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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Interesting perspective but... Posted by JK (the other JK) on June 19, 2010 at 9:34 PM In Reply to: Re: Interesting perspective but... posted by hard money lender on June 19, 2010 at 6:15 PM : hi jk, : i think i am looking at a bigger overall picture. this is gonna be the mainstay of our economy for the next 30 years. : but i do believe that it will be a big boon to the economy. : transportation costs have played a big role in the cost of goods. : if we look at history, look what occurred when the car replaced the car and buggy. : when the pc came out. when the ipod came out. : the ev is a revolutionary product. it completely changes our biggest industry. : we are no longer gonna be so much oil-based. : i do not think that the banks are gonna release reos very cheaply. : they havent so far, when everyone keeps saying they are delaying the inevitable. : they are part of the real wealth, and perhaps they know stuff that we dont ? : the next few years will be telling. : i just think a lot of you were hoping/waiting to pick up all these bank reos real cheaply, and i wouldnt hold my breath - LOL. "i just think a lot of you were hoping/waiting to pick up all these bank reos real cheaply, and i wouldnt hold my breath" Well I can definitely agree with that statement, though not for the reason stated. I don't think we will be seeing a lot of cheap REOs for the simple fact that most of the boneheads running our banking system aren't smart enough to liquidate their growing inventories. I've run into several properties now where the owner's have vacated the properties stopped paying on them a long time ago and the banks will not foreclose. I'm sure if you were the lender you would handle things differently. I have no idea what will happen over a 30 year time line. I certainly hope that our countries reliance on 70% imported oil has changed. With China and India soon to be the world's largest auto markets and an ever growing world population the demand for alternative energy certainly exists. Follow Ups: Re: Interesting perspective but... hard money lender 10:25 PM, 06/19/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : hi jk, : : i think i am looking at a bigger overall picture. this is gonna be the mainstay of our economy for the next 30 years. : : but i do believe that it will be a big boon to the economy. : : transportation costs have played a big role in the cost of goods. : : if we look at history, look what occurred when the car replaced the car and buggy. : : when the pc came out. when the ipod came out. : : the ev is a revolutionary product. it completely changes our biggest industry. : : we are no longer gonna be so much oil-based. : : i do not think that the banks are gonna release reos very cheaply. : : they havent so far, when everyone keeps saying they are delaying the inevitable. : : they are part of the real wealth, and perhaps they know stuff that we dont ? : : the next few years will be telling. : : i just think a lot of you were hoping/waiting to pick up all these bank reos real cheaply, and i wouldnt hold my breath - LOL. : "i just think a lot of you were hoping/waiting to pick up all these bank reos real cheaply, and i wouldnt hold my breath" : Well I can definitely agree with that statement, though not for the reason stated. I don't think we will be seeing a lot of cheap REOs for the simple fact that most of the boneheads running our banking system aren't smart enough to liquidate their growing inventories. I've run into several properties now where the owner's have vacated the properties stopped paying on them a long time ago and the banks will not foreclose. I'm sure if you were the lender you would handle things differently. : I have no idea what will happen over a 30 year time line. I certainly hope that our countries reliance on 70% imported oil has changed. With China and India soon to be the world's largest auto markets and an ever growing world population the demand for alternative energy certainly exists. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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