Interesting parallels from 1999?

[touchring]

Originally Posted by clipper

Easy, sounds like you're pumping SKF

And, yes, I believe real estate has a lot more downside risk.

Not really, i'm using Skf to hedge, not to speculate. I'm now hoping for a bear rally so that i can accumulate more SKF. The naked short ban is in fact a godsend opportunity to long SKF. If they ban shorts entirely, it will even be better.

[phio]

We saw similar things happen to banking during the S&L crisis. At that time one could get a fake-doc loan and even the realtors were faking docs -- mine offered but I passed.
Regulations tightened, but banks like Indymac continued and got real greedy, giving away loans to totally unqualified buyers, then dumping them for quick cash. I think big corps like bofa and countrywide got a little pissed about this. They were also pissed watching many companies (i.e. oil) make HUGE profits, and thought how can we get into the huge profit game.

1. Devalue the Market
2. Expose fraudulent loans
3. Devalue the Market
4. Buyers now have a good reason dump their mortgages
5. Devalue the Market - and don't let too many foreigners invest (homeland security)
6. Fed takes over the Fraudulent Lenders as more homes foreclose
7. Devalue the market -- keep those europeans out of NYC, don't let them buy.
8. At this point the banks decide to hold on to their prime foreclosed REO
and dump the bad homes.
9. Devalue the Market
10. US Govt sees the games the banks are playing and wants a piece of the action and signs an emergency rescue bill
11. Stabillize the Market with false economic news (Last WEEK)
12. US govt grants loans to save homes in good areas with good borrowers where the market will improve. (Last WEEK)
13. Banks didn't see it coming, but continue to hold prime real estate, and don't sell even to those with full price CASH
14. After the banks and US govt have locked in the great real estate
it's time to watch the Real Estate Market LEAP UPWARDS.
15. 2009 Real Estate in Florida and in California is back to 2006 LEVELS
16. Surprise surprise, banks own some billions of dollars in Homes, time to SELL
17. Surprise surprise the US govt gets 50% of the equity and makes Billions.
18. Take that OIL COMPANIES
19. Take that Indymac
20. Is this what's really happening?....don't know, just theory...

[touchring]

How would that be possible if buffet and soros isn't buying?

Originally Posted by phio

5. Devalue the Market - and don't let too many foreigners invest (homeland security)
7. Devalue the market -- keep those europeans out of NYC, don't let them buy.
some billions of dollars in Homes, time to SELL

[clipper]

Originally Posted by touchring

How would that be possible if buffet and soros isn't buying?

Re-read:

Originally Posted by phio
5. Devalue the Market - and don't let too many foreigners invest (homeland security)
7. Devalue the market -- keep those europeans out of NYC, don't let them buy.
some billions of dollars in Homes, time to SELL

A faux-war on a concept can easily tie up a few trillion.

[phio]

Well basically after getting screwed by exxon and chevron, not sure anyone trusts anyone anymore.

Buying will happen....

think about it, probably half of americans have bad credit now, regardless of what fico says.

So, there will have to be something that changes the way banks will be able to sell thier properties....perhaps there will be a class action agains FICO, TransUnion, Equifax etc.

Who knows, or the dollar will drop down even more as housing prices rise, and incentives are created to enable foreigners to buy with little or no credit.

They did this with our jobs, remember that those that came to america for technical work did not need to qualify. They were just hosted by their offshore company and if they didn't do the work were replaced. But since we all trained them how to do our jobs, they really couldn't fail.

The Banks and govt. could do the same thing with Real Estate...make it hard to buy if you are american, but fore go restrictions on Buyers from out of the country. Plus the foreign downpayments wil probably be bigger.

[mj]

Originally Posted by alphamale

I thought dnlocal was the place to catch up on all the worldwide financial whisperings (or the place to avoid if your interest was in domains)

nice seeing you here RD, but I do hope that all threads won't now be poisoned with financial woes drivvle... personally if I want that I can go read a million journals.

Should we create a new section for Financial Discussion? Seriously, I can do it if people want it. Then people who don't want to read that stuff can just skip that section.

Seriously, do try to keep the threads on topic. Management of this is up to the moderators... I was just wondering when we are going to see an article in CNN about IDNs starting to be used, like the ccTLD article that I referenced. Back then, they basically said that ccTLDs weren't worth jack shit. But today, by sales reports for one thing, we know that prime domains in several of the ccTLDs are very valuable (.de, .co.uk, etc).

For most of us, the value of our prime domains will never sink below our acquisition costs, and online advertising increases during recessions, so there is no direct correlation to real-estate unless you only have selling in mind.

And yes, I'm glad to see you here, RD :-)

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[alphamale]

Originally Posted by mj

Should we create a new section for Financial Discussion? Seriously, I can do it if people want it. Then people who don't want to read that stuff can just skip that section.

I know some days are slow on domain related news topics, and I can handle that, but what is even more despressing is logging in, hitting new posts, and seeing a page full of "U.S bust" "bush is a twat". I honestly prefer to see the gucci handbags and prada shoe threads instead.

Try going to a financial forum and asking if they will add a new section to discuss domain names.. i think you won't last too long.

Here's a radical idea, how about we create a forum to discuss domain names

[phio]

oops, got a little carried away....

as far as cctlds, I think we were all surprised by the sales. I also think it has been a last ditch effort (along with .me and .ca) for the ringleaders to hold onto the thrown. As more and more folks are trickling over here, they are beginning to realize the potential with IDNs. And I think the lurkers are also beginning to come out.

[alphamale]

Originally Posted by phio

o..And I think the lurkers are also beginning to come out.

agreed.

IDN is still a dirty word to most though

I spend waaay too long in the whois, and whats funny is that IDN must have the highest use of domain privacy on the prime terms.

It seems $1 a name is a small price to pay to not publicly show belief in moonie domains

[mj]

Originally Posted by alphamale

It seems $1 a name is a small price to pay to not publicly show belief in moonie domains

Or not to divulge your acquisition strategy. Damn Westerdal.

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