The Value of Things
Sun, 02/07/2010 - 13:47 | 
rba
Just a reminder about the fluctuations in value being dependent on geography, date of purchase, and projected life of the of the product. Begs the simple question: how much is a particular *property* worth? A particular *mortgage*?
Aye, there's the rub. Not one of the 'experts' who invested in a 1/10000th share of my mortgage has a f*cking clue. And because of that battle between bullshit and bearshit, the entire planet is suffering? More or less, yes.
Tags: 
vs The Ownership of Things: make bank show mortgage
Submitted by luaptifer on Mon, 02/08/2010 - 13:26.I believe that it was someone on ePluribusMedia who helped me understand this point, but if you're in the process of losing your home, make sure that the foreclosing bank can prove it holds your paper.
Make Sure the Bank Owns Your Loan if it is Suing for Foreclosure
Posted by Nick in Legal Information
Rating: 0/5 Votes : 0
But with the predatory lending and investing that went on during the boom years of the subprime mortgage industry, many of these loans have been sliced up and sold off piece by piece, packaged into mortgage-backed securities and sold to hedge funds, pension funds, and other investors. In fact, the originating mortgage companies may now be completely out of business, with the collapse of the subprime industry claiming over 250 lenders so far...
[Emphasis added. Go here for rest of article --> http://www.foreclosurefish.com/blog/index.php?id=531 ]
Real estate always goes up
Submitted by susie dow on Sun, 02/07/2010 - 17:16.Everyone knows that. Why does Zillow hate America?
Always up?
Submitted by rba on Sun, 02/07/2010 - 18:04.Yes.
That's the beauty of securities instrument indices
Submitted by luaptifer on Mon, 02/08/2010 - 13:03.By reshuffling the Dow and S&P on an annual basis, the regular spring cleaning assures that the APPARENT average stock market value always goes up, year after year.
You can't reshuffle real market composites (like real estate values)...rather, they record the process of reshuffling.
If the financial 'news' brokers repeated 'this index is fifty percent genetically modified on a rolling average approximately every 3.5 years' and 'past performance is no indication of future value' every time they reported a related news item, I wonder how many investors would change their behavior?
That turnover and timeframe are purely fictional. Check with the big money-makers who run those indices for actual numbers on any particular instrument.
Quite a telling graph.
Submitted by GreyHawk on Sun, 02/07/2010 - 16:24.And almost alarming.
(Well, for some folks it might be downright tragic -- if they bought at the top of the bubble, for one.)