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  • March 19, 2009 at 4:42 PM #15335
    sdrealtor
    Participant

    Time to pat myself on the back for yet another prediction that will shortly come true. A few months ago, I said book it for ultra low interest rates for refi’s and not just purchases. I said 4.5% was in the bag and 4% a near certainty.

    It really is the only solution that i could see for this boondoogle we find ourselves. The problem is the macro economy far more than housing. The FB’s are toast and that is not who will get us out of this mess. Who and what will get us out of this mess is refi’ing mortgages for the vast majority who are responsible and have homes they can well afford. There are alot more of them than FB’s and sideline sitters. Drop their rates a 1% or 2% and give them a few hundred bucks a month to start consuming again. Cars start selling again……plasma’s fly off the shelves and the lines are long at the Outback…….

    It’s coming and you heard here first and called me crazy!!!!!

    March 19, 2009 at 4:51 PM #370114
    sdcellar
    Participant

    Yep, I remember you saying it and thought you stood a good chance of being right, even though I personally just don’t get it (and therefore would never make such a bold prediction myself).

    How the heck can credit be so cheap when there’s this supposed credit crunch? I’m told it has something to do with printing trillions of dollars or something…

    March 19, 2009 at 4:51 PM #370567
    sdcellar
    Participant

    Yep, I remember you saying it and thought you stood a good chance of being right, even though I personally just don’t get it (and therefore would never make such a bold prediction myself).

    How the heck can credit be so cheap when there’s this supposed credit crunch? I’m told it has something to do with printing trillions of dollars or something…

    March 19, 2009 at 4:51 PM #370723
    sdcellar
    Participant

    Yep, I remember you saying it and thought you stood a good chance of being right, even though I personally just don’t get it (and therefore would never make such a bold prediction myself).

    How the heck can credit be so cheap when there’s this supposed credit crunch? I’m told it has something to do with printing trillions of dollars or something…

    March 19, 2009 at 4:51 PM #370609
    sdcellar
    Participant

    Yep, I remember you saying it and thought you stood a good chance of being right, even though I personally just don’t get it (and therefore would never make such a bold prediction myself).

    How the heck can credit be so cheap when there’s this supposed credit crunch? I’m told it has something to do with printing trillions of dollars or something…

    March 19, 2009 at 4:51 PM #370402
    sdcellar
    Participant

    Yep, I remember you saying it and thought you stood a good chance of being right, even though I personally just don’t get it (and therefore would never make such a bold prediction myself).

    How the heck can credit be so cheap when there’s this supposed credit crunch? I’m told it has something to do with printing trillions of dollars or something…

    March 19, 2009 at 5:43 PM #370119
    sdrealtor
    Participant

    Its the only answer that I can see with a real chance of fixing this mess and turning around the economic malaise.

    March 19, 2009 at 5:43 PM #370572
    sdrealtor
    Participant

    Its the only answer that I can see with a real chance of fixing this mess and turning around the economic malaise.

    March 19, 2009 at 5:43 PM #370614
    sdrealtor
    Participant

    Its the only answer that I can see with a real chance of fixing this mess and turning around the economic malaise.

    March 19, 2009 at 5:43 PM #370407
    sdrealtor
    Participant

    Its the only answer that I can see with a real chance of fixing this mess and turning around the economic malaise.

    March 19, 2009 at 5:43 PM #370727
    sdrealtor
    Participant

    Its the only answer that I can see with a real chance of fixing this mess and turning around the economic malaise.

    March 19, 2009 at 5:51 PM #370582
    CA renter
    Participant

    [quote=sdrealtor]Its the only answer that I can see with a real chance of fixing this mess and turning around the economic malaise.[/quote]
    ———

    What about just letting prices fall to their natural levels instead of constantly trying to manipulate rates, terms, currency, and bond prices?

    Just asking… 😉

    BTW, did not receive an e-mail from you, just in case you’ve sent one to a wrong e-mail address. Didn’t want you to think I was ignoring you or anything if you did send an e-mail. Hope all’s going well with you guys! 🙂

    March 19, 2009 at 5:51 PM #370737
    CA renter
    Participant

    [quote=sdrealtor]Its the only answer that I can see with a real chance of fixing this mess and turning around the economic malaise.[/quote]
    ———

    What about just letting prices fall to their natural levels instead of constantly trying to manipulate rates, terms, currency, and bond prices?

    Just asking… 😉

    BTW, did not receive an e-mail from you, just in case you’ve sent one to a wrong e-mail address. Didn’t want you to think I was ignoring you or anything if you did send an e-mail. Hope all’s going well with you guys! 🙂

    March 19, 2009 at 5:51 PM #370624
    CA renter
    Participant

    [quote=sdrealtor]Its the only answer that I can see with a real chance of fixing this mess and turning around the economic malaise.[/quote]
    ———

    What about just letting prices fall to their natural levels instead of constantly trying to manipulate rates, terms, currency, and bond prices?

    Just asking… 😉

    BTW, did not receive an e-mail from you, just in case you’ve sent one to a wrong e-mail address. Didn’t want you to think I was ignoring you or anything if you did send an e-mail. Hope all’s going well with you guys! 🙂

    March 19, 2009 at 5:51 PM #370416
    CA renter
    Participant

    [quote=sdrealtor]Its the only answer that I can see with a real chance of fixing this mess and turning around the economic malaise.[/quote]
    ———

    What about just letting prices fall to their natural levels instead of constantly trying to manipulate rates, terms, currency, and bond prices?

    Just asking… 😉

    BTW, did not receive an e-mail from you, just in case you’ve sent one to a wrong e-mail address. Didn’t want you to think I was ignoring you or anything if you did send an e-mail. Hope all’s going well with you guys! 🙂

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