How fast will the bounce back be?

[92024]

How fast can it be when most
Submitted by anxvariety on December 12, 2007 – 9:26am.

How fast can it be when most will be broke or have bad credit or both.. screwed up credit will take 7 years right? So my guess is 7 years.

My thought is that there is going to be a one time “Forgiven” policy announced for people who had credit issues between 2005 and 2007. Thus, they will have one or two marks eliminated from their credit scores. Look, the govt. is going to do everything possible to make sure we start buying homes again, so any logic of what happened in the past is no longer relevant.

[4plexowner]

92024 – I agree with you that there will be some kind of debt forgiveness act (edit: although I don’t support the idea and would vote against it if given the chance) – the thought of a ‘mulligan’ came to mind when I read your post – I was reminded of the movie Tin Cup where Kevin Costner teaches Rene Russo what a mulligan is

mulligan: In golf, a mulligan is a shot retaken, due to an errant shot. Like gimmes, mulligans are strictly prohibited in the official rules of the game, but are commonplace in social golf. Traditionally, mulligans are allowed only on the tee shot (usually one per round) and are not just taken at any time of the golfer’s choosing. More permissive mulligans are often identified by the terms floating mulligan or walking shapiro, can be used on any errant shot except on the putting green. Golf tournaments held for charity may even sell mulligans to collect more money for the charity.
http://en.wikipedia.org/wiki/Mulligan

Olly olly oxen free: a phrase used in children’s games, which is generally used to indicate that people who are hiding (in a game of hide and seek, for example) can safely come out into the open.
http://en.wikipedia.org/wiki/Olly_olly_oxen_free

[4plexowner]

92024 – I agree with you that there will be some kind of debt forgiveness act (edit: although I don’t support the idea and would vote against it if given the chance) – the thought of a ‘mulligan’ came to mind when I read your post – I was reminded of the movie Tin Cup where Kevin Costner teaches Rene Russo what a mulligan is

mulligan: In golf, a mulligan is a shot retaken, due to an errant shot. Like gimmes, mulligans are strictly prohibited in the official rules of the game, but are commonplace in social golf. Traditionally, mulligans are allowed only on the tee shot (usually one per round) and are not just taken at any time of the golfer’s choosing. More permissive mulligans are often identified by the terms floating mulligan or walking shapiro, can be used on any errant shot except on the putting green. Golf tournaments held for charity may even sell mulligans to collect more money for the charity.
http://en.wikipedia.org/wiki/Mulligan

Olly olly oxen free: a phrase used in children’s games, which is generally used to indicate that people who are hiding (in a game of hide and seek, for example) can safely come out into the open.
http://en.wikipedia.org/wiki/Olly_olly_oxen_free

[4plexowner]

92024 – I agree with you that there will be some kind of debt forgiveness act (edit: although I don’t support the idea and would vote against it if given the chance) – the thought of a ‘mulligan’ came to mind when I read your post – I was reminded of the movie Tin Cup where Kevin Costner teaches Rene Russo what a mulligan is

mulligan: In golf, a mulligan is a shot retaken, due to an errant shot. Like gimmes, mulligans are strictly prohibited in the official rules of the game, but are commonplace in social golf. Traditionally, mulligans are allowed only on the tee shot (usually one per round) and are not just taken at any time of the golfer’s choosing. More permissive mulligans are often identified by the terms floating mulligan or walking shapiro, can be used on any errant shot except on the putting green. Golf tournaments held for charity may even sell mulligans to collect more money for the charity.
http://en.wikipedia.org/wiki/Mulligan

Olly olly oxen free: a phrase used in children’s games, which is generally used to indicate that people who are hiding (in a game of hide and seek, for example) can safely come out into the open.
http://en.wikipedia.org/wiki/Olly_olly_oxen_free

[4plexowner]

92024 – I agree with you that there will be some kind of debt forgiveness act (edit: although I don’t support the idea and would vote against it if given the chance) – the thought of a ‘mulligan’ came to mind when I read your post – I was reminded of the movie Tin Cup where Kevin Costner teaches Rene Russo what a mulligan is

mulligan: In golf, a mulligan is a shot retaken, due to an errant shot. Like gimmes, mulligans are strictly prohibited in the official rules of the game, but are commonplace in social golf. Traditionally, mulligans are allowed only on the tee shot (usually one per round) and are not just taken at any time of the golfer’s choosing. More permissive mulligans are often identified by the terms floating mulligan or walking shapiro, can be used on any errant shot except on the putting green. Golf tournaments held for charity may even sell mulligans to collect more money for the charity.
http://en.wikipedia.org/wiki/Mulligan

Olly olly oxen free: a phrase used in children’s games, which is generally used to indicate that people who are hiding (in a game of hide and seek, for example) can safely come out into the open.
http://en.wikipedia.org/wiki/Olly_olly_oxen_free

[4plexowner]

92024 – I agree with you that there will be some kind of debt forgiveness act (edit: although I don’t support the idea and would vote against it if given the chance) – the thought of a ‘mulligan’ came to mind when I read your post – I was reminded of the movie Tin Cup where Kevin Costner teaches Rene Russo what a mulligan is

mulligan: In golf, a mulligan is a shot retaken, due to an errant shot. Like gimmes, mulligans are strictly prohibited in the official rules of the game, but are commonplace in social golf. Traditionally, mulligans are allowed only on the tee shot (usually one per round) and are not just taken at any time of the golfer’s choosing. More permissive mulligans are often identified by the terms floating mulligan or walking shapiro, can be used on any errant shot except on the putting green. Golf tournaments held for charity may even sell mulligans to collect more money for the charity.
http://en.wikipedia.org/wiki/Mulligan

Olly olly oxen free: a phrase used in children’s games, which is generally used to indicate that people who are hiding (in a game of hide and seek, for example) can safely come out into the open.
http://en.wikipedia.org/wiki/Olly_olly_oxen_free

[(former)FormerSanDiegan]

92024 –

I also don’t think we are that far from affordability.
I’m curious. In what areas ? By what metric ?

[(former)FormerSanDiegan]

92024 –

I also don’t think we are that far from affordability.
I’m curious. In what areas ? By what metric ?

[(former)FormerSanDiegan]

92024 –

I also don’t think we are that far from affordability.
I’m curious. In what areas ? By what metric ?

[(former)FormerSanDiegan]

92024 –

I also don’t think we are that far from affordability.
I’m curious. In what areas ? By what metric ?

[(former)FormerSanDiegan]

92024 –

I also don’t think we are that far from affordability.
I’m curious. In what areas ? By what metric ?

[patientlywaiting]

You guys who are predicting a bounce back are jumping the gun.

Housing in So Cal are far from affordable. Atlanta, and Orlando and Minneapolis, all cities that have median income comparable to SD, and much lower prices, are experiencing foreclosures aplenty. Our housing prices are still far their levels.

We are so used and desensitized to our prices that we are too quick to see a deal.

[patientlywaiting]

You guys who are predicting a bounce back are jumping the gun.

Housing in So Cal are far from affordable. Atlanta, and Orlando and Minneapolis, all cities that have median income comparable to SD, and much lower prices, are experiencing foreclosures aplenty. Our housing prices are still far their levels.

We are so used and desensitized to our prices that we are too quick to see a deal.

[patientlywaiting]

You guys who are predicting a bounce back are jumping the gun.

Housing in So Cal are far from affordable. Atlanta, and Orlando and Minneapolis, all cities that have median income comparable to SD, and much lower prices, are experiencing foreclosures aplenty. Our housing prices are still far their levels.

We are so used and desensitized to our prices that we are too quick to see a deal.

[patientlywaiting]

You guys who are predicting a bounce back are jumping the gun.

Housing in So Cal are far from affordable. Atlanta, and Orlando and Minneapolis, all cities that have median income comparable to SD, and much lower prices, are experiencing foreclosures aplenty. Our housing prices are still far their levels.

We are so used and desensitized to our prices that we are too quick to see a deal.

[Author]

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