'The US housing bubble will disappear'

in2perspective ^ | September 11, 2006 | Laurie Osborne

[GodGunsGuts]

Only when my previous trade resulted in profits.

[Toddsterpatriot]

Only when my previous trade resulted in profits.

And we wouldn't want to assume that. LOL!

[GodGunsGuts]

I took some losses to reposition at lower prices. Turned out to be the right decision. I didn't get charged broker commissions. I'm already up $20.00 on my new positions, not to mention what I saved by getting out of my higher positions.

[Toddsterpatriot]

I'm already up $20.00 on my new positions,

Don't forget the $8 spread.

[Fan of Fiat]

I'm already up $20.00 $3.00 on my new positions,

Don't forget commissions!

[Fan of Fiat]

GGG - Forgot to ping you to 425.

[Toddsterpatriot]

I'm already up $20.00 $3.00 $1.00 on my new positions,

Don't forget margin interest.

[Fan of Fiat]

I'm already up $20.00 $3.00 $1.00 $0.00 on my new positions,

And storage fees!

[Toddsterpatriot]

The shiny metal god is deeply saddened.

[Fan of Fiat]

And... Since gold bullion is taxed at the 28% collectibles rate, you lose an extra 13% of your profit when you sell compared to investing in equities. More chump change I guess.

[Petronski]

All of which tends to prove Gigi, er, I mean GGG is MakingCrapUp™.

[Toddsterpatriot]

you lose an extra 13% of your profit when you sell compared to investing in equities.

The good news is that my stock dividends are taxed at 15% while gold dividends are still taxed at 0%.

[Pelham]

That's been the case in southern California.

[Pelham]

Why don't you try digging up another definition of 'bubble' from Kindleberger? That last attempt of yours was ... impressive.

[Pelham]

Ha!

[Pelham]

How about you buy a little avocado-ranchette in Fallbrook and show him you're fearless.

[Pelham]

I am disputing the claim that banks are giving reverse mortgages to people with no equity - the specific combination of a no money down reverse mortgage. Which I regard as mythical hyperbole from bears who will say anything about real estate and maybe even believe it, but are out of touch with reality.

You can dispute it all you want. Payment option ARMs allow the borrower to pay less than what is required to cover even the interest on his loan. The difference is added to the principal of the loan each month. These loans have become very common in southern California. Research will serve you better than attitude, but suit yourself.

[JayHawk Phrenzie]

bub¡Eble /ˈbʌbəl/ Pronunciation Key - Show Spelled Pronunciation[buhb-uhl] Pronunciation Key - Show IPA Pronunciation noun, verb, -bled, -bling. ¡Vnoun 1. a nearly spherical body of gas contained in a liquid. http://www.youtube.com/watch?v=cFRRTIuUb7Q

[JasonC]

Sure, but people who have them have equity in their homes. Making things up remains lying by any other name.