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  • January 28, 2008 at 8:14 AM #144187
    sdrealtor
    Participant

    Very sobering for John Q. I thought it was a very good show also. One thing bothered me though. The sense of entitlement by the gal in the 2BR hopuse who said it doesnt make sense to stay and that the lender should just fix her loan. My response is a resonding NO! You screwed up! Walk away if you want but you should be financially screwed for the next 5 to 10 years as punishment for your stupidity.

    January 28, 2008 at 1:19 PM #144002
    Trojan4Life
    Participant

    That was one of the best broadcast mainstream media newspieces I’ve seen on this subject. Now watch what happens as the rest of the world finds out house truly fragile our housing market has become.

    January 28, 2008 at 1:19 PM #144239
    Trojan4Life
    Participant

    That was one of the best broadcast mainstream media newspieces I’ve seen on this subject. Now watch what happens as the rest of the world finds out house truly fragile our housing market has become.

    January 28, 2008 at 1:19 PM #144242
    Trojan4Life
    Participant

    That was one of the best broadcast mainstream media newspieces I’ve seen on this subject. Now watch what happens as the rest of the world finds out house truly fragile our housing market has become.

    January 28, 2008 at 1:19 PM #144271
    Trojan4Life
    Participant

    That was one of the best broadcast mainstream media newspieces I’ve seen on this subject. Now watch what happens as the rest of the world finds out house truly fragile our housing market has become.

    January 28, 2008 at 1:19 PM #144339
    Trojan4Life
    Participant

    That was one of the best broadcast mainstream media newspieces I’ve seen on this subject. Now watch what happens as the rest of the world finds out house truly fragile our housing market has become.

    January 28, 2008 at 1:50 PM #144009
    ltokuda
    Participant

    Are there any statistics for how many distressed non-recourse loans are out there? It seems like walking away while you’re underwater can be a very logical option. But I wonder how many people really have that option.

    January 28, 2008 at 1:50 PM #144244
    ltokuda
    Participant

    Are there any statistics for how many distressed non-recourse loans are out there? It seems like walking away while you’re underwater can be a very logical option. But I wonder how many people really have that option.

    January 28, 2008 at 1:50 PM #144247
    ltokuda
    Participant

    Are there any statistics for how many distressed non-recourse loans are out there? It seems like walking away while you’re underwater can be a very logical option. But I wonder how many people really have that option.

    January 28, 2008 at 1:50 PM #144276
    ltokuda
    Participant

    Are there any statistics for how many distressed non-recourse loans are out there? It seems like walking away while you’re underwater can be a very logical option. But I wonder how many people really have that option.

    January 28, 2008 at 1:50 PM #144343
    ltokuda
    Participant

    Are there any statistics for how many distressed non-recourse loans are out there? It seems like walking away while you’re underwater can be a very logical option. But I wonder how many people really have that option.

    January 28, 2008 at 2:32 PM #144029
    Eugene
    Participant

    how many distressed non-recourse loans are out there?

    In 2005 and 2006 San Diegans bought around 100,000 houses and condos. 25-30% of those had no equity in their houses to begin with (zero down). Every single one of these is distressed and non-recourse.

    The remaining buyers (mostly move-up buyers) made some real down-payments. These will start to shake out if their neighborhoods correct by 20-30% or more.

    January 28, 2008 at 2:32 PM #144264
    Eugene
    Participant

    how many distressed non-recourse loans are out there?

    In 2005 and 2006 San Diegans bought around 100,000 houses and condos. 25-30% of those had no equity in their houses to begin with (zero down). Every single one of these is distressed and non-recourse.

    The remaining buyers (mostly move-up buyers) made some real down-payments. These will start to shake out if their neighborhoods correct by 20-30% or more.

    January 28, 2008 at 2:32 PM #144267
    Eugene
    Participant

    how many distressed non-recourse loans are out there?

    In 2005 and 2006 San Diegans bought around 100,000 houses and condos. 25-30% of those had no equity in their houses to begin with (zero down). Every single one of these is distressed and non-recourse.

    The remaining buyers (mostly move-up buyers) made some real down-payments. These will start to shake out if their neighborhoods correct by 20-30% or more.

    January 28, 2008 at 2:32 PM #144296
    Eugene
    Participant

    how many distressed non-recourse loans are out there?

    In 2005 and 2006 San Diegans bought around 100,000 houses and condos. 25-30% of those had no equity in their houses to begin with (zero down). Every single one of these is distressed and non-recourse.

    The remaining buyers (mostly move-up buyers) made some real down-payments. These will start to shake out if their neighborhoods correct by 20-30% or more.

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