Comments on: $6 TRILLION in Homeowner Wealth to Vanish – If We Are Lucky http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/ Your personal tour guide through the housing finance "misinformation maze". Thu, 14 May 2009 13:28:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mr. Mortgage’s Guide to the TRUTH! » Number of Foreclosed Homes Keeps Rising http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/comment-page-1/#comment-963 Mr. Mortgage’s Guide to the TRUTH! » Number of Foreclosed Homes Keeps Rising Mon, 02 Jun 2008 13:34:44 +0000 http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/#comment-963 [...] $6 Trillion in Homeowner Wealth to Vanish…If we are lucky! [...] [...] $6 Trillion in Homeowner Wealth to Vanish…If we are lucky! [...]

]]> By: Marc Authier http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/comment-page-1/#comment-465 Marc Authier Sun, 11 May 2008 05:29:02 +0000 http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/#comment-465 New estimate. 10 trillion. http://www.leap2020.eu/GEAB-in-English_r25.html?PHPSESSID=c4441f8ab630d692f1f66eca48a79cfe New estimate. 10 trillion.

http://www.leap2020.eu/GEAB-in-English_r25.html?PHPSESSID=c4441f8ab630d692f1f66eca48a79cfe

]]> By: Marc Authier http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/comment-page-1/#comment-426 Marc Authier Fri, 09 May 2008 09:12:02 +0000 http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/#comment-426 Oil at almost 125$ and who knows ? at 150$. Iran is promissing to the USA a 200$. Oil price will hasten the downfall and accelerate the losses. It's really funny to see banks only recogninizing a puny 366 billion. What a bunch of crooks! Who in the hell are they kidding ? What a bunch of hypocrits. Anyways nobody now believes their phony-baloney numbers. Make believe banking. Banks have a lot in common with the White House and Bush/Clinton.Have they found the arms of mass destruction in Irak yet ? I wonder how the whole system is still holding in one piece? Massive losses, bankruptcies and dilutions are coming. AIG after losing 8 billion, has warned that additional losses are very probable. Wow! That is a great argument for buying 12,5 billion of new stock ! Oil at almost 125$ and who knows ? at 150$. Iran is promissing to the USA a 200$. Oil price will hasten the downfall and accelerate the losses. It’s really funny to see banks only recogninizing a puny 366 billion. What a bunch of crooks! Who in the hell are they kidding ?

What a bunch of hypocrits. Anyways nobody now believes their phony-baloney numbers. Make believe banking. Banks have a lot in common with the White House and Bush/Clinton.Have they found the arms of mass destruction in Irak yet ? I wonder how the whole system is still holding in one piece? Massive losses, bankruptcies and dilutions are coming. AIG after losing 8 billion, has warned that additional losses are very probable. Wow! That is a great argument for buying 12,5 billion of new stock !

]]> By: Marc Authier http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/comment-page-1/#comment-348 Marc Authier Wed, 07 May 2008 04:30:31 +0000 http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/#comment-348 They will suck mostly the foreign investors. I saw the same pattern during the internet bubble and the real estate bubble. It would be nice to cover frome time to time the foreign markets. Spain, Ireland and Britain look a lot like the USA. People don't even get it. It's far worse than 6 trillion. Most of the markets in Europe, as far away places like Bulgaria or Ukraine, are in bubble state too. They will suck mostly the foreign investors. I saw the same pattern during the internet bubble and the real estate bubble. It would be nice to cover frome time to time the foreign markets. Spain, Ireland and Britain look a lot like the USA. People don’t even get it. It’s far worse than 6 trillion. Most of the markets in Europe, as far away places like Bulgaria or Ukraine, are in bubble state too.

]]> By: Kevin http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/comment-page-1/#comment-259 Kevin Fri, 02 May 2008 20:03:51 +0000 http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/#comment-259 Let them have their little rally. They'll sucker some more folks that haven't done their homework to dump what little cash they have left back into the Dow or a house, then watch it instantly disappear when the next shoe drops. It's what they deserve for not doing their homework. Mr. Mortgage, your insight is invaluable. You articulate what we all suspected was going on. Watching the news outlets talk about "an end of gloom" is not only cringingly asinine, but a mischaracterization of what's happening. As somebody recently said, "pointing out a hole in the boat is not the same as forsaking the boat itself." I can't wait to watch the collective shock when the next round of real news hits. Let them have their little rally. They’ll sucker some more folks that haven’t done their homework to dump what little cash they have left back into the Dow or a house, then watch it instantly disappear when the next shoe drops. It’s what they deserve for not doing their homework.

Mr. Mortgage, your insight is invaluable. You articulate what we all suspected was going on. Watching the news outlets talk about “an end of gloom” is not only cringingly asinine, but a mischaracterization of what’s happening. As somebody recently said, “pointing out a hole in the boat is not the same as forsaking the boat itself.”

I can’t wait to watch the collective shock when the next round of real news hits.

]]> By: Mortgageman85 http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/comment-page-1/#comment-253 Mortgageman85 Fri, 02 May 2008 12:40:36 +0000 http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/#comment-253 Question, Lets say you bought a house somewhere in CA in 2002 that cost you say $300,000. You bought it with fully documented conventional financing. The house escalated in value to $800,000 in 2006. You stayed put and celebrated your new found wealth. House hase since devalued down to $400,000. 1. Question,

Lets say you bought a house somewhere in CA in 2002 that cost you say $300,000. You bought it with fully documented conventional financing. The house escalated in value to $800,000 in 2006. You stayed put and celebrated your new found wealth.

House hase since devalued down to $400,000.

1.

]]> By: Hank Jestor http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/comment-page-1/#comment-252 Hank Jestor Fri, 02 May 2008 08:37:11 +0000 http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/#comment-252 I love to see the denial in the comments on the article. Its just phantom wealth. Like they didn't refinance or have Heloc's on their houses. I love to see the denial in the comments on the article. Its just phantom wealth. Like they didn’t refinance or have Heloc’s on their houses.

]]> By: Maria dos Santos http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/comment-page-1/#comment-251 Maria dos Santos Fri, 02 May 2008 07:33:31 +0000 http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/#comment-251 Lies,lies and yet more lies,no not from you Mr Mortgage but the banks,brokerage houses,the main stream media and of course our clever Ivy League/oxbridge educated politicians.Here in the UK and Europe,particularly the UK,our senior central banker has stooped to hide the real problems stemming from America and British mortgage,by using draconian legislation.Such is life in old Blighty and Europe. Yet David Einhorn warns of collusion within the SEC,the monolines and big banks;he is awaiting a subpoena from the regulators.Gary North screams INFLATION,yet seem like a voice in the wilderness.Yet these voices carrying the truth are villified and mocked in the media and ignored by those who should know better.In a democracy GOOD law should prevail and law passed shoul be adhered to by ALL,yes even the elite.If as in this financial crisis law is not adhered to,yes even by lawyers and accountants,then this is indeed a potent symbol of the endgame of what was once democracy. Keep shouting in the wilderness some do listen. Lies,lies and yet more lies,no not from you Mr Mortgage but the banks,brokerage houses,the main stream media and of course our clever Ivy League/oxbridge educated politicians.Here in the UK and Europe,particularly the UK,our senior central banker has stooped to hide the real problems stemming from America and British mortgage,by using draconian legislation.Such is life in old Blighty and Europe.
Yet David Einhorn warns of collusion within the SEC,the monolines and big banks;he is awaiting a subpoena from the regulators.Gary North screams INFLATION,yet seem like a voice in the wilderness.Yet these voices carrying the truth are villified and mocked in the media and ignored by those who should know better.In a democracy GOOD law should prevail and law passed shoul be adhered to by ALL,yes even the elite.If as in this financial crisis law is not adhered to,yes even by lawyers and accountants,then this is indeed a potent symbol of the endgame of what was once democracy.
Keep shouting in the wilderness some do listen.

]]> By: » $6 TRILLION in Homeowner Wealth to Vanish - If We Are Lucky Home Equity on The Finance World For News and Information Around The World On Finance: Find Info, News and More on Home Equity http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/comment-page-1/#comment-250 » $6 TRILLION in Homeowner Wealth to Vanish - If We Are Lucky Home Equity on The Finance World For News and Information Around The World On Finance: Find Info, News and More on Home Equity Fri, 02 May 2008 06:30:14 +0000 http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/#comment-250 [...] $6 TRILLION in Homeowner Wealth to Vanish - If We Are Lucky Remember those $1.3 TRILLION in home equity lines and loans spread around a small number of large banks (BAC, WFC, JPM, C, WM, NCC, GMAC, CFC… [...] [...] $6 TRILLION in Homeowner Wealth to Vanish – If We Are Lucky Remember those $1.3 TRILLION in home equity lines and loans spread around a small number of large banks (BAC, WFC, JPM, C, WM, NCC, GMAC, CFC… [...]

]]> By: Karl http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/comment-page-1/#comment-249 Karl Fri, 02 May 2008 05:56:10 +0000 http://mrmortgage.ml-implode.com/2008/05/01/6-trillion-in-homeowner-wealth-to-vanish-if-we-are-lucky/#comment-249 That estimate is light - mine is $10 trillion. That estimate is light – mine is $10 trillion.

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