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BGinRB.
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July 18, 2009 at 9:39 PM #16059July 19, 2009 at 10:39 AM #433753
RB132
Participantmore, much more than the just the banks who would love the frenzy. The realtors are so happy. The city and state like to collect more tax. The builder, restrurant owners, repair ship, remolder, on and on. The only losers are the home buyers, renters, and the next generations. But, no one cares about them.
July 19, 2009 at 10:39 AM #433958RB132
Participantmore, much more than the just the banks who would love the frenzy. The realtors are so happy. The city and state like to collect more tax. The builder, restrurant owners, repair ship, remolder, on and on. The only losers are the home buyers, renters, and the next generations. But, no one cares about them.
July 19, 2009 at 10:39 AM #434269RB132
Participantmore, much more than the just the banks who would love the frenzy. The realtors are so happy. The city and state like to collect more tax. The builder, restrurant owners, repair ship, remolder, on and on. The only losers are the home buyers, renters, and the next generations. But, no one cares about them.
July 19, 2009 at 10:39 AM #434340RB132
Participantmore, much more than the just the banks who would love the frenzy. The realtors are so happy. The city and state like to collect more tax. The builder, restrurant owners, repair ship, remolder, on and on. The only losers are the home buyers, renters, and the next generations. But, no one cares about them.
July 19, 2009 at 10:39 AM #434508RB132
Participantmore, much more than the just the banks who would love the frenzy. The realtors are so happy. The city and state like to collect more tax. The builder, restrurant owners, repair ship, remolder, on and on. The only losers are the home buyers, renters, and the next generations. But, no one cares about them.
July 19, 2009 at 5:56 PM #433900BGinRB
ParticipantThe banks are not in business of flipping houses. For banks your house is just a collateral, while the real product is your mortgage. Something much more liquid and predictable.
I would think the holders would try to offload the existing mortgages to a greater full (GSE) and then wait for stability at any price level, the lower the better, to start the process again.
July 19, 2009 at 5:56 PM #434104BGinRB
ParticipantThe banks are not in business of flipping houses. For banks your house is just a collateral, while the real product is your mortgage. Something much more liquid and predictable.
I would think the holders would try to offload the existing mortgages to a greater full (GSE) and then wait for stability at any price level, the lower the better, to start the process again.
July 19, 2009 at 5:56 PM #434419BGinRB
ParticipantThe banks are not in business of flipping houses. For banks your house is just a collateral, while the real product is your mortgage. Something much more liquid and predictable.
I would think the holders would try to offload the existing mortgages to a greater full (GSE) and then wait for stability at any price level, the lower the better, to start the process again.
July 19, 2009 at 5:56 PM #434490BGinRB
ParticipantThe banks are not in business of flipping houses. For banks your house is just a collateral, while the real product is your mortgage. Something much more liquid and predictable.
I would think the holders would try to offload the existing mortgages to a greater full (GSE) and then wait for stability at any price level, the lower the better, to start the process again.
July 19, 2009 at 5:56 PM #434656BGinRB
ParticipantThe banks are not in business of flipping houses. For banks your house is just a collateral, while the real product is your mortgage. Something much more liquid and predictable.
I would think the holders would try to offload the existing mortgages to a greater full (GSE) and then wait for stability at any price level, the lower the better, to start the process again.
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