Govt planning principal reductions

[patientrenter]

[quote=DaCounselor]No, this never was rhetoric – it has been in the works for many months. Uncle Sam is going to buy at least $500 billion of securitized loans (I believe they will ultimately buy more) and as the owner they can do whatever they want to the terms. I will give you one guess what that means.[/quote]

DaC is, sadly, right. (BTW, DaC, you really do know your stuff. What legal line of work do you specialize in that keeps you so well informed?)

Unfortunately, responsible people joining the ranks of irresponsible buyers now is a low-yield proposition. It was a game that paid off hugely when prices were going up. Piggingtons outraged by what is happening should save their powder for maybe 5 years from now, when the market is going back up again from a more attractive low point. Then buy a house every year using none of your own money, and sell the most appreciated house every year, after holding for 1-3 years. That way you have an excellent chance of keeping some good winnings, and risk nothing.

[SD Realtor]

Yep it is pretty much just the beginning of what will be a sensational effort by our government. Frankly it is kind of amazing when you think about it. Sad but amazing.

Guys there are no limits anymore. I know that it really has not sunk in yet, however it doesn’t matter right? Automakers, lenders, banks, homeowners, mortgage debt, credit card debt… Most of us here thought that there would be federal assistance to varying degrees. However as much as I harped about my fears of the government coming in to halt things, I am fairly amazed at the measures taken. I am kind of numb to it now… the headlines don’t phase me anymore.

I would like to keep thinking all of these measures will not affect the downturn here in San Diego in the neighborhoods I am considering. As we know though all thinks are somewhat interconnected.

[SD Realtor]

Yep it is pretty much just the beginning of what will be a sensational effort by our government. Frankly it is kind of amazing when you think about it. Sad but amazing.

Guys there are no limits anymore. I know that it really has not sunk in yet, however it doesn’t matter right? Automakers, lenders, banks, homeowners, mortgage debt, credit card debt… Most of us here thought that there would be federal assistance to varying degrees. However as much as I harped about my fears of the government coming in to halt things, I am fairly amazed at the measures taken. I am kind of numb to it now… the headlines don’t phase me anymore.

I would like to keep thinking all of these measures will not affect the downturn here in San Diego in the neighborhoods I am considering. As we know though all thinks are somewhat interconnected.

[SD Realtor]

Yep it is pretty much just the beginning of what will be a sensational effort by our government. Frankly it is kind of amazing when you think about it. Sad but amazing.

Guys there are no limits anymore. I know that it really has not sunk in yet, however it doesn’t matter right? Automakers, lenders, banks, homeowners, mortgage debt, credit card debt… Most of us here thought that there would be federal assistance to varying degrees. However as much as I harped about my fears of the government coming in to halt things, I am fairly amazed at the measures taken. I am kind of numb to it now… the headlines don’t phase me anymore.

I would like to keep thinking all of these measures will not affect the downturn here in San Diego in the neighborhoods I am considering. As we know though all thinks are somewhat interconnected.

[SD Realtor]

Yep it is pretty much just the beginning of what will be a sensational effort by our government. Frankly it is kind of amazing when you think about it. Sad but amazing.

Guys there are no limits anymore. I know that it really has not sunk in yet, however it doesn’t matter right? Automakers, lenders, banks, homeowners, mortgage debt, credit card debt… Most of us here thought that there would be federal assistance to varying degrees. However as much as I harped about my fears of the government coming in to halt things, I am fairly amazed at the measures taken. I am kind of numb to it now… the headlines don’t phase me anymore.

I would like to keep thinking all of these measures will not affect the downturn here in San Diego in the neighborhoods I am considering. As we know though all thinks are somewhat interconnected.

[SD Realtor]

Yep it is pretty much just the beginning of what will be a sensational effort by our government. Frankly it is kind of amazing when you think about it. Sad but amazing.

Guys there are no limits anymore. I know that it really has not sunk in yet, however it doesn’t matter right? Automakers, lenders, banks, homeowners, mortgage debt, credit card debt… Most of us here thought that there would be federal assistance to varying degrees. However as much as I harped about my fears of the government coming in to halt things, I am fairly amazed at the measures taken. I am kind of numb to it now… the headlines don’t phase me anymore.

I would like to keep thinking all of these measures will not affect the downturn here in San Diego in the neighborhoods I am considering. As we know though all thinks are somewhat interconnected.

[gandalf]

Numb is a good word. Anger down there somewhere, although I’m not sure who exactly to blame for this unbelievable mess. It’s disgusting. No, it’s stronger than disgust. I think it’s starting to approach the word ‘despise’.

All of this is layered over by a veneer of rationalization. If we don’t print our way out, bail out the cheats and criminals, welcome home the prodigal sons, the economy comes apart at the seams. Inaction would be worse.

This is a really unbelievable time we’re living through right now.

[gandalf]

Numb is a good word. Anger down there somewhere, although I’m not sure who exactly to blame for this unbelievable mess. It’s disgusting. No, it’s stronger than disgust. I think it’s starting to approach the word ‘despise’.

All of this is layered over by a veneer of rationalization. If we don’t print our way out, bail out the cheats and criminals, welcome home the prodigal sons, the economy comes apart at the seams. Inaction would be worse.

This is a really unbelievable time we’re living through right now.

[gandalf]

Numb is a good word. Anger down there somewhere, although I’m not sure who exactly to blame for this unbelievable mess. It’s disgusting. No, it’s stronger than disgust. I think it’s starting to approach the word ‘despise’.

All of this is layered over by a veneer of rationalization. If we don’t print our way out, bail out the cheats and criminals, welcome home the prodigal sons, the economy comes apart at the seams. Inaction would be worse.

This is a really unbelievable time we’re living through right now.

[gandalf]

Numb is a good word. Anger down there somewhere, although I’m not sure who exactly to blame for this unbelievable mess. It’s disgusting. No, it’s stronger than disgust. I think it’s starting to approach the word ‘despise’.

All of this is layered over by a veneer of rationalization. If we don’t print our way out, bail out the cheats and criminals, welcome home the prodigal sons, the economy comes apart at the seams. Inaction would be worse.

This is a really unbelievable time we’re living through right now.

[gandalf]

Numb is a good word. Anger down there somewhere, although I’m not sure who exactly to blame for this unbelievable mess. It’s disgusting. No, it’s stronger than disgust. I think it’s starting to approach the word ‘despise’.

All of this is layered over by a veneer of rationalization. If we don’t print our way out, bail out the cheats and criminals, welcome home the prodigal sons, the economy comes apart at the seams. Inaction would be worse.

This is a really unbelievable time we’re living through right now.

[Hatfield]

>I pay hundreds of thousands in taxes each year.
>I have never bought a home, because I didn’t
>think I could afford a decent one and, at the
>same time, save enough for my future retirement
>and health expenses.

Sorry, but this is when my “Jackass” alarm went off.

[Hatfield]

>I pay hundreds of thousands in taxes each year.
>I have never bought a home, because I didn’t
>think I could afford a decent one and, at the
>same time, save enough for my future retirement
>and health expenses.

Sorry, but this is when my “Jackass” alarm went off.

[Hatfield]

>I pay hundreds of thousands in taxes each year.
>I have never bought a home, because I didn’t
>think I could afford a decent one and, at the
>same time, save enough for my future retirement
>and health expenses.

Sorry, but this is when my “Jackass” alarm went off.

[Hatfield]

>I pay hundreds of thousands in taxes each year.
>I have never bought a home, because I didn’t
>think I could afford a decent one and, at the
>same time, save enough for my future retirement
>and health expenses.

Sorry, but this is when my “Jackass” alarm went off.

[Author]

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