Parsad Posted March 29, 2010 Share Posted March 29, 2010 According to Elizabeth Warren, Chairperson for the TARP Congressional Oversight Committee, half of commercial mortgages outstanding will be underwater by the end of 2010. Cheers! http://www.cnbc.com/id/36085517 Link to comment Share on other sites More sharing options...
collegeinvestor Posted March 29, 2010 Share Posted March 29, 2010 Why are you cheering to that haha? :-* :) Link to comment Share on other sites More sharing options...
Guest Bronco Posted March 29, 2010 Share Posted March 29, 2010 I am cheering it. Let's see if it plays out, and who capitalizes. Any fans of BAM on this board? Link to comment Share on other sites More sharing options...
Myth465 Posted March 30, 2010 Share Posted March 30, 2010 I like BAM but think its too complicated and not too cheap. My money is on FUR, Loews, this is good news for anyone with cash. 50% is crazy though. Link to comment Share on other sites More sharing options...
Guest Bronco Posted March 30, 2010 Share Posted March 30, 2010 Myth - tell me about FUR. I don't know anything about it, other than I just checked their balance sheet and it looks great. Link to comment Share on other sites More sharing options...
Rabbitisrich Posted March 30, 2010 Share Posted March 30, 2010 In the context of commercial RE, does it scare anyone that the savings rate is going down? http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm Link to comment Share on other sites More sharing options...
Myth465 Posted March 30, 2010 Share Posted March 30, 2010 Here is a good place to start on FUR - I posted my valuation of FUR in the trade - http://cornerofberkshireandfairfax.ca/forum/index.php?topic=2022.0 This thread also has some good info - http://cornerofberkshireandfairfax.ca/forum/index.php?topic=1296.0 Let me know if you have any other questions on FUR. Its not the value it used to be, but I see it like FFH and Loews. Good long term values which still have a discount. Link to comment Share on other sites More sharing options...
Guest Bronco Posted March 30, 2010 Share Posted March 30, 2010 Myth - thanks. Link to comment Share on other sites More sharing options...
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