- This topic has 85 replies, 14 voices, and was last updated 17 years, 9 months ago by
Anonymous.
-
AuthorPosts
-
February 29, 2008 at 1:18 PM #163138February 29, 2008 at 1:26 PM #162737
CoronitaParticipantThis is going to be tough this year.
1)Choose the unknown economic policy of McCain.
or
2)Choose the known and scary economic policy of the Democrats.
I guess there's alway R. Nader 🙂
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
February 29, 2008 at 1:26 PM #163040
CoronitaParticipantThis is going to be tough this year.
1)Choose the unknown economic policy of McCain.
or
2)Choose the known and scary economic policy of the Democrats.
I guess there's alway R. Nader 🙂
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
February 29, 2008 at 1:26 PM #163053
CoronitaParticipantThis is going to be tough this year.
1)Choose the unknown economic policy of McCain.
or
2)Choose the known and scary economic policy of the Democrats.
I guess there's alway R. Nader 🙂
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
February 29, 2008 at 1:26 PM #163067
CoronitaParticipantThis is going to be tough this year.
1)Choose the unknown economic policy of McCain.
or
2)Choose the known and scary economic policy of the Democrats.
I guess there's alway R. Nader 🙂
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
February 29, 2008 at 1:26 PM #163143
CoronitaParticipantThis is going to be tough this year.
1)Choose the unknown economic policy of McCain.
or
2)Choose the known and scary economic policy of the Democrats.
I guess there's alway R. Nader 🙂
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
February 29, 2008 at 2:07 PM #162757Sandi Egan
ParticipantWhy would mccain change current economic course?
February 29, 2008 at 2:07 PM #163060Sandi Egan
ParticipantWhy would mccain change current economic course?
February 29, 2008 at 2:07 PM #163073Sandi Egan
ParticipantWhy would mccain change current economic course?
February 29, 2008 at 2:07 PM #163087Sandi Egan
ParticipantWhy would mccain change current economic course?
February 29, 2008 at 2:07 PM #163164Sandi Egan
ParticipantWhy would mccain change current economic course?
February 29, 2008 at 2:30 PM #162772beanmaestro
ParticipantI have to think that no matter what happens in the 2008 election, by next winter it’ll be too late to do much of anything. If Congress doesn’t pass a bipartisan bill (or the banks do something similar voluntarily) this year, one of two things will happen:
1. Housing will bottom on its own next winter & spring, before a hypothetical Democratic government could change anything meaningful.
2. 2008 will look a lot like 2007. Houses now or nearly at the NOD stage will foreclose and flood the market, adding another 6 months of inventory; credit availability and demand drops, prices fall 15-20% further, pulling another N million mortgages into foreclosure. Either the banks will work out mortgage reductions on their own, or the inventory on the market will be so large by the time the Democrats take office that nothing short of burning down the excess supply will fix it.
February 29, 2008 at 2:30 PM #163076beanmaestro
ParticipantI have to think that no matter what happens in the 2008 election, by next winter it’ll be too late to do much of anything. If Congress doesn’t pass a bipartisan bill (or the banks do something similar voluntarily) this year, one of two things will happen:
1. Housing will bottom on its own next winter & spring, before a hypothetical Democratic government could change anything meaningful.
2. 2008 will look a lot like 2007. Houses now or nearly at the NOD stage will foreclose and flood the market, adding another 6 months of inventory; credit availability and demand drops, prices fall 15-20% further, pulling another N million mortgages into foreclosure. Either the banks will work out mortgage reductions on their own, or the inventory on the market will be so large by the time the Democrats take office that nothing short of burning down the excess supply will fix it.
February 29, 2008 at 2:30 PM #163088beanmaestro
ParticipantI have to think that no matter what happens in the 2008 election, by next winter it’ll be too late to do much of anything. If Congress doesn’t pass a bipartisan bill (or the banks do something similar voluntarily) this year, one of two things will happen:
1. Housing will bottom on its own next winter & spring, before a hypothetical Democratic government could change anything meaningful.
2. 2008 will look a lot like 2007. Houses now or nearly at the NOD stage will foreclose and flood the market, adding another 6 months of inventory; credit availability and demand drops, prices fall 15-20% further, pulling another N million mortgages into foreclosure. Either the banks will work out mortgage reductions on their own, or the inventory on the market will be so large by the time the Democrats take office that nothing short of burning down the excess supply will fix it.
February 29, 2008 at 2:30 PM #163102beanmaestro
ParticipantI have to think that no matter what happens in the 2008 election, by next winter it’ll be too late to do much of anything. If Congress doesn’t pass a bipartisan bill (or the banks do something similar voluntarily) this year, one of two things will happen:
1. Housing will bottom on its own next winter & spring, before a hypothetical Democratic government could change anything meaningful.
2. 2008 will look a lot like 2007. Houses now or nearly at the NOD stage will foreclose and flood the market, adding another 6 months of inventory; credit availability and demand drops, prices fall 15-20% further, pulling another N million mortgages into foreclosure. Either the banks will work out mortgage reductions on their own, or the inventory on the market will be so large by the time the Democrats take office that nothing short of burning down the excess supply will fix it.
-
AuthorPosts
- You must be logged in to reply to this topic.
