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(The Year 2012 In Review)
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|User Info||Koolaid iditots; entered at 2007-12-01 23:40:41|
They aren't worth **** until you know when houses stop dropping in value.|
20 more percent?
What would that do to their value?
You nor I nor anyone else can value them in any way because we have no models that work in a declining market, so the fallback is to mark them to WHAT PEOPLE WILL PAY.
How can anyone be in any financial career and not have a basic shred of an idea of how any financial asset is priced, it does not matter what you hope, think, number crunch, it matters what someone will pay you for it period.