Home › Forums › Closed Forums › Buying and Selling RE › Cash offers … banks slitting their own throats?
- This topic has 185 replies, 16 voices, and was last updated 15 years, 2 months ago by AK.
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August 20, 2009 at 9:34 PM #448072August 20, 2009 at 9:41 PM #447293AecetiaParticipant
Awesome quote AK. One of my all time favorite movies. I think that the cash people will buy now and then it will be time for the normal people who have a down payment to buy. I think their time is almost here.
August 20, 2009 at 9:41 PM #447485AecetiaParticipantAwesome quote AK. One of my all time favorite movies. I think that the cash people will buy now and then it will be time for the normal people who have a down payment to buy. I think their time is almost here.
August 20, 2009 at 9:41 PM #447823AecetiaParticipantAwesome quote AK. One of my all time favorite movies. I think that the cash people will buy now and then it will be time for the normal people who have a down payment to buy. I think their time is almost here.
August 20, 2009 at 9:41 PM #447894AecetiaParticipantAwesome quote AK. One of my all time favorite movies. I think that the cash people will buy now and then it will be time for the normal people who have a down payment to buy. I think their time is almost here.
August 20, 2009 at 9:41 PM #448077AecetiaParticipantAwesome quote AK. One of my all time favorite movies. I think that the cash people will buy now and then it will be time for the normal people who have a down payment to buy. I think their time is almost here.
August 20, 2009 at 10:02 PM #447298SD RealtorParticipantAecetia I hope you are right.
However I have a very unsettling feeling that the lesson learned will be that those with the gold rule and the house can rig the game alot longer then joe six pack can save a few thousand a year to add to his downpayment.
In short the government and the banks will continue to be the house and bend the rules to thier own liking. Holding a couple hundred thousand homes for a few years is not to hard to do when trillions of taxpayer money has been pumped into the system, and/or accounting rules may be changed into your favor.
I am now starting to lean in the direction that this market is indeed so manipulated that runaway interest rates will be the only thing that can push pricing down in a heavy manner.
I guess we will see.
August 20, 2009 at 10:02 PM #447489SD RealtorParticipantAecetia I hope you are right.
However I have a very unsettling feeling that the lesson learned will be that those with the gold rule and the house can rig the game alot longer then joe six pack can save a few thousand a year to add to his downpayment.
In short the government and the banks will continue to be the house and bend the rules to thier own liking. Holding a couple hundred thousand homes for a few years is not to hard to do when trillions of taxpayer money has been pumped into the system, and/or accounting rules may be changed into your favor.
I am now starting to lean in the direction that this market is indeed so manipulated that runaway interest rates will be the only thing that can push pricing down in a heavy manner.
I guess we will see.
August 20, 2009 at 10:02 PM #447828SD RealtorParticipantAecetia I hope you are right.
However I have a very unsettling feeling that the lesson learned will be that those with the gold rule and the house can rig the game alot longer then joe six pack can save a few thousand a year to add to his downpayment.
In short the government and the banks will continue to be the house and bend the rules to thier own liking. Holding a couple hundred thousand homes for a few years is not to hard to do when trillions of taxpayer money has been pumped into the system, and/or accounting rules may be changed into your favor.
I am now starting to lean in the direction that this market is indeed so manipulated that runaway interest rates will be the only thing that can push pricing down in a heavy manner.
I guess we will see.
August 20, 2009 at 10:02 PM #447899SD RealtorParticipantAecetia I hope you are right.
However I have a very unsettling feeling that the lesson learned will be that those with the gold rule and the house can rig the game alot longer then joe six pack can save a few thousand a year to add to his downpayment.
In short the government and the banks will continue to be the house and bend the rules to thier own liking. Holding a couple hundred thousand homes for a few years is not to hard to do when trillions of taxpayer money has been pumped into the system, and/or accounting rules may be changed into your favor.
I am now starting to lean in the direction that this market is indeed so manipulated that runaway interest rates will be the only thing that can push pricing down in a heavy manner.
I guess we will see.
August 20, 2009 at 10:02 PM #448082SD RealtorParticipantAecetia I hope you are right.
However I have a very unsettling feeling that the lesson learned will be that those with the gold rule and the house can rig the game alot longer then joe six pack can save a few thousand a year to add to his downpayment.
In short the government and the banks will continue to be the house and bend the rules to thier own liking. Holding a couple hundred thousand homes for a few years is not to hard to do when trillions of taxpayer money has been pumped into the system, and/or accounting rules may be changed into your favor.
I am now starting to lean in the direction that this market is indeed so manipulated that runaway interest rates will be the only thing that can push pricing down in a heavy manner.
I guess we will see.
August 20, 2009 at 10:11 PM #447308bsrsharmaParticipantI think their time is almost here.
On the contrary, we may be seeing a transition to a new culture of savings and investment rather than borrow and consume. There is an increase in savings rate and decrease in consumption. This is causing the economy to stagnate. If you see the demographics, the baby boomers are retiring; their productive phase of life is coming to an end and from now on they will be net consumers who will live off their savings. Even the governments can only borrow for so long; the lenders are going to demand more.
August 20, 2009 at 10:11 PM #447500bsrsharmaParticipantI think their time is almost here.
On the contrary, we may be seeing a transition to a new culture of savings and investment rather than borrow and consume. There is an increase in savings rate and decrease in consumption. This is causing the economy to stagnate. If you see the demographics, the baby boomers are retiring; their productive phase of life is coming to an end and from now on they will be net consumers who will live off their savings. Even the governments can only borrow for so long; the lenders are going to demand more.
August 20, 2009 at 10:11 PM #447838bsrsharmaParticipantI think their time is almost here.
On the contrary, we may be seeing a transition to a new culture of savings and investment rather than borrow and consume. There is an increase in savings rate and decrease in consumption. This is causing the economy to stagnate. If you see the demographics, the baby boomers are retiring; their productive phase of life is coming to an end and from now on they will be net consumers who will live off their savings. Even the governments can only borrow for so long; the lenders are going to demand more.
August 20, 2009 at 10:11 PM #447909bsrsharmaParticipantI think their time is almost here.
On the contrary, we may be seeing a transition to a new culture of savings and investment rather than borrow and consume. There is an increase in savings rate and decrease in consumption. This is causing the economy to stagnate. If you see the demographics, the baby boomers are retiring; their productive phase of life is coming to an end and from now on they will be net consumers who will live off their savings. Even the governments can only borrow for so long; the lenders are going to demand more.
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