WTF does that mean pain pill. How's the back/neck? You still living on the front slope with a disabled husband? Or was that you? Figured out what theta is yet?
True.... It is over priced I still have two condos there and the rents I'm receiving are nutty. But the neighborhood is so changed now. It used to be like a small little community. Now it's $180 Thai food and Britney Spears. Ventura Village or some shit?
Nahh...it's not that expensive..there are some good, reasonably priced restau's in the area and some more classic, upscale tastes too... Italian - Panzanella, and my favorite place "La Pergola".. Thai - Anajak is great and you can get stuffed for 20 bucks.. Japanese is lacking in the area, but Hoagies and Wings kicks ass! Ok, that's off topic enough...
And the job numbers get bleaker and bleaker... Japan's exports to the U.S. are faltering, Europe's western economies are falterings... Pending home sale in U.S. reach all-time low... And the beat goes on. The market has not fully priced in economic risks that can't even be measured yet. They can only be measured in retrospect.
Pimco: $1 trillion housing losses seen Thursday July 24, 11:23 am ET By John Parry NEW YORK (Reuters) - The best way to help the ailing housing market recover from the $1 trillion of losses it faces will be to cut the cost of mortgages via the housing bill and rescue package for mortgage finance giants, the manager of the world's biggest bond fund said on Thursday. "Lowering the cost of mortgage credit via the omnibus housing/GSE bill now placed before the Congress and the President is the best way to begin the long journey back to normalcy," wrote Bill Gross, chief investment officer of Pacific Investment Management Co (PIMCO) in his August Investment Outlook letter. Mortgage finance companies Fannie Mae (NYSE:FNM - News) and Freddie Mac (NYSE:FRE - News) got some help on Wednesday when the U.S. House of Representatives passed a massive housing rescue bill after the White House dropped a threatened veto, paving the way for passage of measures aimed at shoring up the home market. The worst conditions in the housing market since the Great Depression have put many existing mortgages at risk. A total $5 trillion of mortgage loans are in risky asset categories, Gross wrote, adding that "nearly 1 trillion dollars of cumulative losses will finally mark the gravestone of this housing bubble." http://biz.yahoo.com/rb/080724/usa_pimco_gross.html?.v=5
Bill Gross is the biggest book talker I have ever seen. back in the beggining of the year he was publishing CDS loss estimates trying to get people to pile in treasuries because he was long, now hes backing the bailout because he's long GSE debt. his commission costs might be all offset by all this pumping and dumping he does, the guy made his own zecco.com
That's funny I used ride my bike to Anajak Thai ....never got outta there for less than $90. And Hoagies and Wings completely sucks. They wouldn't know a hoagie or a wing if it fell outta the sky and started wiggling on their face. Tiramisu was always good at the Woodman corner. Fabs was good. And for sushi Nozwa in Studio City is where it's at. However he got real popular with movie and studio crowd and became the Sushi Nazi. Me and the wifey use go there in the early 90's when he was just getting started. La Frite for Bistro food has been a SO staple for 40 years. edit: oh I forgot the Hungarian place on the South side of the street...gotta try that.