Comments on: Afternoon Edition of Friday’s Rates

By: Dave Bacon

Dave Bacon — Thu, 25 Sep 2008 01:29:26 +0000

christiangustafson reminds me of my favorite quote from Philip K Dicks novel “The Transmigration of Timothy Archer”:

“Dreams of poverty excited universal enjoyment in Berkeley, coupled with the hope that the political and economic situation would worsen, thowing the country into ruin: this was the theory of the activists. Misfortune so vast it would wreck everyone, responsible and not responsible sinking into defeat…”

By: Rhonda Porter

Rhonda Porter — Wed, 24 Sep 2008 16:40:43 +0000

Eric, I’m quoting non-conforming jumbo in the mid 7’s.

By: Rhonda Porter

Rhonda Porter — Tue, 23 Sep 2008 23:37:25 +0000

Eric, Chase is who I was using for my Jumbo rates (Wells–and many others–have been out of market for quite a while). You’ll notice that I didn’t post them this week… borrowers may be better off going to a credit union for jumbo loans right now.

By: Eric

Eric — Tue, 23 Sep 2008 22:46:30 +0000

Wells Fargo’s Jumbos Rates are now posted at 9%. Other banks to follow?

By: b

Sat, 20 Sep 2008 19:59:51 +0000

Don’t worry, I am sure Comrade Paulson will use the peoples money to give to people like Kary if they happen to lose money on stocks. Losing money is illegal now, haven’t you heard?

By: christiangustafson

christiangustafson — Sat, 20 Sep 2008 18:33:15 +0000

Smash and grab all you can from the collapse, Kary.

Thanks to zero-down ARMs and $100K kitchens, we’re headed back to the depths of the 1930s.

Are you ready?

By: Kary L. Krismer

Kary L. Krismer — Sat, 20 Sep 2008 16:39:39 +0000

Unlike others, I don’t post my financial dealings on websites, which others would be unable to be substantiated anyway, with the exception of I have pointed out the process of buying a house a year ago.

By: christiangustafson

christiangustafson — Sat, 20 Sep 2008 16:09:35 +0000

Thanks, Rhonda, glad you like it.

The blog has been abandoned since I had my 2nd daughter in April, and have largely given up walking to work from my rental house in Crown Hill. That walk means leaving at 6 a.m., which is hard to do when my help is needed.

I’ll pick it up again soon simply because I have more stories to tell. Tomorrow I might drive out to the mega Issaquah Highlands development tomorrow to walk around and size up the madness.

By: Rhonda Porter

Rhonda Porter — Sat, 20 Sep 2008 16:01:39 +0000

cristiangustafson, I enjoyed checking out your blog. Must been interesting (to say the least) to meet Casey Serin. And…we have the same motor-home cars parked along our neighborhood in West Seattle.

By: christiangustafson

christiangustafson — Sat, 20 Sep 2008 15:59:50 +0000

Anyone seriously going back into stocks right now is going to be destroyed in the next two or three weeks. Go ahead, be a bag-holder.

I covered all my shorts EOD Wednesday and early Thursday, smelled this one coming. The puts I sold for obscene profits actually expired worthless yesterday. Thursday I shorted long Treasury bonds with delicious timing, so I can cash in on the coming bond market collapse that will follow in the wake of this treasonous “bailout”.

Go heavy short with me for the final crash, Kary, so we can share war stories over a beer! Take a piece of flesh from this fight.

I won’t even consider buying a house in Seattle until the median price crosses $180K (3 x $60K median homeowner family income).

Of course, by the time this happens (and, barring massive $USD printing, it will), Seattle might not be such a desirable or safe place to live.

Decamp to Marblemount? Newhalem? Winthrop?