[lbo-talk] housing bubble?

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Fri Jan 28 12:02:24 PST 2005


Willy Greenfields writes:


> Ah, so this buying in on this housing bubble is no
> more risky than speculating on commodities, which also
> don't go to zero.

I said there was (typically) no margin call. If you get stuck in a limit down futures contract, you can get wiped out in ways that are (again, typically) not possible with houses: you can't be forced to sell your house _just because it's value goes down_ ...


> I'd rather take receipt on a grain contract than buy
> an overvalued house via an under-safguarded mortgage.
> I'd rather eat the former than the latter.

You're a funny guy. I do not believe you.

/jordan



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