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  • February 4, 2009 at 8:14 PM #341487
    barnaby33
    Participant

    It’s hard to imagine that being any worse than what we’re seeing now.

    Why bother imagining, just wake tomorrow. I can guarantee it will be worse. This whole shebang is like on long Alexander Solzenhitzen novel. Each idea worse than the last, calculated only to appease short term needs of a politically connected few at the expense of EVERYONE.

    Josh

    February 6, 2009 at 9:31 AM #341900
    donaldduckmoore
    Participant

    Everybody agrees that it is all the buyers’ hope that the house market will tank when we allow it to self-correct so that everybody can get a piece of cheap house. But our government is looking at it at a different perspective. If there are flushed with foreclosures, the house market will not recover so as the whole economy. Their #1 priority now is to save the housing market as indicated in the news numerous times. Letting it go down is not doing any good to our economy and to the employment as a whole.

    February 6, 2009 at 9:31 AM #342222
    donaldduckmoore
    Participant

    Everybody agrees that it is all the buyers’ hope that the house market will tank when we allow it to self-correct so that everybody can get a piece of cheap house. But our government is looking at it at a different perspective. If there are flushed with foreclosures, the house market will not recover so as the whole economy. Their #1 priority now is to save the housing market as indicated in the news numerous times. Letting it go down is not doing any good to our economy and to the employment as a whole.

    February 6, 2009 at 9:31 AM #342326
    donaldduckmoore
    Participant

    Everybody agrees that it is all the buyers’ hope that the house market will tank when we allow it to self-correct so that everybody can get a piece of cheap house. But our government is looking at it at a different perspective. If there are flushed with foreclosures, the house market will not recover so as the whole economy. Their #1 priority now is to save the housing market as indicated in the news numerous times. Letting it go down is not doing any good to our economy and to the employment as a whole.

    February 6, 2009 at 9:31 AM #342353
    donaldduckmoore
    Participant

    Everybody agrees that it is all the buyers’ hope that the house market will tank when we allow it to self-correct so that everybody can get a piece of cheap house. But our government is looking at it at a different perspective. If there are flushed with foreclosures, the house market will not recover so as the whole economy. Their #1 priority now is to save the housing market as indicated in the news numerous times. Letting it go down is not doing any good to our economy and to the employment as a whole.

    February 6, 2009 at 9:31 AM #342448
    donaldduckmoore
    Participant

    Everybody agrees that it is all the buyers’ hope that the house market will tank when we allow it to self-correct so that everybody can get a piece of cheap house. But our government is looking at it at a different perspective. If there are flushed with foreclosures, the house market will not recover so as the whole economy. Their #1 priority now is to save the housing market as indicated in the news numerous times. Letting it go down is not doing any good to our economy and to the employment as a whole.

    February 6, 2009 at 10:25 AM #341965
    cr
    Participant

    I agree with you on why the Gov’t is doing that ddm, but you should read Ramsey Su’s WSJ article on allowing foreclosures.

    Nearly 40% of the country rents, and less than 10%, I believe still closer to 5% are in foreclosure.

    Foreclosure is a painful but necessary solution. It will hurt in the short term but help in the long term: upside down families can startover, those priced out can buy a very affordable house.

    Politicians are doing everything they can to avoid any pain at all. In doing so they push the inevitable back and only make it worse.

    February 6, 2009 at 10:25 AM #342287
    cr
    Participant

    I agree with you on why the Gov’t is doing that ddm, but you should read Ramsey Su’s WSJ article on allowing foreclosures.

    Nearly 40% of the country rents, and less than 10%, I believe still closer to 5% are in foreclosure.

    Foreclosure is a painful but necessary solution. It will hurt in the short term but help in the long term: upside down families can startover, those priced out can buy a very affordable house.

    Politicians are doing everything they can to avoid any pain at all. In doing so they push the inevitable back and only make it worse.

    February 6, 2009 at 10:25 AM #342392
    cr
    Participant

    I agree with you on why the Gov’t is doing that ddm, but you should read Ramsey Su’s WSJ article on allowing foreclosures.

    Nearly 40% of the country rents, and less than 10%, I believe still closer to 5% are in foreclosure.

    Foreclosure is a painful but necessary solution. It will hurt in the short term but help in the long term: upside down families can startover, those priced out can buy a very affordable house.

    Politicians are doing everything they can to avoid any pain at all. In doing so they push the inevitable back and only make it worse.

    February 6, 2009 at 10:25 AM #342418
    cr
    Participant

    I agree with you on why the Gov’t is doing that ddm, but you should read Ramsey Su’s WSJ article on allowing foreclosures.

    Nearly 40% of the country rents, and less than 10%, I believe still closer to 5% are in foreclosure.

    Foreclosure is a painful but necessary solution. It will hurt in the short term but help in the long term: upside down families can startover, those priced out can buy a very affordable house.

    Politicians are doing everything they can to avoid any pain at all. In doing so they push the inevitable back and only make it worse.

    February 6, 2009 at 10:25 AM #342514
    cr
    Participant

    I agree with you on why the Gov’t is doing that ddm, but you should read Ramsey Su’s WSJ article on allowing foreclosures.

    Nearly 40% of the country rents, and less than 10%, I believe still closer to 5% are in foreclosure.

    Foreclosure is a painful but necessary solution. It will hurt in the short term but help in the long term: upside down families can startover, those priced out can buy a very affordable house.

    Politicians are doing everything they can to avoid any pain at all. In doing so they push the inevitable back and only make it worse.

    February 6, 2009 at 11:35 AM #342040
    Raybyrnes
    Participant

    Mortgage rates on 30 year fixed rose to 5.25% this week up from 5.1 percent last week. Last year at this time 30 year mortgage averaged 5.67%

    Union Tribune Business section

    February 6, 2009 at 11:35 AM #342361
    Raybyrnes
    Participant

    Mortgage rates on 30 year fixed rose to 5.25% this week up from 5.1 percent last week. Last year at this time 30 year mortgage averaged 5.67%

    Union Tribune Business section

    February 6, 2009 at 11:35 AM #342467
    Raybyrnes
    Participant

    Mortgage rates on 30 year fixed rose to 5.25% this week up from 5.1 percent last week. Last year at this time 30 year mortgage averaged 5.67%

    Union Tribune Business section

    February 6, 2009 at 11:35 AM #342495
    Raybyrnes
    Participant

    Mortgage rates on 30 year fixed rose to 5.25% this week up from 5.1 percent last week. Last year at this time 30 year mortgage averaged 5.67%

    Union Tribune Business section

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