2009 Conforming Loan Limits Jump

[macromaniac]

Gang,

This has been one of the several reasons for what we are experiencing to date. This was a sleight of hand move by the government a few years ago so that Fannie and Freddie could accumulate and buy more mortgages to keep the circle jerk going and leaving the tax payers with a bigger bill when the last person got jerked (American Citizen).

This was a disguised preemptive bailout that most people did not catch awhile back when they took the limits from 417K to 729K to purchase more garbage liar loans.

Did you know that Fannie and Freddie to this day, right now will approve eligible loans that have a debt to income ratio of 66%, today, February 23, 2009, 66% debt to income ratio? Go run AU or DU and see for yourselves…

They are still back dooring the American Taxpayers through the GSE’s….

When will this stop?

[jpinpb]

The impression of some is that it’s never going to end. I was trying to understand the strategy of extending foreclosures and it was explained on SDL “Delay foreclosures so some of those owners can benefit from one or another of the various foreclosure mitigation programs/actions underway or about to begin and keep their homes.”

So I guess the government is going to do everything possible to delay, procrastinate, refinance and delay further, write-down loans, artificially continue to prop up real estate prices, print money, steal from taxpayers and did I mention prop up real estate?

Yes. The bubble will not pop and all renters will be priced out forever b/c prices will not come down and there is no such thing as affordability factor and forget loan to income ratio. Nonsense.

Someone told me a median income will never afford you a median home in San Diego. And at this rate, I’m going to agree. /end frustration rant.

[jpinpb]

The impression of some is that it’s never going to end. I was trying to understand the strategy of extending foreclosures and it was explained on SDL “Delay foreclosures so some of those owners can benefit from one or another of the various foreclosure mitigation programs/actions underway or about to begin and keep their homes.”

So I guess the government is going to do everything possible to delay, procrastinate, refinance and delay further, write-down loans, artificially continue to prop up real estate prices, print money, steal from taxpayers and did I mention prop up real estate?

Yes. The bubble will not pop and all renters will be priced out forever b/c prices will not come down and there is no such thing as affordability factor and forget loan to income ratio. Nonsense.

Someone told me a median income will never afford you a median home in San Diego. And at this rate, I’m going to agree. /end frustration rant.

[jpinpb]

The impression of some is that it’s never going to end. I was trying to understand the strategy of extending foreclosures and it was explained on SDL “Delay foreclosures so some of those owners can benefit from one or another of the various foreclosure mitigation programs/actions underway or about to begin and keep their homes.”

So I guess the government is going to do everything possible to delay, procrastinate, refinance and delay further, write-down loans, artificially continue to prop up real estate prices, print money, steal from taxpayers and did I mention prop up real estate?

Yes. The bubble will not pop and all renters will be priced out forever b/c prices will not come down and there is no such thing as affordability factor and forget loan to income ratio. Nonsense.

Someone told me a median income will never afford you a median home in San Diego. And at this rate, I’m going to agree. /end frustration rant.

[jpinpb]

The impression of some is that it’s never going to end. I was trying to understand the strategy of extending foreclosures and it was explained on SDL “Delay foreclosures so some of those owners can benefit from one or another of the various foreclosure mitigation programs/actions underway or about to begin and keep their homes.”

So I guess the government is going to do everything possible to delay, procrastinate, refinance and delay further, write-down loans, artificially continue to prop up real estate prices, print money, steal from taxpayers and did I mention prop up real estate?

Yes. The bubble will not pop and all renters will be priced out forever b/c prices will not come down and there is no such thing as affordability factor and forget loan to income ratio. Nonsense.

Someone told me a median income will never afford you a median home in San Diego. And at this rate, I’m going to agree. /end frustration rant.

[jpinpb]

The impression of some is that it’s never going to end. I was trying to understand the strategy of extending foreclosures and it was explained on SDL “Delay foreclosures so some of those owners can benefit from one or another of the various foreclosure mitigation programs/actions underway or about to begin and keep their homes.”

So I guess the government is going to do everything possible to delay, procrastinate, refinance and delay further, write-down loans, artificially continue to prop up real estate prices, print money, steal from taxpayers and did I mention prop up real estate?

Yes. The bubble will not pop and all renters will be priced out forever b/c prices will not come down and there is no such thing as affordability factor and forget loan to income ratio. Nonsense.

Someone told me a median income will never afford you a median home in San Diego. And at this rate, I’m going to agree. /end frustration rant.

[sdrealtor]

That somneone was me

[sdrealtor]

That somneone was me

[sdrealtor]

That somneone was me

[sdrealtor]

That somneone was me

[sdrealtor]

That somneone was me

[macromaniac]

JP,

Have no fear because Economics 101 is here! All these artificial means to keep prices over priced will soon come to an end my friend….it just will take a bit more time….

But in the end, Economics 101 will always prevail…and if it doesn’t the Governing People that we vote in to make decisions based upon the best interest of the people will prevail in a second American Revolution to overthrow these criminals….

History always repeats itself…..and just when you think it could never happen…well…it usually does….

In the meantime, I am a PROUD RENTER!

[macromaniac]

JP,

Have no fear because Economics 101 is here! All these artificial means to keep prices over priced will soon come to an end my friend….it just will take a bit more time….

But in the end, Economics 101 will always prevail…and if it doesn’t the Governing People that we vote in to make decisions based upon the best interest of the people will prevail in a second American Revolution to overthrow these criminals….

History always repeats itself…..and just when you think it could never happen…well…it usually does….

In the meantime, I am a PROUD RENTER!

[macromaniac]

JP,

Have no fear because Economics 101 is here! All these artificial means to keep prices over priced will soon come to an end my friend….it just will take a bit more time….

But in the end, Economics 101 will always prevail…and if it doesn’t the Governing People that we vote in to make decisions based upon the best interest of the people will prevail in a second American Revolution to overthrow these criminals….

History always repeats itself…..and just when you think it could never happen…well…it usually does….

In the meantime, I am a PROUD RENTER!

[macromaniac]

JP,

Have no fear because Economics 101 is here! All these artificial means to keep prices over priced will soon come to an end my friend….it just will take a bit more time….

But in the end, Economics 101 will always prevail…and if it doesn’t the Governing People that we vote in to make decisions based upon the best interest of the people will prevail in a second American Revolution to overthrow these criminals….

History always repeats itself…..and just when you think it could never happen…well…it usually does….

In the meantime, I am a PROUD RENTER!

[Author]

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