 sold at 65 in like 10 days was not too chabby never went back to it.. and now I am glad i did not

07-01-2005, 11:38 PM	#49
martyVP Confirmed User Join Date: Aug 2004 Posts: 1,917	i would not touch real estate right now,,,its no different than the stock market bubble. All the sheep just follow.