Comments on: Fed Funds Rate now at 3% http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/ Seattle's Leading Resource for Real Estate Information Wed, 17 Mar 2010 00:55:16 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: What Drives an Active Online Community? | Seattle Real Estate ~ Rain City Guide http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-322617 What Drives an Active Online Community? | Seattle Real Estate ~ Rain City Guide Wed, 30 Jul 2008 22:27:05 +0000 http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-322617 [...] Fed Funds Rate now at 3% by Rhonda [...] [...] Fed Funds Rate now at 3% by Rhonda [...]

]]> By: Eleua http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-265259 Eleua Sun, 17 Feb 2008 06:16:49 +0000 http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-265259 Jay, Do you have any clue what the FED actually does? Let me give you a little insight into where we are. The bank run has already occurred, and the banks made a run on the FED. The FED is $18B in the hole and it is increasing almost $500M per day. The depositors run on the banks is just around the corner. They could drop to 0% tomorrow and nothing would change. Jay,

Do you have any clue what the FED actually does?

Let me give you a little insight into where we are.

The bank run has already occurred, and the banks made a run on the FED. The FED is $18B in the hole and it is increasing almost $500M per day.

The depositors run on the banks is just around the corner.

They could drop to 0% tomorrow and nothing would change.

]]> By: Jay Skinner http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-259828 Jay Skinner Sat, 09 Feb 2008 23:29:48 +0000 http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-259828 The Federal reserve bank needs to drop the interest rates, maybe back to 1%. Once the economy stabilized, the federal reserve bank need to increase the rates gradually (not like they did before, a quarter point every time they meet). The Federal reserve bank needs to drop the interest rates, maybe back to 1%. Once the economy stabilized, the federal reserve bank need to increase the rates gradually (not like they did before, a quarter point every time they meet).

]]> By: ARDELL http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-256064 ARDELL Mon, 04 Feb 2008 17:42:33 +0000 http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-256064 E, I would...but I still don't give a RA LOL. I pick it up as and when it affects real estate. Some of it does and some of it doesn't and some of it does here but not there :) Just a colon and a right parenthesis. I'm adoring your new style BTW. Maybe we "center" one another. E,

I would…but I still don’t give a RA LOL. I pick it up as and when it affects real estate. Some of it does and some of it doesn’t and some of it does here but not there :)

Just a colon and a right parenthesis.

I’m adoring your new style BTW. Maybe we “center” one another.

]]> By: Eleua http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-256054 Eleua Mon, 04 Feb 2008 17:27:56 +0000 http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-256054 Ardell, No idea about Kenneth. Glad to hear your market is doing well enough. My RE sources on the Westside are starting to confirm my thesis. One friend is having her business go up while sales and prices are down. Reason? The newbie agents are getting washed out. I'm hearing that the sellers are starting to grasp reality, and that is lubricating sales. Buyers think they are getting the deal of the century, when it is the sellers that are getting the deal of the century. Hope all is well. Stop by a banker and tell him you give a RA. (btw, how do you do smiley codes on this forum?) All the best, E Providing a "center" for RE professionals since 2006.... Ardell,

No idea about Kenneth.

Glad to hear your market is doing well enough. My RE sources on the Westside are starting to confirm my thesis. One friend is having her business go up while sales and prices are down. Reason? The newbie agents are getting washed out.

I’m hearing that the sellers are starting to grasp reality, and that is lubricating sales. Buyers think they are getting the deal of the century, when it is the sellers that are getting the deal of the century.

Hope all is well. Stop by a banker and tell him you give a RA.

(btw, how do you do smiley codes on this forum?)

All the best,
E

Providing a “center” for RE professionals since 2006….

]]> By: ARDELL http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-256041 ARDELL Mon, 04 Feb 2008 17:04:47 +0000 http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-256041 E, You are so often so misunderstood. What do you think of this Kenneth guy? I can't seem to figure out where he is coming from yet. Sometimes I think he is an agent, but I hope not. E,

You are so often so misunderstood. What do you think of this Kenneth guy? I can’t seem to figure out where he is coming from yet. Sometimes I think he is an agent, but I hope not.

]]> By: Eleua http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-256036 Eleua Mon, 04 Feb 2008 16:54:28 +0000 http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-256036 Kenneth, Just as a point-of-order... I'm not trying to silence anyone. I'm trying to get them to think. Kenneth,

Just as a point-of-order…

I’m not trying to silence anyone. I’m trying to get them to think.

]]> By: Kary L. Krismer http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-255987 Kary L. Krismer Mon, 04 Feb 2008 15:15:59 +0000 http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-255987 E--Good post. E–Good post.

]]> By: ARDELL http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-255762 ARDELL Mon, 04 Feb 2008 07:50:13 +0000 http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-255762 LOL E! Actually close to Microsoft is faring much better than other areas. See my Sunday night stats. The less desireable areas that didn't appreciate as much, are also the same areas that are getting hit the hardest with fewer buyers. Buying where it's cheaper is generally not a good plan...it's cheaper for a reason. LOL E! Actually close to Microsoft is faring much better than other areas. See my Sunday night stats. The less desireable areas that didn’t appreciate as much, are also the same areas that are getting hit the hardest with fewer buyers.

Buying where it’s cheaper is generally not a good plan…it’s cheaper for a reason.

]]> By: Eleua http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-255739 Eleua Mon, 04 Feb 2008 06:47:44 +0000 http://raincityguide.com/2008/01/30/fed-funds-rate-now-at-3/#comment-255739 You guys are great! This is one of the better threads ever on RCG (with the exception of Ardell's "I don't give an RA about banks) thread. It's nice to be recognized as the industry leader in gloomy stats. Thanks. Anyway...back to my style of commenting.... Yes, I did throw out some grade A snark at the end of post #77, and that was to try to slap people into thinking about what is ACTUALLY being said by both sides. On one side, we have all the "Golly-gee, Beav, if we just didn't panic and trusted all the powers-that-be, our situation as the landed-class would be permanently cemented. Wouldn't that be swell?" On the other side, we have people that are actually trying to get you to think about "what if...?" It was the Bubble Bloggers that got this right. It wasn't the case of a broken clock eventually telling the correct time. We all said that the lending market was unstable, and that all of you were loaning lots of money to louts, and they would default. The REAL story is going to be when the A-paper defaults in large numbers. Yes, that will happen. There isn't enough money on earth to bail that out. What if...we went too far in getting people into homes? What if...homes are overpriced on the Eastside? What if...mortgage rates go up appreciably? What if...lending standards are about to tighten beyond our life's experience? What if...we are in too much debt? What if...the banks are about to blow? What if...the FEDERAL RESERVE is out of reserves? What if...the FDIC has only $50B and your demand account is thrid in line to get paid? What if...the bond insurers get downgraded? Would you want to be burdened with debt, overpriced assets, low liquidity, and a job that is linked to the credit bubble, REIC, and consumer discretionals? Hey, I could be wrong. It happened a few years ago, and it might happen again. If I am totally off base, then enjoy your Eastside home. If you are within 20mins of Microsoft, it will probably appreciate to 400X income within the next decade. If I am right...Pioneer Square flophouse. You guys are great! This is one of the better threads ever on RCG (with the exception of Ardell’s “I don’t give an RA about banks) thread.

It’s nice to be recognized as the industry leader in gloomy stats. Thanks.

Anyway…back to my style of commenting….

Yes, I did throw out some grade A snark at the end of post #77, and that was to try to slap people into thinking about what is ACTUALLY being said by both sides.

On one side, we have all the “Golly-gee, Beav, if we just didn’t panic and trusted all the powers-that-be, our situation as the landed-class would be permanently cemented. Wouldn’t that be swell?”

On the other side, we have people that are actually trying to get you to think about “what if…?” It was the Bubble Bloggers that got this right. It wasn’t the case of a broken clock eventually telling the correct time. We all said that the lending market was unstable, and that all of you were loaning lots of money to louts, and they would default.

The REAL story is going to be when the A-paper defaults in large numbers. Yes, that will happen. There isn’t enough money on earth to bail that out.

What if…we went too far in getting people into homes?
What if…homes are overpriced on the Eastside?
What if…mortgage rates go up appreciably?
What if…lending standards are about to tighten beyond our life’s experience?
What if…we are in too much debt?
What if…the banks are about to blow?
What if…the FEDERAL RESERVE is out of reserves?
What if…the FDIC has only $50B and your demand account is thrid in line to get paid?
What if…the bond insurers get downgraded?

Would you want to be burdened with debt, overpriced assets, low liquidity, and a job that is linked to the credit bubble, REIC, and consumer discretionals?

Hey, I could be wrong. It happened a few years ago, and it might happen again. If I am totally off base, then enjoy your Eastside home. If you are within 20mins of Microsoft, it will probably appreciate to 400X income within the next decade.

If I am right…Pioneer Square flophouse.

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