Comments on: Counterparties: Why your house is getting more valuable http://blogs.reuters.com/felix-salmon/2012/11/30/counterparties-why-your-house-is-getting-more-valuable/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: MrRFox http://blogs.reuters.com/felix-salmon/2012/11/30/counterparties-why-your-house-is-getting-more-valuable/comment-page-1/#comment-44940 Sun, 02 Dec 2012 04:01:15 +0000 http://blogs.reuters.com/felix-salmon/?p=19654#comment-44940 @KenG – because money isn’t (for the time being) flowing into things measured by the CPI.

$40 billion a month is flowing into toxic MBS trash that cousin Benny is buying with QE3$ from his clan-members (and future paymasters) on The Street. Bet a bunch that the prices-paid for those dud-assets reflect this largess. We’ll just have to guess about that though – neither Benny nor his brethren will tell us who sold what, at what prices or on what terms – muppets don’t get to know that.

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By: TFF http://blogs.reuters.com/felix-salmon/2012/11/30/counterparties-why-your-house-is-getting-more-valuable/comment-page-1/#comment-44938 Sun, 02 Dec 2012 01:43:26 +0000 http://blogs.reuters.com/felix-salmon/?p=19654#comment-44938 KenG, it is because your labor is getting less valuable at the same rate. :-)

It is a natural tautology, but in this case I think there is some truth to both perspectives.

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By: KenG_CA http://blogs.reuters.com/felix-salmon/2012/11/30/counterparties-why-your-house-is-getting-more-valuable/comment-page-1/#comment-44937 Sat, 01 Dec 2012 23:05:28 +0000 http://blogs.reuters.com/felix-salmon/?p=19654#comment-44937 Uh, TFF and MrFox, then why aren’t we seeing across the board inflation?

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By: MrRFox http://blogs.reuters.com/felix-salmon/2012/11/30/counterparties-why-your-house-is-getting-more-valuable/comment-page-1/#comment-44936 Sat, 01 Dec 2012 18:41:31 +0000 http://blogs.reuters.com/felix-salmon/?p=19654#comment-44936 Best not to try that – the piece itself is the ‘best evidence’ of its contents. It came across to me as not particularly informative and insightful, which the best of FS’s stuff is. The light (to say the least) tone seemed at odds with the purported seriousness of the issues, as well.

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By: TFF http://blogs.reuters.com/felix-salmon/2012/11/30/counterparties-why-your-house-is-getting-more-valuable/comment-page-1/#comment-44934 Sat, 01 Dec 2012 16:14:45 +0000 http://blogs.reuters.com/felix-salmon/?p=19654#comment-44934 Didn’t and won’t, sorry MrRFox. I find video annoying. Care to summarize?

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By: MrRFox http://blogs.reuters.com/felix-salmon/2012/11/30/counterparties-why-your-house-is-getting-more-valuable/comment-page-1/#comment-44932 Sat, 01 Dec 2012 14:13:31 +0000 http://blogs.reuters.com/felix-salmon/?p=19654#comment-44932 @TFF – Did you check out this –

“The multi-billion-dollar fight for national sovereignty – Felix TV”

Embarrassing. (Plays smoother on youtube than TR’s site)

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By: TFF http://blogs.reuters.com/felix-salmon/2012/11/30/counterparties-why-your-house-is-getting-more-valuable/comment-page-1/#comment-44931 Sat, 01 Dec 2012 13:42:21 +0000 http://blogs.reuters.com/felix-salmon/?p=19654#comment-44931 Your home isn’t getting more valuable, your dollars are getting less valuable. As MrRFox said.

Also, a large fraction of refinancing activity is either bringing down the mortgage term or bringing down the principal. This round of refinancing is part of the broader deleveraging process, and is not pushing consumption activity.

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By: MrRFox http://blogs.reuters.com/felix-salmon/2012/11/30/counterparties-why-your-house-is-getting-more-valuable/comment-page-1/#comment-44930 Sat, 01 Dec 2012 13:15:58 +0000 http://blogs.reuters.com/felix-salmon/?p=19654#comment-44930 “Why your house is getting more valuable”

The supply of $ out-‘n-about is rising faster than the supply of houses – duh.

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