Friday Links

Fed Chief Offers New Hint on a Rate Cut

Let explain this to you. If the Fed cuts rates, It won't make any difference. The Feds funds rate is that the Fed charges banks to borrow money. The risk of loaning this money have greatly increased and Banks are shoring up they own reserves.

This will NOT mean lower Mortgages rates because, most rates are tied to LIBOR. Libor rates has gone up like crazy this month. Libor is London Interbank Offering Rate, these are the rate Banks loan each other money. Question: Why are the rates being set in London? If you know this answer then, you know more about money than any dumbass in America.

It's over boys and girls! This Mutant Real Estate Bubble (MREB) has popped and there is nothing that will save it

The What

Someday this war is gonna end.....

Posted by: guest at November 30, 2007 8:17 AM

Florida Land Bubble
Collapse Returns

http://www.larouchepub.com/other/2007/3446fla_collapse_returns.html

The shape of things to come.

The What

Someday this war is gonna end....

Posted by: guest at November 30, 2007 8:39 AM

Hey brownstoner - how bout a link to the WSJ article this morning!!!

Kind of a huge article to miss, isn't it?

And relevant to the whole NYC real estate market.

Let me help you out.

http://online.wsj.com/article/SB119638554201808816.html?mod=pj_main_hs_coll

Posted by: guest at November 30, 2007 9:42 AM

what a crib...

Posted by: guest at November 30, 2007 10:02 AM

The sunlight on that Ditmas house is absolutely beautiful. That's the kind of light I want shining into my house. Maybe I should drop the quest for a brownstone and try to find a nice corner Victorian...

Posted by: guest at November 30, 2007 12:38 PM

the What... i'm not sure what you want anyone to do about any of this? just agree with you.

ok, sure then.

i already own a place, so... i can't roll back the hands of time.

Posted by: guest at November 30, 2007 2:14 PM

Albemarle Road hosue and phot gorgeous. I love walking through this neighborhood. You get a really nice vibe.

Posted by: guest at November 30, 2007 7:24 PM

Sorry about the typos. I hit the "Post" in error, prior to previewing.

Posted by: guest at November 30, 2007 7:26 PM

80 Metropolitan sure looks good after seeing those less than stellar carroll gardens houses.

i'll take the nice new condos with tons of amenities.

Posted by: guest at November 30, 2007 10:45 PM

10:45 - Not exactly move-in ready is it? Maybe in 2010?

Posted by: guest at December 1, 2007 1:40 AM