See CR. Citi's dumping property and leaving lots of $s.
Ultimately, what a loan is worth is tied to the property market. If home prices are dropping too much, or if foreclosures make up much of the market, then the loan value is going to be impacted. (People aren't going to pay on a $500k mortgage in a $250k neighborhood very long.)
http://www.calculate...able-all-day.html Cheers, Scott. |
Comment on Geithner plan at DeLong's blog
- (Another Scott)
- (8)
- March 23, 2009, 10:49:58 AM EDT
Depends on what you define as "toxic"
- (beepster)
- (6)
- March 23, 2009, 10:57:14 AM EDT
Dunno.
- (Another Scott)
- (5)
- March 23, 2009, 11:11:15 AM EDT
Value of those is not price based
- (beepster)
- (1)
- March 23, 2009, 11:18:46 AM EDT
See CR. Citi's dumping property and leaving lots of $s.
- (Another Scott)
- March 23, 2009, 11:40:16 AM EDT
Forget the paper, what are the *houses* worth?
- (drook)
- (2)
- March 23, 2009, 11:22:07 AM EDT
I think it depends on which "history" you pick.
- (Another Scott)
- (1)
- March 23, 2009, 11:36:03 AM EDT
That graphs shows the issue nicely
- (drook)
- March 23, 2009, 12:49:20 PM EDT
That's not what "everyone" keeps saying
- (drook)
- March 23, 2009, 11:04:32 AM EDT