Gov’t to target 4.5% for mortgages

[DWCAP]

Maybe my comment was taken out of context. Rereading it I agree it seems that I am complaining some. I am not. Housing prices are easily at the best prices it has been in years and years.
Add in in historically low interst rates and now is a the first time in more than half a decade that buying a house isnt a terrible idea.

I personally was refering to the huge bailout our government is undertaking in our names. I and your children will be the ones paying for these bailouts, and it will hurt. All to avoid a huge recession which was avoidable had good governance been instituted years ago.
“our” was more those who are responsible not needing to be bought off. “Our” was more related to sound financial planning being rewarded rather than communal bribes being accepted. I ment that we need to take our pain and accept that the financial “planning” we are going is jeperdizing this countries future and that it isnt worth being able to buy a house at reasonable prices with unheard of rates.

But then you can finally buy a house that isnt a financial bomb. That makes up for everything.

[CardiffBaseball]

I might consider it, though I’d likely ditch Encinitas. Might look somewhere like Oceanside (nicer neighborhoods) that are reasonably quick to I-5. I’ve been pretty impressed with traffic flow from this area to the Genesee Road area of La Jolla/UTC. Since we do private school no need to worry about schools if the house is right.

I say that because it’s been hit harder and not nearly as bad a commute as San Marcos (talking of towns with bigger drops). That area around Rancho Santa Fe/Olivenhain road is a mess though I think it will soon be two lanes which should help.

[CardiffBaseball]

I might consider it, though I’d likely ditch Encinitas. Might look somewhere like Oceanside (nicer neighborhoods) that are reasonably quick to I-5. I’ve been pretty impressed with traffic flow from this area to the Genesee Road area of La Jolla/UTC. Since we do private school no need to worry about schools if the house is right.

I say that because it’s been hit harder and not nearly as bad a commute as San Marcos (talking of towns with bigger drops). That area around Rancho Santa Fe/Olivenhain road is a mess though I think it will soon be two lanes which should help.

[CardiffBaseball]

I might consider it, though I’d likely ditch Encinitas. Might look somewhere like Oceanside (nicer neighborhoods) that are reasonably quick to I-5. I’ve been pretty impressed with traffic flow from this area to the Genesee Road area of La Jolla/UTC. Since we do private school no need to worry about schools if the house is right.

I say that because it’s been hit harder and not nearly as bad a commute as San Marcos (talking of towns with bigger drops). That area around Rancho Santa Fe/Olivenhain road is a mess though I think it will soon be two lanes which should help.

[CardiffBaseball]

I might consider it, though I’d likely ditch Encinitas. Might look somewhere like Oceanside (nicer neighborhoods) that are reasonably quick to I-5. I’ve been pretty impressed with traffic flow from this area to the Genesee Road area of La Jolla/UTC. Since we do private school no need to worry about schools if the house is right.

I say that because it’s been hit harder and not nearly as bad a commute as San Marcos (talking of towns with bigger drops). That area around Rancho Santa Fe/Olivenhain road is a mess though I think it will soon be two lanes which should help.

[CardiffBaseball]

I might consider it, though I’d likely ditch Encinitas. Might look somewhere like Oceanside (nicer neighborhoods) that are reasonably quick to I-5. I’ve been pretty impressed with traffic flow from this area to the Genesee Road area of La Jolla/UTC. Since we do private school no need to worry about schools if the house is right.

I say that because it’s been hit harder and not nearly as bad a commute as San Marcos (talking of towns with bigger drops). That area around Rancho Santa Fe/Olivenhain road is a mess though I think it will soon be two lanes which should help.

[CA renter]

From what I’ve heard, the mortgage paper will yield 4% to the investor, and the other .5% will go toward fees and other costs.

If the Treasury is willing to back this, then you could certainly see people buying this paper at 4% because “somebody” has been pushing rates down on LT Treasuries. The new mortgages would effectively be Treasuries, so okay…there would be buyers.

Question is, are we going to eliminate the private mortgage market? If the govt is going to be the nation’s mortgage lender, I’d presume the private market would be blown out of the water.

As the Treasury has to issues never-ending amounts of new mortgage paper, AND issue more Treasuries to cover the additional non-mortgage programs, AND roll over all the existing debt, will there be enough buyers, indefinitely???

What happens if the U.S. Treasury runs out of buyers? Will rates go up? What happens to housing prices when that happens?

So far, everyone is dancing around the issue, without actually addressing it.

The problem is not high mortgage rates or a lack of credit, nor do we have a “foreclosure crisis”. What we have is a debt crisis…Americans, at every level, have reached the point of debt saturation. There is plenty of money to be loaned out, but too few qualified buyers to whom they can loan (solvency problem, not liquidity).

We cannot solve the problem and grow our economy until we destroy this debt and/or increase wages for the bulk of the U.S. population. Nothing else matters, and all these moves (reducing rates, etc.) will do is lengthen the recession, making it more likely we will see a depression.

Some people are making some very bad decisions, and I just have to wonder if it’s due to their lack of understanding, or if there is a more sinister motive.

[CA renter]

From what I’ve heard, the mortgage paper will yield 4% to the investor, and the other .5% will go toward fees and other costs.

If the Treasury is willing to back this, then you could certainly see people buying this paper at 4% because “somebody” has been pushing rates down on LT Treasuries. The new mortgages would effectively be Treasuries, so okay…there would be buyers.

Question is, are we going to eliminate the private mortgage market? If the govt is going to be the nation’s mortgage lender, I’d presume the private market would be blown out of the water.

As the Treasury has to issues never-ending amounts of new mortgage paper, AND issue more Treasuries to cover the additional non-mortgage programs, AND roll over all the existing debt, will there be enough buyers, indefinitely???

What happens if the U.S. Treasury runs out of buyers? Will rates go up? What happens to housing prices when that happens?

So far, everyone is dancing around the issue, without actually addressing it.

The problem is not high mortgage rates or a lack of credit, nor do we have a “foreclosure crisis”. What we have is a debt crisis…Americans, at every level, have reached the point of debt saturation. There is plenty of money to be loaned out, but too few qualified buyers to whom they can loan (solvency problem, not liquidity).

We cannot solve the problem and grow our economy until we destroy this debt and/or increase wages for the bulk of the U.S. population. Nothing else matters, and all these moves (reducing rates, etc.) will do is lengthen the recession, making it more likely we will see a depression.

Some people are making some very bad decisions, and I just have to wonder if it’s due to their lack of understanding, or if there is a more sinister motive.

[CA renter]

From what I’ve heard, the mortgage paper will yield 4% to the investor, and the other .5% will go toward fees and other costs.

If the Treasury is willing to back this, then you could certainly see people buying this paper at 4% because “somebody” has been pushing rates down on LT Treasuries. The new mortgages would effectively be Treasuries, so okay…there would be buyers.

Question is, are we going to eliminate the private mortgage market? If the govt is going to be the nation’s mortgage lender, I’d presume the private market would be blown out of the water.

As the Treasury has to issues never-ending amounts of new mortgage paper, AND issue more Treasuries to cover the additional non-mortgage programs, AND roll over all the existing debt, will there be enough buyers, indefinitely???

What happens if the U.S. Treasury runs out of buyers? Will rates go up? What happens to housing prices when that happens?

So far, everyone is dancing around the issue, without actually addressing it.

The problem is not high mortgage rates or a lack of credit, nor do we have a “foreclosure crisis”. What we have is a debt crisis…Americans, at every level, have reached the point of debt saturation. There is plenty of money to be loaned out, but too few qualified buyers to whom they can loan (solvency problem, not liquidity).

We cannot solve the problem and grow our economy until we destroy this debt and/or increase wages for the bulk of the U.S. population. Nothing else matters, and all these moves (reducing rates, etc.) will do is lengthen the recession, making it more likely we will see a depression.

Some people are making some very bad decisions, and I just have to wonder if it’s due to their lack of understanding, or if there is a more sinister motive.

[CA renter]

From what I’ve heard, the mortgage paper will yield 4% to the investor, and the other .5% will go toward fees and other costs.

If the Treasury is willing to back this, then you could certainly see people buying this paper at 4% because “somebody” has been pushing rates down on LT Treasuries. The new mortgages would effectively be Treasuries, so okay…there would be buyers.

Question is, are we going to eliminate the private mortgage market? If the govt is going to be the nation’s mortgage lender, I’d presume the private market would be blown out of the water.

As the Treasury has to issues never-ending amounts of new mortgage paper, AND issue more Treasuries to cover the additional non-mortgage programs, AND roll over all the existing debt, will there be enough buyers, indefinitely???

What happens if the U.S. Treasury runs out of buyers? Will rates go up? What happens to housing prices when that happens?

So far, everyone is dancing around the issue, without actually addressing it.

The problem is not high mortgage rates or a lack of credit, nor do we have a “foreclosure crisis”. What we have is a debt crisis…Americans, at every level, have reached the point of debt saturation. There is plenty of money to be loaned out, but too few qualified buyers to whom they can loan (solvency problem, not liquidity).

We cannot solve the problem and grow our economy until we destroy this debt and/or increase wages for the bulk of the U.S. population. Nothing else matters, and all these moves (reducing rates, etc.) will do is lengthen the recession, making it more likely we will see a depression.

Some people are making some very bad decisions, and I just have to wonder if it’s due to their lack of understanding, or if there is a more sinister motive.

[CA renter]

From what I’ve heard, the mortgage paper will yield 4% to the investor, and the other .5% will go toward fees and other costs.

If the Treasury is willing to back this, then you could certainly see people buying this paper at 4% because “somebody” has been pushing rates down on LT Treasuries. The new mortgages would effectively be Treasuries, so okay…there would be buyers.

Question is, are we going to eliminate the private mortgage market? If the govt is going to be the nation’s mortgage lender, I’d presume the private market would be blown out of the water.

As the Treasury has to issues never-ending amounts of new mortgage paper, AND issue more Treasuries to cover the additional non-mortgage programs, AND roll over all the existing debt, will there be enough buyers, indefinitely???

What happens if the U.S. Treasury runs out of buyers? Will rates go up? What happens to housing prices when that happens?

So far, everyone is dancing around the issue, without actually addressing it.

The problem is not high mortgage rates or a lack of credit, nor do we have a “foreclosure crisis”. What we have is a debt crisis…Americans, at every level, have reached the point of debt saturation. There is plenty of money to be loaned out, but too few qualified buyers to whom they can loan (solvency problem, not liquidity).

We cannot solve the problem and grow our economy until we destroy this debt and/or increase wages for the bulk of the U.S. population. Nothing else matters, and all these moves (reducing rates, etc.) will do is lengthen the recession, making it more likely we will see a depression.

Some people are making some very bad decisions, and I just have to wonder if it’s due to their lack of understanding, or if there is a more sinister motive.

[CardiffBaseball]

Dupe

[CardiffBaseball]

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[CardiffBaseball]

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[CardiffBaseball]

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