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re: More FHA insanity
Posted on 11/20/09 at 1:25 pm to Tiger JJ
Posted on 11/20/09 at 1:25 pm to Tiger JJ
This is so absurd, enough to make anyone's blood boil.
Is there any instance in recorded history of a country getting out of a credit bubble by incentivizing its citizens to take on MORE debt?
For the life of me I can't comprehend why folks like Ken Rogoff, who studied these episodes back to 14th century England, get completely disregarded.
BTW, Jersey Tiger - I seem to recall your discussing housing in Kirkland, WA at one point. I can't find the thread but where in Kirkland were you looking? I used to own a house near 85th St and 124th Ave, about a mile north of that intersection. Bought in 04, sold in mid-08, wound up being quite fortunate timing.
Is there any instance in recorded history of a country getting out of a credit bubble by incentivizing its citizens to take on MORE debt?
For the life of me I can't comprehend why folks like Ken Rogoff, who studied these episodes back to 14th century England, get completely disregarded.
BTW, Jersey Tiger - I seem to recall your discussing housing in Kirkland, WA at one point. I can't find the thread but where in Kirkland were you looking? I used to own a house near 85th St and 124th Ave, about a mile north of that intersection. Bought in 04, sold in mid-08, wound up being quite fortunate timing.
2
Posted on 11/20/09 at 1:59 pm to Reauxhan
Disregarded by who? Politicians? 
Dude is only the chair of one of the most prestigious economics departments in the world (while receiving degrees from two others), what could he possibly know. It's not like he produced one of the most oft-cited research papers on debt crises in recent memory. I reallyreallyreallyreally dislike politicians.
Dude is only the chair of one of the most prestigious economics departments in the world (while receiving degrees from two others), what could he possibly know. It's not like he produced one of the most oft-cited research papers on debt crises in recent memory. I reallyreallyreallyreally dislike politicians.
Posted on 11/20/09 at 2:30 pm to Reauxhan
quote:
BTW, Jersey Tiger - I seem to recall your discussing housing in Kirkland, WA at one point. I can't find the thread but where in Kirkland were you looking? I used to own a house near 85th St and 124th Ave, about a mile north of that intersection. Bought in 04, sold in mid-08, wound up being quite fortunate timing.
I bought a tiny condo at foreclosure auction last month just to learn how the system works. I'm flipping it out for small profit, should close in 2 weeks.
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