I don’t think anyone expected this interest freeze bail out.

[KIBU]

Back in 2003, I started to do some readings and learning and came up with the belief that the market was in a big bubble and I should wait it out. I did wait. As time passed, many things happened as suspected with no big surprise until this interest rate freeze bail out which I ‘ve never could imagined. This thing definitely wasn’t a factor I knew to consider at all. I knew they would lower interest rate even with the risk of inflation. I knew inflation was a risk I was taking while waiting. But the rate freeze bail out idea really surprised me big time.

Of course, the government has to save the massive problem afflicting a big chunk of the population. They rather fix the problem in the short term. They are not going to protect the piggitonians who represent people who have been financially responsible, smart and been saving like crazy while many others buy big SUVs and big homes with refinanced money.

This government consistently like to solve problem in their short term vision. I wonder why the saving rate of America is down the toilet. Very likely, spending is the smartest thing to do and ironically the smart piggitonians will turn out to be idiots while the idiots are actually the smart ones.

I suspect home price reduction to be slower as inflation will try to catch up and lighten the debt load of Subprime America. All thanks to the tax money of you and me, the savers.

[patientrenter]

Spot-on, KIBU. But hopefully 5 years from now prices will be down a little, and we responsible people can buy a decent place to live in. If prices are down a lot and start turning up, I will buy lots more properties using 100% non-recourse loans, selling one or two a year, the ones with the biggest gains. When the next downturn hits, I’ll have a few million in gains safely in the bank, and will default on the properties that are upside-down.

Patient renter in OC

[patientrenter]

Spot-on, KIBU. But hopefully 5 years from now prices will be down a little, and we responsible people can buy a decent place to live in. If prices are down a lot and start turning up, I will buy lots more properties using 100% non-recourse loans, selling one or two a year, the ones with the biggest gains. When the next downturn hits, I’ll have a few million in gains safely in the bank, and will default on the properties that are upside-down.

Patient renter in OC

[patientrenter]

Spot-on, KIBU. But hopefully 5 years from now prices will be down a little, and we responsible people can buy a decent place to live in. If prices are down a lot and start turning up, I will buy lots more properties using 100% non-recourse loans, selling one or two a year, the ones with the biggest gains. When the next downturn hits, I’ll have a few million in gains safely in the bank, and will default on the properties that are upside-down.

Patient renter in OC

[patientrenter]

Spot-on, KIBU. But hopefully 5 years from now prices will be down a little, and we responsible people can buy a decent place to live in. If prices are down a lot and start turning up, I will buy lots more properties using 100% non-recourse loans, selling one or two a year, the ones with the biggest gains. When the next downturn hits, I’ll have a few million in gains safely in the bank, and will default on the properties that are upside-down.

Patient renter in OC

[patientrenter]

Spot-on, KIBU. But hopefully 5 years from now prices will be down a little, and we responsible people can buy a decent place to live in. If prices are down a lot and start turning up, I will buy lots more properties using 100% non-recourse loans, selling one or two a year, the ones with the biggest gains. When the next downturn hits, I’ll have a few million in gains safely in the bank, and will default on the properties that are upside-down.

Patient renter in OC

[no_such_reality]

Bernake believes the way to defeat deflation and prevent a repeat of the Great Depression or a Japanese 90s style stagnation is by devaluing the currency through rates cuts and stimulating demand and inflation.

As for an interest rate freeze, it is still all hot air. I’ll believe it when all the players sign dotted line, they have concrete criteria to judge by and the first lawsuit is filed.

[no_such_reality]

Bernake believes the way to defeat deflation and prevent a repeat of the Great Depression or a Japanese 90s style stagnation is by devaluing the currency through rates cuts and stimulating demand and inflation.

As for an interest rate freeze, it is still all hot air. I’ll believe it when all the players sign dotted line, they have concrete criteria to judge by and the first lawsuit is filed.

[no_such_reality]

Bernake believes the way to defeat deflation and prevent a repeat of the Great Depression or a Japanese 90s style stagnation is by devaluing the currency through rates cuts and stimulating demand and inflation.

As for an interest rate freeze, it is still all hot air. I’ll believe it when all the players sign dotted line, they have concrete criteria to judge by and the first lawsuit is filed.

[no_such_reality]

Bernake believes the way to defeat deflation and prevent a repeat of the Great Depression or a Japanese 90s style stagnation is by devaluing the currency through rates cuts and stimulating demand and inflation.

As for an interest rate freeze, it is still all hot air. I’ll believe it when all the players sign dotted line, they have concrete criteria to judge by and the first lawsuit is filed.

[no_such_reality]

Bernake believes the way to defeat deflation and prevent a repeat of the Great Depression or a Japanese 90s style stagnation is by devaluing the currency through rates cuts and stimulating demand and inflation.

As for an interest rate freeze, it is still all hot air. I’ll believe it when all the players sign dotted line, they have concrete criteria to judge by and the first lawsuit is filed.

[NeetaT]

I feel the same way you do. But, all is not lost for I will be in low-ball heaven when I move to San Diego and rent one of the thousands of places for rent on craigslist. I could easily buy a place in San Diego with cash, but I’ve done the math and it is much better to rent. As a matter of fact, I am renting here in Virginia Beach, VA at the tune of $400.00 a month cheaper than to buy the place. Oh, don’t you worry, people like us who own our cars and other things outright and who have saved our money and who pay off our credit cards in full each month will get the last laugh. Sleep good tonight and be thankful that you’re not one of those foreign investors who at one time respected the USA until the USA sold them the mortgage investments that promised future higher returns.

[NeetaT]

I feel the same way you do. But, all is not lost for I will be in low-ball heaven when I move to San Diego and rent one of the thousands of places for rent on craigslist. I could easily buy a place in San Diego with cash, but I’ve done the math and it is much better to rent. As a matter of fact, I am renting here in Virginia Beach, VA at the tune of $400.00 a month cheaper than to buy the place. Oh, don’t you worry, people like us who own our cars and other things outright and who have saved our money and who pay off our credit cards in full each month will get the last laugh. Sleep good tonight and be thankful that you’re not one of those foreign investors who at one time respected the USA until the USA sold them the mortgage investments that promised future higher returns.

[NeetaT]

I feel the same way you do. But, all is not lost for I will be in low-ball heaven when I move to San Diego and rent one of the thousands of places for rent on craigslist. I could easily buy a place in San Diego with cash, but I’ve done the math and it is much better to rent. As a matter of fact, I am renting here in Virginia Beach, VA at the tune of $400.00 a month cheaper than to buy the place. Oh, don’t you worry, people like us who own our cars and other things outright and who have saved our money and who pay off our credit cards in full each month will get the last laugh. Sleep good tonight and be thankful that you’re not one of those foreign investors who at one time respected the USA until the USA sold them the mortgage investments that promised future higher returns.

[NeetaT]

I feel the same way you do. But, all is not lost for I will be in low-ball heaven when I move to San Diego and rent one of the thousands of places for rent on craigslist. I could easily buy a place in San Diego with cash, but I’ve done the math and it is much better to rent. As a matter of fact, I am renting here in Virginia Beach, VA at the tune of $400.00 a month cheaper than to buy the place. Oh, don’t you worry, people like us who own our cars and other things outright and who have saved our money and who pay off our credit cards in full each month will get the last laugh. Sleep good tonight and be thankful that you’re not one of those foreign investors who at one time respected the USA until the USA sold them the mortgage investments that promised future higher returns.

[Author]

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