Another pat on the back…………

[Enorah]

I know someone who needs to refinance

You think 4 percent?

should she hold out for that?

[JustLurking]

[quote=sdrealtor]Putting discretionary income income the hands of the financial disciplined masses would do alot to help fix our imbalance over time.[/quote]

I’m sorry sdr, but since when are the masses “financially disciplined”?

[JustLurking]

[quote=sdrealtor]Putting discretionary income income the hands of the financial disciplined masses would do alot to help fix our imbalance over time.[/quote]

I’m sorry sdr, but since when are the masses “financially disciplined”?

[JustLurking]

[quote=sdrealtor]Putting discretionary income income the hands of the financial disciplined masses would do alot to help fix our imbalance over time.[/quote]

I’m sorry sdr, but since when are the masses “financially disciplined”?

[JustLurking]

[quote=sdrealtor]Putting discretionary income income the hands of the financial disciplined masses would do alot to help fix our imbalance over time.[/quote]

I’m sorry sdr, but since when are the masses “financially disciplined”?

[JustLurking]

[quote=sdrealtor]Putting discretionary income income the hands of the financial disciplined masses would do alot to help fix our imbalance over time.[/quote]

I’m sorry sdr, but since when are the masses “financially disciplined”?

[jpinpb]

Devil’s advocate here.

Unemployment is rising. And I’m not just looking at the numbers being reported. I’m looking at all the unemployed that can’t refile b/c their unemployment expired. I’m looking at those who were self-employed that can’t file. I’m looking at those under the table that can’t file. I’m looking at store owners closing shop that can’t file.

The number is much greater than reported. That’s not counting people who are reduced to part time that can’t file, but have reduced income now, those that are furloughed that have reduced income.

So prices are reduced and deals are out there. Who is going to buy if you are unemployed and/or making less money and/or maxed out w/student loans, car payments, credit cards, etc.

I’m not saying no one has money. I also see the other end. I see some people that pulled out 600k+ on a place they bought for in the ’80’s that have NODs that are sitting there rent/mortgage free for the past year and cash somewhere. But that’s a smaller percentage.

[jpinpb]

Devil’s advocate here.

Unemployment is rising. And I’m not just looking at the numbers being reported. I’m looking at all the unemployed that can’t refile b/c their unemployment expired. I’m looking at those who were self-employed that can’t file. I’m looking at those under the table that can’t file. I’m looking at store owners closing shop that can’t file.

The number is much greater than reported. That’s not counting people who are reduced to part time that can’t file, but have reduced income now, those that are furloughed that have reduced income.

So prices are reduced and deals are out there. Who is going to buy if you are unemployed and/or making less money and/or maxed out w/student loans, car payments, credit cards, etc.

I’m not saying no one has money. I also see the other end. I see some people that pulled out 600k+ on a place they bought for in the ’80’s that have NODs that are sitting there rent/mortgage free for the past year and cash somewhere. But that’s a smaller percentage.

[jpinpb]

Devil’s advocate here.

Unemployment is rising. And I’m not just looking at the numbers being reported. I’m looking at all the unemployed that can’t refile b/c their unemployment expired. I’m looking at those who were self-employed that can’t file. I’m looking at those under the table that can’t file. I’m looking at store owners closing shop that can’t file.

The number is much greater than reported. That’s not counting people who are reduced to part time that can’t file, but have reduced income now, those that are furloughed that have reduced income.

So prices are reduced and deals are out there. Who is going to buy if you are unemployed and/or making less money and/or maxed out w/student loans, car payments, credit cards, etc.

I’m not saying no one has money. I also see the other end. I see some people that pulled out 600k+ on a place they bought for in the ’80’s that have NODs that are sitting there rent/mortgage free for the past year and cash somewhere. But that’s a smaller percentage.

[jpinpb]

Devil’s advocate here.

Unemployment is rising. And I’m not just looking at the numbers being reported. I’m looking at all the unemployed that can’t refile b/c their unemployment expired. I’m looking at those who were self-employed that can’t file. I’m looking at those under the table that can’t file. I’m looking at store owners closing shop that can’t file.

The number is much greater than reported. That’s not counting people who are reduced to part time that can’t file, but have reduced income now, those that are furloughed that have reduced income.

So prices are reduced and deals are out there. Who is going to buy if you are unemployed and/or making less money and/or maxed out w/student loans, car payments, credit cards, etc.

I’m not saying no one has money. I also see the other end. I see some people that pulled out 600k+ on a place they bought for in the ’80’s that have NODs that are sitting there rent/mortgage free for the past year and cash somewhere. But that’s a smaller percentage.

[jpinpb]

Devil’s advocate here.

Unemployment is rising. And I’m not just looking at the numbers being reported. I’m looking at all the unemployed that can’t refile b/c their unemployment expired. I’m looking at those who were self-employed that can’t file. I’m looking at those under the table that can’t file. I’m looking at store owners closing shop that can’t file.

The number is much greater than reported. That’s not counting people who are reduced to part time that can’t file, but have reduced income now, those that are furloughed that have reduced income.

So prices are reduced and deals are out there. Who is going to buy if you are unemployed and/or making less money and/or maxed out w/student loans, car payments, credit cards, etc.

I’m not saying no one has money. I also see the other end. I see some people that pulled out 600k+ on a place they bought for in the ’80’s that have NODs that are sitting there rent/mortgage free for the past year and cash somewhere. But that’s a smaller percentage.

[CA renter]

Perhaps we could do something at my home and you could bring your kids to play. I’ve got a killer trampoline out back!

Sounds like fun! Either there or here is good for us, and the kids would love it. We’ve been busy, too (taxes and sick), so that worked for us also. 🙂

I guess my thoughts go far beyond home prices. The entire economy is off balance. There are plenty of people with money out there. Far more than not I beleive. The psychology is such that they are not spending. This would stimulate every sector of the economy.

We agree on getting money into people’s pockets, but have different approaches. My belief is that we are in this mess because people have too much debt. It doesn’t matter what you do with interest rates, in many cases. We need to repudiate the debt, and the best way to do that is to walk away from it. Sounds bad, but the lenders made their own beds, and we should not threaten our currency in order to make idiots (both borrowers and lenders) whole.

It’s all about moral hazard. If we devalue our currency to save the lenders and borrowers, then we will have learned nothing, and will end up in a much worse situation in the near future. The reason we’re in this mess is because Greenspan kept trying to save all the risk cowboys. It pushed milder recessions down the road, and let them build up into this quagmire that will end up doing far more damage than if we had taken our lumps when we needed to.

The system needs to be flushed out, and people who loaned to deadbeats (and the deadbeats themselves) need to lose their a$$es in order for us the make the necessary corrections so we can get to a place where we can experience solid growth for the long-term.

[CA renter]

Perhaps we could do something at my home and you could bring your kids to play. I’ve got a killer trampoline out back!

Sounds like fun! Either there or here is good for us, and the kids would love it. We’ve been busy, too (taxes and sick), so that worked for us also. 🙂

I guess my thoughts go far beyond home prices. The entire economy is off balance. There are plenty of people with money out there. Far more than not I beleive. The psychology is such that they are not spending. This would stimulate every sector of the economy.

We agree on getting money into people’s pockets, but have different approaches. My belief is that we are in this mess because people have too much debt. It doesn’t matter what you do with interest rates, in many cases. We need to repudiate the debt, and the best way to do that is to walk away from it. Sounds bad, but the lenders made their own beds, and we should not threaten our currency in order to make idiots (both borrowers and lenders) whole.

It’s all about moral hazard. If we devalue our currency to save the lenders and borrowers, then we will have learned nothing, and will end up in a much worse situation in the near future. The reason we’re in this mess is because Greenspan kept trying to save all the risk cowboys. It pushed milder recessions down the road, and let them build up into this quagmire that will end up doing far more damage than if we had taken our lumps when we needed to.

The system needs to be flushed out, and people who loaned to deadbeats (and the deadbeats themselves) need to lose their a$$es in order for us the make the necessary corrections so we can get to a place where we can experience solid growth for the long-term.

[CA renter]

Perhaps we could do something at my home and you could bring your kids to play. I’ve got a killer trampoline out back!

Sounds like fun! Either there or here is good for us, and the kids would love it. We’ve been busy, too (taxes and sick), so that worked for us also. 🙂

I guess my thoughts go far beyond home prices. The entire economy is off balance. There are plenty of people with money out there. Far more than not I beleive. The psychology is such that they are not spending. This would stimulate every sector of the economy.

We agree on getting money into people’s pockets, but have different approaches. My belief is that we are in this mess because people have too much debt. It doesn’t matter what you do with interest rates, in many cases. We need to repudiate the debt, and the best way to do that is to walk away from it. Sounds bad, but the lenders made their own beds, and we should not threaten our currency in order to make idiots (both borrowers and lenders) whole.

It’s all about moral hazard. If we devalue our currency to save the lenders and borrowers, then we will have learned nothing, and will end up in a much worse situation in the near future. The reason we’re in this mess is because Greenspan kept trying to save all the risk cowboys. It pushed milder recessions down the road, and let them build up into this quagmire that will end up doing far more damage than if we had taken our lumps when we needed to.

The system needs to be flushed out, and people who loaned to deadbeats (and the deadbeats themselves) need to lose their a$$es in order for us the make the necessary corrections so we can get to a place where we can experience solid growth for the long-term.

[CA renter]

Perhaps we could do something at my home and you could bring your kids to play. I’ve got a killer trampoline out back!

Sounds like fun! Either there or here is good for us, and the kids would love it. We’ve been busy, too (taxes and sick), so that worked for us also. 🙂

I guess my thoughts go far beyond home prices. The entire economy is off balance. There are plenty of people with money out there. Far more than not I beleive. The psychology is such that they are not spending. This would stimulate every sector of the economy.

We agree on getting money into people’s pockets, but have different approaches. My belief is that we are in this mess because people have too much debt. It doesn’t matter what you do with interest rates, in many cases. We need to repudiate the debt, and the best way to do that is to walk away from it. Sounds bad, but the lenders made their own beds, and we should not threaten our currency in order to make idiots (both borrowers and lenders) whole.

It’s all about moral hazard. If we devalue our currency to save the lenders and borrowers, then we will have learned nothing, and will end up in a much worse situation in the near future. The reason we’re in this mess is because Greenspan kept trying to save all the risk cowboys. It pushed milder recessions down the road, and let them build up into this quagmire that will end up doing far more damage than if we had taken our lumps when we needed to.

The system needs to be flushed out, and people who loaned to deadbeats (and the deadbeats themselves) need to lose their a$$es in order for us the make the necessary corrections so we can get to a place where we can experience solid growth for the long-term.

[Author]

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