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	<title>Comments on: Where Homes Are Worth Less Than the Mortgage</title>
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	<link>http://www.ritholtz.com/blog/2008/11/where-homes-are-worth-less-than-the-mortgage/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
	<lastBuildDate>Tue, 14 Feb 2012 23:06:20 +0000</lastBuildDate>
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		<title>By: patfla</title>
		<link>http://www.ritholtz.com/blog/2008/11/where-homes-are-worth-less-than-the-mortgage/comment-page-1/#comment-125685</link>
		<dc:creator>patfla</dc:creator>
		<pubDate>Wed, 12 Nov 2008 02:22:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=8954#comment-125685</guid>
		<description>I thought there was supposed to be an &#039;Edit Your Recent Post&#039; feature here with Wordpress.  Anyway it&#039;s 60 &lt;b&gt;miles&lt;/b&gt; East of San Francisco.

And it&#039;s Mountain House vs. Mount House.

Let&#039;s see how my html tags above come through (render).</description>
		<content:encoded><![CDATA[<p>I thought there was supposed to be an &#8216;Edit Your Recent Post&#8217; feature here with WordPress.  Anyway it&#8217;s 60 <b>miles</b> East of San Francisco.</p>
<p>And it&#8217;s Mountain House vs. Mount House.</p>
<p>Let&#8217;s see how my html tags above come through (render).</p>
]]></content:encoded>
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	<item>
		<title>By: patfla</title>
		<link>http://www.ritholtz.com/blog/2008/11/where-homes-are-worth-less-than-the-mortgage/comment-page-1/#comment-125684</link>
		<dc:creator>patfla</dc:creator>
		<pubDate>Wed, 12 Nov 2008 02:18:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=8954#comment-125684</guid>
		<description>The front page of the NYTimes and I think he got the name of the town wrong.  Actually it doesn&#039;t really appear  to be a town (at least it&#039;s not in www.city-data.com) - more like a single development.  But it has its own zip code.

Maps.google.com says there&#039;s no Mountain Village 60 E of San Francisco.  It does find a Mount Village.

Messaged the article&#039;s author.</description>
		<content:encoded><![CDATA[<p>The front page of the NYTimes and I think he got the name of the town wrong.  Actually it doesn&#8217;t really appear  to be a town (at least it&#8217;s not in <a href="http://www.city-data.com" rel="nofollow">http://www.city-data.com</a>) &#8211; more like a single development.  But it has its own zip code.</p>
<p>Maps.google.com says there&#8217;s no Mountain Village 60 E of San Francisco.  It does find a Mount Village.</p>
<p>Messaged the article&#8217;s author.</p>
]]></content:encoded>
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		<title>By: Greg0658</title>
		<link>http://www.ritholtz.com/blog/2008/11/where-homes-are-worth-less-than-the-mortgage/comment-page-1/#comment-125679</link>
		<dc:creator>Greg0658</dc:creator>
		<pubDate>Wed, 12 Nov 2008 01:44:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=8954#comment-125679</guid>
		<description>Sorry for the snap answer above. I noticed problems right away too. So I did some investigating and found this website for some info.

After reading page I took the situation as my problem with IE6 and Win98se because they are incapable of displaying alpha channels. Cause downloading the image and displaying it in my favorite picture editor didn&#039;t help.

http://www.yourhtmlsource.com/images/fileformats.html
The site uses a  typed page (.pdf like) that does not allow select-copy-paste, so I&#039;ll type-copy-paste just a bit.

&quot;PNGs main draw are alpha-channels. Instead of the rudimentary transparency options in other formats (where a pixel is either transparent or opaque) an alpha channel can specify the opacity of any pixel from 0-255 .... a graphic that can be placed on top of any background colour .... The problem with this - and there had to be one - is that IE6 doesn&#039;t support alpha-channels.&quot;

(me back)
That brings up a 2nd notion at the investigation time for me, that its a copyright protection format for the internet age that is rustling out the payolla issues.</description>
		<content:encoded><![CDATA[<p>Sorry for the snap answer above. I noticed problems right away too. So I did some investigating and found this website for some info.</p>
<p>After reading page I took the situation as my problem with IE6 and Win98se because they are incapable of displaying alpha channels. Cause downloading the image and displaying it in my favorite picture editor didn&#8217;t help.</p>
<p><a href="http://www.yourhtmlsource.com/images/fileformats.html" rel="nofollow">http://www.yourhtmlsource.com/images/fileformats.html</a><br />
The site uses a  typed page (.pdf like) that does not allow select-copy-paste, so I&#8217;ll type-copy-paste just a bit.</p>
<p>&#8220;PNGs main draw are alpha-channels. Instead of the rudimentary transparency options in other formats (where a pixel is either transparent or opaque) an alpha channel can specify the opacity of any pixel from 0-255 &#8230;. a graphic that can be placed on top of any background colour &#8230;. The problem with this &#8211; and there had to be one &#8211; is that IE6 doesn&#8217;t support alpha-channels.&#8221;</p>
<p>(me back)<br />
That brings up a 2nd notion at the investigation time for me, that its a copyright protection format for the internet age that is rustling out the payolla issues.</p>
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		<title>By: Anonymous Jones</title>
		<link>http://www.ritholtz.com/blog/2008/11/where-homes-are-worth-less-than-the-mortgage/comment-page-1/#comment-125651</link>
		<dc:creator>Anonymous Jones</dc:creator>
		<pubDate>Tue, 11 Nov 2008 23:07:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=8954#comment-125651</guid>
		<description>I agree that NAR is part of the problem, but the purchase of a home is an investment, no matter how you choose to label it.  

It is not just an investment; it is an enormous investment.  You cannot compare it to cars or furniture or clothing because the scale is completely different.

If you need a place to live, you can rent.  What got us into trouble is that people made investments into assets (housing) priced many, many times their net worth.  They did this via leverage.   Seriously.  Step back and think about it.  Why does someone who has a net worth of $50,000 buy a $400,000 asset?  Just because they need a place to live?  It is absolutely crazy that we bought into the myth that a non-diversified investment totally disproprotionate to our net worth was a good idea.  It is insane.  I can think of no other word for it.</description>
		<content:encoded><![CDATA[<p>I agree that NAR is part of the problem, but the purchase of a home is an investment, no matter how you choose to label it.  </p>
<p>It is not just an investment; it is an enormous investment.  You cannot compare it to cars or furniture or clothing because the scale is completely different.</p>
<p>If you need a place to live, you can rent.  What got us into trouble is that people made investments into assets (housing) priced many, many times their net worth.  They did this via leverage.   Seriously.  Step back and think about it.  Why does someone who has a net worth of $50,000 buy a $400,000 asset?  Just because they need a place to live?  It is absolutely crazy that we bought into the myth that a non-diversified investment totally disproprotionate to our net worth was a good idea.  It is insane.  I can think of no other word for it.</p>
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		<title>By: Gabriel</title>
		<link>http://www.ritholtz.com/blog/2008/11/where-homes-are-worth-less-than-the-mortgage/comment-page-1/#comment-125650</link>
		<dc:creator>Gabriel</dc:creator>
		<pubDate>Tue, 11 Nov 2008 23:01:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=8954#comment-125650</guid>
		<description>The image size is actually 943x488, but the tag forces it to displays at 500x258, with the correct approximate aspect ratio - so the WordPress script coding the tags appears to be fine.

The browsers are known to have poor rendering engines for shrinking/stretching images. I poked around on the old site, and all the crisp images are being displayed at their actual size, but some images that were being forced to resize in the browser had similar image distortion.

The best thing is to capture images and shrink them in some other application, such as Paint Shop, before uploading them. If you really want cool results, as Estragen has suggested, turn them into real scalable vector graphics. Of course, that would be a little more work! :-)

&lt;blockquote&gt;
&lt;img 
  class=&quot;alignnone size-full wp-image-8955&quot; title=&quot;net-neg-equity&quot; 
  src=&quot;http://www.ritholtz.com/blog/wp-content/uploads/2008/11/net-neg-equity.png&quot; alt=&quot;&quot; 
  width=&quot;500&quot; height=&quot;258&quot;
/&gt;
&lt;/blockquote&gt;</description>
		<content:encoded><![CDATA[<p>The image size is actually 943&#215;488, but the tag forces it to displays at 500&#215;258, with the correct approximate aspect ratio &#8211; so the WordPress script coding the tags appears to be fine.</p>
<p>The browsers are known to have poor rendering engines for shrinking/stretching images. I poked around on the old site, and all the crisp images are being displayed at their actual size, but some images that were being forced to resize in the browser had similar image distortion.</p>
<p>The best thing is to capture images and shrink them in some other application, such as Paint Shop, before uploading them. If you really want cool results, as Estragen has suggested, turn them into real scalable vector graphics. Of course, that would be a little more work! :-)</p>
<blockquote><p>
&lt;img<br />
  class=&#8221;alignnone size-full wp-image-8955&#8243; title=&#8221;net-neg-equity&#8221;<br />
  src=&#8221;http://www.ritholtz.com/blog/wp-content/uploads/2008/11/net-neg-equity.png&#8221; alt=&#8221;"<br />
  width=&#8221;500&#8243; height=&#8221;258&#8243;<br />
/&gt;
</p></blockquote>
]]></content:encoded>
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	<item>
		<title>By: austincompany</title>
		<link>http://www.ritholtz.com/blog/2008/11/where-homes-are-worth-less-than-the-mortgage/comment-page-1/#comment-125643</link>
		<dc:creator>austincompany</dc:creator>
		<pubDate>Tue, 11 Nov 2008 22:28:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=8954#comment-125643</guid>
		<description>For some reason, people don&#039;t seem to mind buying cars, furniture, clothing and other assorted &quot;stuff&quot; that actually is worth less after you buy it - cars especially. Most Americans would do better if they began thinking that their home is a place to live rather than an &quot;investment&quot;.

An investment is a stock, bond, savings account or CD. What got us in trouble was the idea that our home was an &quot;investment&quot;. This idea continues with help from NAR and other assorted people/entities that benefit from people thinking that their home is the best and greatest investment ever known to human kind.</description>
		<content:encoded><![CDATA[<p>For some reason, people don&#8217;t seem to mind buying cars, furniture, clothing and other assorted &#8220;stuff&#8221; that actually is worth less after you buy it &#8211; cars especially. Most Americans would do better if they began thinking that their home is a place to live rather than an &#8220;investment&#8221;.</p>
<p>An investment is a stock, bond, savings account or CD. What got us in trouble was the idea that our home was an &#8220;investment&#8221;. This idea continues with help from NAR and other assorted people/entities that benefit from people thinking that their home is the best and greatest investment ever known to human kind.</p>
]]></content:encoded>
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		<title>By: Estragon</title>
		<link>http://www.ritholtz.com/blog/2008/11/where-homes-are-worth-less-than-the-mortgage/comment-page-1/#comment-125639</link>
		<dc:creator>Estragon</dc:creator>
		<pubDate>Tue, 11 Nov 2008 22:09:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=8954#comment-125639</guid>
		<description>IIRC, png is a raster format and doesn&#039;t rescale particularly well.  May be better to leave at original size (or convert to a vector format before resizing).</description>
		<content:encoded><![CDATA[<p>IIRC, png is a raster format and doesn&#8217;t rescale particularly well.  May be better to leave at original size (or convert to a vector format before resizing).</p>
]]></content:encoded>
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		<title>By: Steve Barry</title>
		<link>http://www.ritholtz.com/blog/2008/11/where-homes-are-worth-less-than-the-mortgage/comment-page-1/#comment-125632</link>
		<dc:creator>Steve Barry</dc:creator>
		<pubDate>Tue, 11 Nov 2008 21:39:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=8954#comment-125632</guid>
		<description>Greg:

I just visited the old site and looked at a graphic that displayed properly....it was also PNG. I think this is a Word Press setting</description>
		<content:encoded><![CDATA[<p>Greg:</p>
<p>I just visited the old site and looked at a graphic that displayed properly&#8230;.it was also PNG. I think this is a Word Press setting</p>
]]></content:encoded>
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		<title>By: Jonathan</title>
		<link>http://www.ritholtz.com/blog/2008/11/where-homes-are-worth-less-than-the-mortgage/comment-page-1/#comment-125627</link>
		<dc:creator>Jonathan</dc:creator>
		<pubDate>Tue, 11 Nov 2008 21:13:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=8954#comment-125627</guid>
		<description>It could just be the resolution the images are being displayed at.  For instance, the chart image above is at 150 × 150, which is tough to read. Perhaps increasing the image size to 300 x 300 might make it more readable.</description>
		<content:encoded><![CDATA[<p>It could just be the resolution the images are being displayed at.  For instance, the chart image above is at 150 × 150, which is tough to read. Perhaps increasing the image size to 300 x 300 might make it more readable.</p>
]]></content:encoded>
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	<item>
		<title>By: Greg0658</title>
		<link>http://www.ritholtz.com/blog/2008/11/where-homes-are-worth-less-than-the-mortgage/comment-page-1/#comment-125624</link>
		<dc:creator>Greg0658</dc:creator>
		<pubDate>Tue, 11 Nov 2008 20:57:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=8954#comment-125624</guid>
		<description>imo it is the .png file format vs .gif or .jpg
so may depend on the users opsys and browser</description>
		<content:encoded><![CDATA[<p>imo it is the .png file format vs .gif or .jpg<br />
so may depend on the users opsys and browser</p>
]]></content:encoded>
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