[lbo-talk] "Opening the discount window" & "thefundamentalsare sound" = ????

[Eubulides]

----- Original Message ----- 
From: "Doug Henwood" <dhenwood at panix.com>


The limit on so-called conforming mortgages, which is what Freddie
Mac and Fannie Mae can buy, is $417,000. In a lot of markets in this
country, a $500,000 house is not luxurious. The median price in your
neck of the woods, Seattle, is about $420,000.

Doug

-------------------

We bought ours in '97 for $190k. After converting the 2 car garage into a music 
studio/office it's worth about $460k. The area I live in is nowhere near 
gentrified. In fact someone was murdered two small blocks from us just the other 
evening and a couple of years back a guy shot his date while she was driving him 
home from a club right outside what is now Aidan's bedroom window.

There are a lot of county tax assessors across the country, in addition to 
mortgage loan officers, that need to lose their jobs. This could get nasty, 
although we're not even looking at a '79-'82 type mashup afaict.

Ian