Bailout won’t cure all that ails housing

[DWCAP]

I keep wondering what will happen in 2010. That is when the GSE’s are suppose to start being net sellers instead of buyers. With no insurance, crippled banks and investment houses and burned investers, who is gonna be buying this stuff again? So then the fed doesnt sell, and yet trying to limit its exposure, starts trying to limit incoming loans. Fannie already not accepting AltA as of 2009. No AltA, No subprime, No liar loans, 20% down, full income qualification, low demand for RE bonds.
I really think the GOV is trying to find a way to fix housing in the rust belt without bubbling housing in CA/FL. I dont think they can do it, but that wont keep them from trying.

[bob007]

Coastal california will be the last shoe to drop. Imagine a $20 billion extended cut in the California State Budget.

The government is incapable of nationalizing the lending industry. It takes money away from all other social programs that Obama wants or the wars McCain wants to prosecute. They will alllow interest rates to rise to allow market forces to function.

Interest rates from 6% to 9% will marginally affect housing in Dallas or North Dakota. It can put a Texas size hole in the California market.

[bob007]

Coastal california will be the last shoe to drop. Imagine a $20 billion extended cut in the California State Budget.

The government is incapable of nationalizing the lending industry. It takes money away from all other social programs that Obama wants or the wars McCain wants to prosecute. They will alllow interest rates to rise to allow market forces to function.

Interest rates from 6% to 9% will marginally affect housing in Dallas or North Dakota. It can put a Texas size hole in the California market.

[bob007]

Coastal california will be the last shoe to drop. Imagine a $20 billion extended cut in the California State Budget.

The government is incapable of nationalizing the lending industry. It takes money away from all other social programs that Obama wants or the wars McCain wants to prosecute. They will alllow interest rates to rise to allow market forces to function.

Interest rates from 6% to 9% will marginally affect housing in Dallas or North Dakota. It can put a Texas size hole in the California market.

[bob007]

Coastal california will be the last shoe to drop. Imagine a $20 billion extended cut in the California State Budget.

The government is incapable of nationalizing the lending industry. It takes money away from all other social programs that Obama wants or the wars McCain wants to prosecute. They will alllow interest rates to rise to allow market forces to function.

Interest rates from 6% to 9% will marginally affect housing in Dallas or North Dakota. It can put a Texas size hole in the California market.

[bob007]

Coastal california will be the last shoe to drop. Imagine a $20 billion extended cut in the California State Budget.

The government is incapable of nationalizing the lending industry. It takes money away from all other social programs that Obama wants or the wars McCain wants to prosecute. They will alllow interest rates to rise to allow market forces to function.

Interest rates from 6% to 9% will marginally affect housing in Dallas or North Dakota. It can put a Texas size hole in the California market.

[SD Realtor]

“The government is incapable of nationalizing the lending industry”

Well I guess we will see about that won’t we.

Two years ago many would have thought it would be incapable for the government to put a 29 billion dollar collar around a Bear Stearns “buyout”.

I don’t think there is anything that our government is incapable of doing wrong.

[SD Realtor]

“The government is incapable of nationalizing the lending industry”

Well I guess we will see about that won’t we.

Two years ago many would have thought it would be incapable for the government to put a 29 billion dollar collar around a Bear Stearns “buyout”.

I don’t think there is anything that our government is incapable of doing wrong.

[SD Realtor]

“The government is incapable of nationalizing the lending industry”

Well I guess we will see about that won’t we.

Two years ago many would have thought it would be incapable for the government to put a 29 billion dollar collar around a Bear Stearns “buyout”.

I don’t think there is anything that our government is incapable of doing wrong.

[SD Realtor]

“The government is incapable of nationalizing the lending industry”

Well I guess we will see about that won’t we.

Two years ago many would have thought it would be incapable for the government to put a 29 billion dollar collar around a Bear Stearns “buyout”.

I don’t think there is anything that our government is incapable of doing wrong.

[SD Realtor]

“The government is incapable of nationalizing the lending industry”

Well I guess we will see about that won’t we.

Two years ago many would have thought it would be incapable for the government to put a 29 billion dollar collar around a Bear Stearns “buyout”.

I don’t think there is anything that our government is incapable of doing wrong.

[NotCranky]

So far the (stronger)financial institutions and pols seem to want a correction plus bailouts of the type we are seeing. Foreclosure moratoriums could still be in the future. I think unemployment would have to go up quite a bit.

In the depression 25 states succeeded in placing foreclosure moratoriums, some for as long as 5 years. Aguirre was scoffed at for his “safe haven comments” but he has company… and it could grow.I have read that he has been harping AG Brown to get out of closed door meetings with the banks and and join him and his supporters.

When average people who bought responsibly and have fixed mortgages with no additional loan balances from time of purchase start to get evicted by foreclosures(probably because of unemployment), in mass, we might see more grass roots organization in this direction.
I guess It depends on how far the economy spins out of control.

It is obvious, as several posters have stated, that more “gubmint” intervention is in the works.Whether or not we get to this is to be seen but I think the selective use of moratoriums is possible.

As SDR has said many times, and may be correct about, it could be a whole new ball game if the liberal, populist element gets strengthened in these elections.

I think it would be kind of a surreal experience buying a house under a foreclosure moratorium. Wierd.

[NotCranky]

So far the (stronger)financial institutions and pols seem to want a correction plus bailouts of the type we are seeing. Foreclosure moratoriums could still be in the future. I think unemployment would have to go up quite a bit.

In the depression 25 states succeeded in placing foreclosure moratoriums, some for as long as 5 years. Aguirre was scoffed at for his “safe haven comments” but he has company… and it could grow.I have read that he has been harping AG Brown to get out of closed door meetings with the banks and and join him and his supporters.

When average people who bought responsibly and have fixed mortgages with no additional loan balances from time of purchase start to get evicted by foreclosures(probably because of unemployment), in mass, we might see more grass roots organization in this direction.
I guess It depends on how far the economy spins out of control.

It is obvious, as several posters have stated, that more “gubmint” intervention is in the works.Whether or not we get to this is to be seen but I think the selective use of moratoriums is possible.

As SDR has said many times, and may be correct about, it could be a whole new ball game if the liberal, populist element gets strengthened in these elections.

I think it would be kind of a surreal experience buying a house under a foreclosure moratorium. Wierd.

[NotCranky]

So far the (stronger)financial institutions and pols seem to want a correction plus bailouts of the type we are seeing. Foreclosure moratoriums could still be in the future. I think unemployment would have to go up quite a bit.

In the depression 25 states succeeded in placing foreclosure moratoriums, some for as long as 5 years. Aguirre was scoffed at for his “safe haven comments” but he has company… and it could grow.I have read that he has been harping AG Brown to get out of closed door meetings with the banks and and join him and his supporters.

When average people who bought responsibly and have fixed mortgages with no additional loan balances from time of purchase start to get evicted by foreclosures(probably because of unemployment), in mass, we might see more grass roots organization in this direction.
I guess It depends on how far the economy spins out of control.

It is obvious, as several posters have stated, that more “gubmint” intervention is in the works.Whether or not we get to this is to be seen but I think the selective use of moratoriums is possible.

As SDR has said many times, and may be correct about, it could be a whole new ball game if the liberal, populist element gets strengthened in these elections.

I think it would be kind of a surreal experience buying a house under a foreclosure moratorium. Wierd.

[NotCranky]

So far the (stronger)financial institutions and pols seem to want a correction plus bailouts of the type we are seeing. Foreclosure moratoriums could still be in the future. I think unemployment would have to go up quite a bit.

In the depression 25 states succeeded in placing foreclosure moratoriums, some for as long as 5 years. Aguirre was scoffed at for his “safe haven comments” but he has company… and it could grow.I have read that he has been harping AG Brown to get out of closed door meetings with the banks and and join him and his supporters.

When average people who bought responsibly and have fixed mortgages with no additional loan balances from time of purchase start to get evicted by foreclosures(probably because of unemployment), in mass, we might see more grass roots organization in this direction.
I guess It depends on how far the economy spins out of control.

It is obvious, as several posters have stated, that more “gubmint” intervention is in the works.Whether or not we get to this is to be seen but I think the selective use of moratoriums is possible.

As SDR has said many times, and may be correct about, it could be a whole new ball game if the liberal, populist element gets strengthened in these elections.

I think it would be kind of a surreal experience buying a house under a foreclosure moratorium. Wierd.

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