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patientlywaiting.
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October 2, 2008 at 8:52 AM #279705October 2, 2008 at 9:14 AM #279395
underdose
ParticipantBrilliantly said, CA Renter! You hit the nail on the head.
Furthermore, I suspect all these restructuring of loans ideas will fall prey to the same thing that Greenspan’s monetary policy did: the dreaded unintended consequences. What cans o’ worms will this open? What worse hell will this bring upon us?
October 2, 2008 at 9:14 AM #279667underdose
ParticipantBrilliantly said, CA Renter! You hit the nail on the head.
Furthermore, I suspect all these restructuring of loans ideas will fall prey to the same thing that Greenspan’s monetary policy did: the dreaded unintended consequences. What cans o’ worms will this open? What worse hell will this bring upon us?
October 2, 2008 at 9:14 AM #279674underdose
ParticipantBrilliantly said, CA Renter! You hit the nail on the head.
Furthermore, I suspect all these restructuring of loans ideas will fall prey to the same thing that Greenspan’s monetary policy did: the dreaded unintended consequences. What cans o’ worms will this open? What worse hell will this bring upon us?
October 2, 2008 at 9:14 AM #279713underdose
ParticipantBrilliantly said, CA Renter! You hit the nail on the head.
Furthermore, I suspect all these restructuring of loans ideas will fall prey to the same thing that Greenspan’s monetary policy did: the dreaded unintended consequences. What cans o’ worms will this open? What worse hell will this bring upon us?
October 2, 2008 at 9:14 AM #279725underdose
ParticipantBrilliantly said, CA Renter! You hit the nail on the head.
Furthermore, I suspect all these restructuring of loans ideas will fall prey to the same thing that Greenspan’s monetary policy did: the dreaded unintended consequences. What cans o’ worms will this open? What worse hell will this bring upon us?
October 2, 2008 at 9:48 AM #279400kewp
ParticipantPerhaps you consider falling asset prices a bad thing, but many of us think it’s the best thing that could ever happen to this country.
A tip of the hat to you, sir.
Whats really going to happen? 100% unemployment? Armageddon?
Nope.
Those of us that provide valuable products and services will always be able to find employment.
And you know what? We will be able to enjoy deflated assets at bargain prices as the fruits of our labor.
Sounds like paradise to me, personally.
October 2, 2008 at 9:48 AM #279672kewp
ParticipantPerhaps you consider falling asset prices a bad thing, but many of us think it’s the best thing that could ever happen to this country.
A tip of the hat to you, sir.
Whats really going to happen? 100% unemployment? Armageddon?
Nope.
Those of us that provide valuable products and services will always be able to find employment.
And you know what? We will be able to enjoy deflated assets at bargain prices as the fruits of our labor.
Sounds like paradise to me, personally.
October 2, 2008 at 9:48 AM #279679kewp
ParticipantPerhaps you consider falling asset prices a bad thing, but many of us think it’s the best thing that could ever happen to this country.
A tip of the hat to you, sir.
Whats really going to happen? 100% unemployment? Armageddon?
Nope.
Those of us that provide valuable products and services will always be able to find employment.
And you know what? We will be able to enjoy deflated assets at bargain prices as the fruits of our labor.
Sounds like paradise to me, personally.
October 2, 2008 at 9:48 AM #279718kewp
ParticipantPerhaps you consider falling asset prices a bad thing, but many of us think it’s the best thing that could ever happen to this country.
A tip of the hat to you, sir.
Whats really going to happen? 100% unemployment? Armageddon?
Nope.
Those of us that provide valuable products and services will always be able to find employment.
And you know what? We will be able to enjoy deflated assets at bargain prices as the fruits of our labor.
Sounds like paradise to me, personally.
October 2, 2008 at 9:48 AM #279730kewp
ParticipantPerhaps you consider falling asset prices a bad thing, but many of us think it’s the best thing that could ever happen to this country.
A tip of the hat to you, sir.
Whats really going to happen? 100% unemployment? Armageddon?
Nope.
Those of us that provide valuable products and services will always be able to find employment.
And you know what? We will be able to enjoy deflated assets at bargain prices as the fruits of our labor.
Sounds like paradise to me, personally.
October 2, 2008 at 12:09 PM #279491coxapple
ParticipantGuys,
I really would like to know why the solution is not partly renting en masses. If the banks and MBS service agents, or the government in their stead (after buying up the mortgages) rent out the foreclosed properties (first offer to the foreclosee and then anyone), the downward spiral could be halted before it seriously undershoots and hence prevent more damage to the financial economy/fiscal position (the latter two being the same thing these days!).
Banks and MBS agents don’t rent in practice so this is something the government can do. In most areas , the rent will cover the cost of carry for the mortgage assets (written down) that the tax payer has acquired because rental yield in the higher foreclosure areas are good (some extreme exurbs exempted perhaps as renters may be scarce).
Thanks
Graham
October 2, 2008 at 12:09 PM #279761coxapple
ParticipantGuys,
I really would like to know why the solution is not partly renting en masses. If the banks and MBS service agents, or the government in their stead (after buying up the mortgages) rent out the foreclosed properties (first offer to the foreclosee and then anyone), the downward spiral could be halted before it seriously undershoots and hence prevent more damage to the financial economy/fiscal position (the latter two being the same thing these days!).
Banks and MBS agents don’t rent in practice so this is something the government can do. In most areas , the rent will cover the cost of carry for the mortgage assets (written down) that the tax payer has acquired because rental yield in the higher foreclosure areas are good (some extreme exurbs exempted perhaps as renters may be scarce).
Thanks
Graham
October 2, 2008 at 12:09 PM #279769coxapple
ParticipantGuys,
I really would like to know why the solution is not partly renting en masses. If the banks and MBS service agents, or the government in their stead (after buying up the mortgages) rent out the foreclosed properties (first offer to the foreclosee and then anyone), the downward spiral could be halted before it seriously undershoots and hence prevent more damage to the financial economy/fiscal position (the latter two being the same thing these days!).
Banks and MBS agents don’t rent in practice so this is something the government can do. In most areas , the rent will cover the cost of carry for the mortgage assets (written down) that the tax payer has acquired because rental yield in the higher foreclosure areas are good (some extreme exurbs exempted perhaps as renters may be scarce).
Thanks
Graham
October 2, 2008 at 12:09 PM #279809coxapple
ParticipantGuys,
I really would like to know why the solution is not partly renting en masses. If the banks and MBS service agents, or the government in their stead (after buying up the mortgages) rent out the foreclosed properties (first offer to the foreclosee and then anyone), the downward spiral could be halted before it seriously undershoots and hence prevent more damage to the financial economy/fiscal position (the latter two being the same thing these days!).
Banks and MBS agents don’t rent in practice so this is something the government can do. In most areas , the rent will cover the cost of carry for the mortgage assets (written down) that the tax payer has acquired because rental yield in the higher foreclosure areas are good (some extreme exurbs exempted perhaps as renters may be scarce).
Thanks
Graham
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