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September 21, 2008 at 9:59 AM #273783September 21, 2008 at 10:03 AM #273470eyePodParticipant
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September 21, 2008 at 10:03 AM #273716eyePodParticipant.
September 21, 2008 at 10:03 AM #273720eyePodParticipant.
September 21, 2008 at 10:03 AM #273764eyePodParticipant.
September 21, 2008 at 10:03 AM #273788eyePodParticipant.
September 21, 2008 at 10:31 AM #273475FletchParticipantI hope I didn’t just pick the exact wrong time to sell my house.
OK, I am losing a ton of equity. Shame on me for buying in 2005. (I still have some gains elsewhere from a house we had between 2000-2005.)
But I figured if I sell now, my purchasing power will be greater than most in two years because of further price declines and an intact credit score. (And my wife and I make good money.)
I wouldn’t be surprised if this bailout will a) clear the credit stain from those who just walked away from their house, and b)artificially prop up house prices to boot. I hope capman and peterb are right that price/income still has no choice but to correct.
September 21, 2008 at 10:31 AM #273721FletchParticipantI hope I didn’t just pick the exact wrong time to sell my house.
OK, I am losing a ton of equity. Shame on me for buying in 2005. (I still have some gains elsewhere from a house we had between 2000-2005.)
But I figured if I sell now, my purchasing power will be greater than most in two years because of further price declines and an intact credit score. (And my wife and I make good money.)
I wouldn’t be surprised if this bailout will a) clear the credit stain from those who just walked away from their house, and b)artificially prop up house prices to boot. I hope capman and peterb are right that price/income still has no choice but to correct.
September 21, 2008 at 10:31 AM #273725FletchParticipantI hope I didn’t just pick the exact wrong time to sell my house.
OK, I am losing a ton of equity. Shame on me for buying in 2005. (I still have some gains elsewhere from a house we had between 2000-2005.)
But I figured if I sell now, my purchasing power will be greater than most in two years because of further price declines and an intact credit score. (And my wife and I make good money.)
I wouldn’t be surprised if this bailout will a) clear the credit stain from those who just walked away from their house, and b)artificially prop up house prices to boot. I hope capman and peterb are right that price/income still has no choice but to correct.
September 21, 2008 at 10:31 AM #273769FletchParticipantI hope I didn’t just pick the exact wrong time to sell my house.
OK, I am losing a ton of equity. Shame on me for buying in 2005. (I still have some gains elsewhere from a house we had between 2000-2005.)
But I figured if I sell now, my purchasing power will be greater than most in two years because of further price declines and an intact credit score. (And my wife and I make good money.)
I wouldn’t be surprised if this bailout will a) clear the credit stain from those who just walked away from their house, and b)artificially prop up house prices to boot. I hope capman and peterb are right that price/income still has no choice but to correct.
September 21, 2008 at 10:31 AM #273793FletchParticipantI hope I didn’t just pick the exact wrong time to sell my house.
OK, I am losing a ton of equity. Shame on me for buying in 2005. (I still have some gains elsewhere from a house we had between 2000-2005.)
But I figured if I sell now, my purchasing power will be greater than most in two years because of further price declines and an intact credit score. (And my wife and I make good money.)
I wouldn’t be surprised if this bailout will a) clear the credit stain from those who just walked away from their house, and b)artificially prop up house prices to boot. I hope capman and peterb are right that price/income still has no choice but to correct.
September 21, 2008 at 10:48 AM #273480peterbParticipantFletch, when has the govt ever really done anyting in the markets that helped the average guy? This bail out helps the banks from collapse and will hopefully prevent full scale panic. (Jury still out on that one.)
We are seeing huge swings in the markets. This is called “unstable”. Not a place to be with a hightly illiquid asset that has been decreasing in value for some time now.
If the govt is successful with this attempt, it would be the first time in history that a govt was able to halt a bursting credit bubble.No one can predict the future, but history and statistics are on your side.
September 21, 2008 at 10:48 AM #273726peterbParticipantFletch, when has the govt ever really done anyting in the markets that helped the average guy? This bail out helps the banks from collapse and will hopefully prevent full scale panic. (Jury still out on that one.)
We are seeing huge swings in the markets. This is called “unstable”. Not a place to be with a hightly illiquid asset that has been decreasing in value for some time now.
If the govt is successful with this attempt, it would be the first time in history that a govt was able to halt a bursting credit bubble.No one can predict the future, but history and statistics are on your side.
September 21, 2008 at 10:48 AM #273730peterbParticipantFletch, when has the govt ever really done anyting in the markets that helped the average guy? This bail out helps the banks from collapse and will hopefully prevent full scale panic. (Jury still out on that one.)
We are seeing huge swings in the markets. This is called “unstable”. Not a place to be with a hightly illiquid asset that has been decreasing in value for some time now.
If the govt is successful with this attempt, it would be the first time in history that a govt was able to halt a bursting credit bubble.No one can predict the future, but history and statistics are on your side.
September 21, 2008 at 10:48 AM #273774peterbParticipantFletch, when has the govt ever really done anyting in the markets that helped the average guy? This bail out helps the banks from collapse and will hopefully prevent full scale panic. (Jury still out on that one.)
We are seeing huge swings in the markets. This is called “unstable”. Not a place to be with a hightly illiquid asset that has been decreasing in value for some time now.
If the govt is successful with this attempt, it would be the first time in history that a govt was able to halt a bursting credit bubble.No one can predict the future, but history and statistics are on your side.
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