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  • October 14, 2008 at 10:16 AM #14207
    arnie
    Participant

    This is a pretty good article by Peter Shiff from a few days ago. I didn’t buy a house in the last 6 years even though I could have (at great financial risk.) Now it’s beginning to look like I should have.

    http://www.signonsandiego.com/uniontrib/20081010/news_lz1e10schiff.html?imw=Y

    October 14, 2008 at 10:46 AM #287138
    PadreBrian
    Participant

    NO! This is the worst thing you can do. Some of the new FHA loans require you to have made payments on time and current.

    Call you bank and renegotiate.

    October 14, 2008 at 10:46 AM #287482
    PadreBrian
    Participant

    NO! This is the worst thing you can do. Some of the new FHA loans require you to have made payments on time and current.

    Call you bank and renegotiate.

    October 14, 2008 at 10:46 AM #287476
    PadreBrian
    Participant

    NO! This is the worst thing you can do. Some of the new FHA loans require you to have made payments on time and current.

    Call you bank and renegotiate.

    October 14, 2008 at 10:46 AM #287434
    PadreBrian
    Participant

    NO! This is the worst thing you can do. Some of the new FHA loans require you to have made payments on time and current.

    Call you bank and renegotiate.

    October 14, 2008 at 10:46 AM #287450
    PadreBrian
    Participant

    NO! This is the worst thing you can do. Some of the new FHA loans require you to have made payments on time and current.

    Call you bank and renegotiate.

    October 14, 2008 at 10:52 AM #287153
    sdrealtor
    Participant

    Peter would love people to do this as it would make him lots of money on the downside and prove his big ego correct. He’s not a disinterested party. If you have assets and income there are ways out by working with your lenders.

    October 14, 2008 at 10:52 AM #287497
    sdrealtor
    Participant

    Peter would love people to do this as it would make him lots of money on the downside and prove his big ego correct. He’s not a disinterested party. If you have assets and income there are ways out by working with your lenders.

    October 14, 2008 at 10:52 AM #287491
    sdrealtor
    Participant

    Peter would love people to do this as it would make him lots of money on the downside and prove his big ego correct. He’s not a disinterested party. If you have assets and income there are ways out by working with your lenders.

    October 14, 2008 at 10:52 AM #287465
    sdrealtor
    Participant

    Peter would love people to do this as it would make him lots of money on the downside and prove his big ego correct. He’s not a disinterested party. If you have assets and income there are ways out by working with your lenders.

    October 14, 2008 at 10:52 AM #287449
    sdrealtor
    Participant

    Peter would love people to do this as it would make him lots of money on the downside and prove his big ego correct. He’s not a disinterested party. If you have assets and income there are ways out by working with your lenders.

    October 14, 2008 at 11:03 AM #287470
    underdose
    Participant

    I certainly do not get the impression that Peter Schiff is endorsing or encouraging non-payment, he is merely pointing out how strong the incentive for non-payment is. He is saying, “Here are the unintended consequences, plan as day.” There is no refuting his logic that there will be blowback for this bailout. Incidentally, Rich has been making the same arguments. I hold these truths (that the bailout will not work as advertised) to be self-evident. What never ceases to astonish me is how almost no members of congress are able to grasp these truths, even after they have been spelled out so clearly.

    October 14, 2008 at 11:03 AM #287502
    underdose
    Participant

    I certainly do not get the impression that Peter Schiff is endorsing or encouraging non-payment, he is merely pointing out how strong the incentive for non-payment is. He is saying, “Here are the unintended consequences, plan as day.” There is no refuting his logic that there will be blowback for this bailout. Incidentally, Rich has been making the same arguments. I hold these truths (that the bailout will not work as advertised) to be self-evident. What never ceases to astonish me is how almost no members of congress are able to grasp these truths, even after they have been spelled out so clearly.

    October 14, 2008 at 11:03 AM #287496
    underdose
    Participant

    I certainly do not get the impression that Peter Schiff is endorsing or encouraging non-payment, he is merely pointing out how strong the incentive for non-payment is. He is saying, “Here are the unintended consequences, plan as day.” There is no refuting his logic that there will be blowback for this bailout. Incidentally, Rich has been making the same arguments. I hold these truths (that the bailout will not work as advertised) to be self-evident. What never ceases to astonish me is how almost no members of congress are able to grasp these truths, even after they have been spelled out so clearly.

    October 14, 2008 at 11:03 AM #287454
    underdose
    Participant

    I certainly do not get the impression that Peter Schiff is endorsing or encouraging non-payment, he is merely pointing out how strong the incentive for non-payment is. He is saying, “Here are the unintended consequences, plan as day.” There is no refuting his logic that there will be blowback for this bailout. Incidentally, Rich has been making the same arguments. I hold these truths (that the bailout will not work as advertised) to be self-evident. What never ceases to astonish me is how almost no members of congress are able to grasp these truths, even after they have been spelled out so clearly.

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