tag:blogger.com,1999:blog-7123542260692860177.post6143604546881297740..comments2023-12-02T00:38:46.467-08:00Comments on House Hunt Victoria: HouseHuntVictoriahttp://www.blogger.com/profile/07456914359088891317noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7123542260692860177.post-661627125888264452011-06-22T15:28:43.555-07:002011-06-22T15:28:43.555-07:00Very interesting, dave3. There is so much I don&#...Very interesting, dave3. There is so much I don't know. Thanks for bringing some light.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-55183830475983902312011-06-22T14:49:11.176-07:002011-06-22T14:49:11.176-07:00@a simple man
Here's a good explanation:
The T...@a simple man<br />Here's a good explanation:<br /><i>The TED spread is a gap between two interest rates, which is used as a marker of the financial strength of banks.<br /><br />The TED, or Treasury Eurodollar, spread is calculated by subtracting the interest rate on treasury bills from the three-month dollar LIBOR.<br /><br />The treasury bill rate is the interest rate paid by the U.S. treasury - often used to represent "risk-free" lending (on the assumption that U.S. government is always good for it), while the LIBOR is the rate at which banks lend to each other. Therefore, the difference in the two rates represents the "risk premium" of lending to a bank instead of to the U.S. government. At its lowest, the TED spread can be as low as 20 basis points, as it was in early 2007.[1] A TED spread this low occurs when banks are seen as strong and in good financial health; the risk of default or banktruptcy is low, and therefore other banks are willing to lend them money at nearly the risk-free interest rates paid by the U.S. government. By contrast, the Ted spread stood at 330 basis points in early October 2008, after a series of bankruptcies by banks and other financial insitutions that occured as part of the 2008 Financial Crisis. On October 10th, the TED spread hit a new record of 460 basis points, reflecting a breakdown in interbank lending. </i><br /><br />Dave3Davehttps://www.blogger.com/profile/09310295544282670884noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-19622667963085644002011-06-21T13:26:38.500-07:002011-06-21T13:26:38.500-07:00If it wasn't for my overly huge family I would...If it wasn't for my overly huge family I would have certainly bought it by now and used the leverage to lease BMW for my wife, a Landrover for me and coach bags for each of my daughters.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-7058077338253206472011-06-21T12:41:39.656-07:002011-06-21T12:41:39.656-07:00are you still after that house on st anne, simple ...are you still after that house on st anne, simple man?omchttps://www.blogger.com/profile/11570216584047858772noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-42063882566295435512011-06-21T09:02:37.933-07:002011-06-21T09:02:37.933-07:00S2 ..lol .. great description.Some sellers just do...S2 ..lol .. great description.Some sellers just do not get it nor does their realtor for that matter, who continues to market the languishing property, both hoping for that one 'special' buyer who has been completely oblivious to the market and what has been selling around them.Watching and waitinghttps://www.blogger.com/profile/12520657033904834033noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-70093230929929942092011-06-21T08:54:23.642-07:002011-06-21T08:54:23.642-07:00And St Anne's for sale sign is unceremoniously...And St Anne's for sale sign is unceremoniously pulled out of the grass and laying on the steps. That flipper has been trying to sell for more than 6 months now. <br /><br />The only reason it is not selling - price. It would sell at $675K.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-20586136522781413362011-06-21T08:46:42.107-07:002011-06-21T08:46:42.107-07:00flip of the month, 1627 Hybury Pl (mls 294859), ha...flip of the month, 1627 Hybury Pl (mls 294859), has already dropped the price 10k after 11 DOM to 719k.I can only guess the flipper has some big cash/time tied up in this one.Be interesting to see what it finally sells for.I see this home as the proverbial flipper's canary in a coalmine. Right now the canary seems to be nodding off just a bit.Watching and waitinghttps://www.blogger.com/profile/12520657033904834033noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-3343476387539367352011-06-21T07:56:21.702-07:002011-06-21T07:56:21.702-07:00Carney holding everything steady again is interest...Carney holding everything steady again is interesting. <br /><br />His (and others) dire warning of increasing national debt levels while at the same time being unable to implement any changes is very telling of the edge that our economy is now teetering on.<br /><br />My guess is that he is seeing his changes taking effect in many of our markets (like Victoria), and is wondering if he has already done enough. Economies move quite slowly, and like steering a big ship, you turn the wheel, and you wait.Mindsethttps://www.blogger.com/profile/16898125754772581488noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-77421288033468553312011-06-20T13:01:29.667-07:002011-06-20T13:01:29.667-07:00response for the previous post - thanks JustWaitin...response for the previous post - thanks JustWaiting - I agree that there is a spike in mid June (as per the graph) and I suspect it is so that families can get into their new home before the craziness of school starts (typical 2 month possession window) or before summer holidays start.<br /><br />What is amazing to me is the 786 price changes in the past three weeks. And those price changes were not up.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.com