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May 30, 2011 at 5:55 PM #18840May 30, 2011 at 8:08 PM #700042
urbanrealtor
ParticipantI agree.
I suspect that one or several of the following things is going to happen in the next several years.A: Housing (or more generally, debt) focused inflation (increases in aggregate nominal effective demand) such that it undermines savers and put borrowers on a better footing. Hopefully more of the latter than the former.
B: Statutory relief from debt. In other words, a rollback of the regressive BK laws of the early 2000’s and probably some new laws that dramatically limit lender recourse on a national scale.
C: Some government-originated debt purchasing entity with a broader mandate and (at least initially) tighter controls on risk.
Barring some combination of these, I see this credit crunch continuing half as long as the economic expansion (which has been continuing since the 40’s).
May 30, 2011 at 8:08 PM #700139urbanrealtor
ParticipantI agree.
I suspect that one or several of the following things is going to happen in the next several years.A: Housing (or more generally, debt) focused inflation (increases in aggregate nominal effective demand) such that it undermines savers and put borrowers on a better footing. Hopefully more of the latter than the former.
B: Statutory relief from debt. In other words, a rollback of the regressive BK laws of the early 2000’s and probably some new laws that dramatically limit lender recourse on a national scale.
C: Some government-originated debt purchasing entity with a broader mandate and (at least initially) tighter controls on risk.
Barring some combination of these, I see this credit crunch continuing half as long as the economic expansion (which has been continuing since the 40’s).
May 30, 2011 at 8:08 PM #700727urbanrealtor
ParticipantI agree.
I suspect that one or several of the following things is going to happen in the next several years.A: Housing (or more generally, debt) focused inflation (increases in aggregate nominal effective demand) such that it undermines savers and put borrowers on a better footing. Hopefully more of the latter than the former.
B: Statutory relief from debt. In other words, a rollback of the regressive BK laws of the early 2000’s and probably some new laws that dramatically limit lender recourse on a national scale.
C: Some government-originated debt purchasing entity with a broader mandate and (at least initially) tighter controls on risk.
Barring some combination of these, I see this credit crunch continuing half as long as the economic expansion (which has been continuing since the 40’s).
May 30, 2011 at 8:08 PM #700875urbanrealtor
ParticipantI agree.
I suspect that one or several of the following things is going to happen in the next several years.A: Housing (or more generally, debt) focused inflation (increases in aggregate nominal effective demand) such that it undermines savers and put borrowers on a better footing. Hopefully more of the latter than the former.
B: Statutory relief from debt. In other words, a rollback of the regressive BK laws of the early 2000’s and probably some new laws that dramatically limit lender recourse on a national scale.
C: Some government-originated debt purchasing entity with a broader mandate and (at least initially) tighter controls on risk.
Barring some combination of these, I see this credit crunch continuing half as long as the economic expansion (which has been continuing since the 40’s).
May 30, 2011 at 8:08 PM #701234urbanrealtor
ParticipantI agree.
I suspect that one or several of the following things is going to happen in the next several years.A: Housing (or more generally, debt) focused inflation (increases in aggregate nominal effective demand) such that it undermines savers and put borrowers on a better footing. Hopefully more of the latter than the former.
B: Statutory relief from debt. In other words, a rollback of the regressive BK laws of the early 2000’s and probably some new laws that dramatically limit lender recourse on a national scale.
C: Some government-originated debt purchasing entity with a broader mandate and (at least initially) tighter controls on risk.
Barring some combination of these, I see this credit crunch continuing half as long as the economic expansion (which has been continuing since the 40’s).
May 30, 2011 at 9:57 PM #700052paramount
ParticipantSo in general this is a less than favorable time to buy a house.
May 30, 2011 at 9:57 PM #700149paramount
ParticipantSo in general this is a less than favorable time to buy a house.
May 30, 2011 at 9:57 PM #700737paramount
ParticipantSo in general this is a less than favorable time to buy a house.
May 30, 2011 at 9:57 PM #700885paramount
ParticipantSo in general this is a less than favorable time to buy a house.
May 30, 2011 at 9:57 PM #701244paramount
ParticipantSo in general this is a less than favorable time to buy a house.
May 30, 2011 at 11:00 PM #700067TexasLine
Participant[quote=paramount]So in general this is a less than favorable time to buy a house.[/quote]
cynical thoughts aside…I think the OP topic should be interpreted as – this is a great time to buy…It just might be however, that it will be better to buy in the future…;) This assumes you have your ducks in a row and you don’t live in New York City, where certain part of the duck have been banned – Nor an actual duck residing on a pond in North Dakota….unless you envy the pond…it might be a good time to “pull the trigger” then.
Cynically speaking, of course.
cyn·i·cal Expressing jaded or scornful skepticism or negativity
🙂
May 30, 2011 at 11:00 PM #700164TexasLine
Participant[quote=paramount]So in general this is a less than favorable time to buy a house.[/quote]
cynical thoughts aside…I think the OP topic should be interpreted as – this is a great time to buy…It just might be however, that it will be better to buy in the future…;) This assumes you have your ducks in a row and you don’t live in New York City, where certain part of the duck have been banned – Nor an actual duck residing on a pond in North Dakota….unless you envy the pond…it might be a good time to “pull the trigger” then.
Cynically speaking, of course.
cyn·i·cal Expressing jaded or scornful skepticism or negativity
🙂
May 30, 2011 at 11:00 PM #700752TexasLine
Participant[quote=paramount]So in general this is a less than favorable time to buy a house.[/quote]
cynical thoughts aside…I think the OP topic should be interpreted as – this is a great time to buy…It just might be however, that it will be better to buy in the future…;) This assumes you have your ducks in a row and you don’t live in New York City, where certain part of the duck have been banned – Nor an actual duck residing on a pond in North Dakota….unless you envy the pond…it might be a good time to “pull the trigger” then.
Cynically speaking, of course.
cyn·i·cal Expressing jaded or scornful skepticism or negativity
🙂
May 30, 2011 at 11:00 PM #700900TexasLine
Participant[quote=paramount]So in general this is a less than favorable time to buy a house.[/quote]
cynical thoughts aside…I think the OP topic should be interpreted as – this is a great time to buy…It just might be however, that it will be better to buy in the future…;) This assumes you have your ducks in a row and you don’t live in New York City, where certain part of the duck have been banned – Nor an actual duck residing on a pond in North Dakota….unless you envy the pond…it might be a good time to “pull the trigger” then.
Cynically speaking, of course.
cyn·i·cal Expressing jaded or scornful skepticism or negativity
🙂
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