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4plexowner.
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November 30, 2007 at 10:14 AM #105673November 30, 2007 at 10:33 AM #105536
NotCranky
ParticipantI have always said bail out measures will lift the support level but not slow the pace of the correction which would be faster than most people,realtors include, think.
About the Video. Cramer should admit he has been reading Rich’s blog. It is so obvious. I think Cramer believes the big institutions will get plenty of what they need, whether it be reserves, more discounts, loan purchases by gov. and any desperate policy to raise the floor on this correction. I trust he is right. This in not to say they are all going to survive.
sdr..Don’t know how I got missed in the love fest?I specifically mentioned a moratorium on resets before they happened and the point about bailouts lifting the floor on the market. Do I sense a Realtor clique? Maybe you just missed it.Lmao.
November 30, 2007 at 10:33 AM #105626ParticipantI have always said bail out measures will lift the support level but not slow the pace of the correction which would be faster than most people,realtors include, think.
About the Video. Cramer should admit he has been reading Rich’s blog. It is so obvious. I think Cramer believes the big institutions will get plenty of what they need, whether it be reserves, more discounts, loan purchases by gov. and any desperate policy to raise the floor on this correction. I trust he is right. This in not to say they are all going to survive.
sdr..Don’t know how I got missed in the love fest?I specifically mentioned a moratorium on resets before they happened and the point about bailouts lifting the floor on the market. Do I sense a Realtor clique? Maybe you just missed it.Lmao.
November 30, 2007 at 10:33 AM #105660ParticipantI have always said bail out measures will lift the support level but not slow the pace of the correction which would be faster than most people,realtors include, think.
About the Video. Cramer should admit he has been reading Rich’s blog. It is so obvious. I think Cramer believes the big institutions will get plenty of what they need, whether it be reserves, more discounts, loan purchases by gov. and any desperate policy to raise the floor on this correction. I trust he is right. This in not to say they are all going to survive.
sdr..Don’t know how I got missed in the love fest?I specifically mentioned a moratorium on resets before they happened and the point about bailouts lifting the floor on the market. Do I sense a Realtor clique? Maybe you just missed it.Lmao.
November 30, 2007 at 10:33 AM #105667ParticipantI have always said bail out measures will lift the support level but not slow the pace of the correction which would be faster than most people,realtors include, think.
About the Video. Cramer should admit he has been reading Rich’s blog. It is so obvious. I think Cramer believes the big institutions will get plenty of what they need, whether it be reserves, more discounts, loan purchases by gov. and any desperate policy to raise the floor on this correction. I trust he is right. This in not to say they are all going to survive.
sdr..Don’t know how I got missed in the love fest?I specifically mentioned a moratorium on resets before they happened and the point about bailouts lifting the floor on the market. Do I sense a Realtor clique? Maybe you just missed it.Lmao.
November 30, 2007 at 10:33 AM #105685ParticipantI have always said bail out measures will lift the support level but not slow the pace of the correction which would be faster than most people,realtors include, think.
About the Video. Cramer should admit he has been reading Rich’s blog. It is so obvious. I think Cramer believes the big institutions will get plenty of what they need, whether it be reserves, more discounts, loan purchases by gov. and any desperate policy to raise the floor on this correction. I trust he is right. This in not to say they are all going to survive.
sdr..Don’t know how I got missed in the love fest?I specifically mentioned a moratorium on resets before they happened and the point about bailouts lifting the floor on the market. Do I sense a Realtor clique? Maybe you just missed it.Lmao.
November 30, 2007 at 10:45 AM #105541GoUSC
ParticipantI still don’t see how any of this will stop the depreciation of homes. The fundamental fact is that wages aren’t rising and the average person can’t afford the average house and there won’t be a return to easy lending and interest only loans. Yes the big gov will bail out the financials to the extend they can but home values will have to correct to historical average.
I don’t really care what happens, if renting remains cheaper I will just keep renting.
November 30, 2007 at 10:45 AM #105631ParticipantI still don’t see how any of this will stop the depreciation of homes. The fundamental fact is that wages aren’t rising and the average person can’t afford the average house and there won’t be a return to easy lending and interest only loans. Yes the big gov will bail out the financials to the extend they can but home values will have to correct to historical average.
I don’t really care what happens, if renting remains cheaper I will just keep renting.
November 30, 2007 at 10:45 AM #105664ParticipantI still don’t see how any of this will stop the depreciation of homes. The fundamental fact is that wages aren’t rising and the average person can’t afford the average house and there won’t be a return to easy lending and interest only loans. Yes the big gov will bail out the financials to the extend they can but home values will have to correct to historical average.
I don’t really care what happens, if renting remains cheaper I will just keep renting.
November 30, 2007 at 10:45 AM #105672ParticipantI still don’t see how any of this will stop the depreciation of homes. The fundamental fact is that wages aren’t rising and the average person can’t afford the average house and there won’t be a return to easy lending and interest only loans. Yes the big gov will bail out the financials to the extend they can but home values will have to correct to historical average.
I don’t really care what happens, if renting remains cheaper I will just keep renting.
November 30, 2007 at 10:45 AM #105690ParticipantI still don’t see how any of this will stop the depreciation of homes. The fundamental fact is that wages aren’t rising and the average person can’t afford the average house and there won’t be a return to easy lending and interest only loans. Yes the big gov will bail out the financials to the extend they can but home values will have to correct to historical average.
I don’t really care what happens, if renting remains cheaper I will just keep renting.
November 30, 2007 at 10:51 AM #105546
svelteParticipantI am baffled that people thought the US Govt would sit by idly and do nothing. That’s what Hoover did in 1929 and they aren’t about to repeat that purist “no federal relief” stance of his that prolonged the pain for years.
This time around, there will likely be a 3 pronged attack to head off dire straights:
– Government bailout to the greatest extent possible.
– Infusions from countries that we have a trade deficit with (witness the oil producing region and Citibank)…they don’t want us to stop buying their stuff!
– If the first two don’t work, I would look for a spike in inflation….they have a built-in excuse with rising energy costs. If paychecks increase, house values may stop falling and the number of owners underwater can be minimized. The big losers if this does indeed happen: renters and those living on fixed incomes.This is gonna be painful, but I doubt it will be catastrophic given the new interdependencies of economies around the world.
Should one buy or rent right now? The consensus here is clearly that renting is the only way to go. I’m not so sure it is that black and white. Ladies and gentlemen, place your bets and let’s roll those dice!
November 30, 2007 at 10:51 AM #105636svelteParticipantI am baffled that people thought the US Govt would sit by idly and do nothing. That’s what Hoover did in 1929 and they aren’t about to repeat that purist “no federal relief” stance of his that prolonged the pain for years.
This time around, there will likely be a 3 pronged attack to head off dire straights:
– Government bailout to the greatest extent possible.
– Infusions from countries that we have a trade deficit with (witness the oil producing region and Citibank)…they don’t want us to stop buying their stuff!
– If the first two don’t work, I would look for a spike in inflation….they have a built-in excuse with rising energy costs. If paychecks increase, house values may stop falling and the number of owners underwater can be minimized. The big losers if this does indeed happen: renters and those living on fixed incomes.This is gonna be painful, but I doubt it will be catastrophic given the new interdependencies of economies around the world.
Should one buy or rent right now? The consensus here is clearly that renting is the only way to go. I’m not so sure it is that black and white. Ladies and gentlemen, place your bets and let’s roll those dice!
November 30, 2007 at 10:51 AM #105669svelteParticipantI am baffled that people thought the US Govt would sit by idly and do nothing. That’s what Hoover did in 1929 and they aren’t about to repeat that purist “no federal relief” stance of his that prolonged the pain for years.
This time around, there will likely be a 3 pronged attack to head off dire straights:
– Government bailout to the greatest extent possible.
– Infusions from countries that we have a trade deficit with (witness the oil producing region and Citibank)…they don’t want us to stop buying their stuff!
– If the first two don’t work, I would look for a spike in inflation….they have a built-in excuse with rising energy costs. If paychecks increase, house values may stop falling and the number of owners underwater can be minimized. The big losers if this does indeed happen: renters and those living on fixed incomes.This is gonna be painful, but I doubt it will be catastrophic given the new interdependencies of economies around the world.
Should one buy or rent right now? The consensus here is clearly that renting is the only way to go. I’m not so sure it is that black and white. Ladies and gentlemen, place your bets and let’s roll those dice!
November 30, 2007 at 10:51 AM #105677svelteParticipantI am baffled that people thought the US Govt would sit by idly and do nothing. That’s what Hoover did in 1929 and they aren’t about to repeat that purist “no federal relief” stance of his that prolonged the pain for years.
This time around, there will likely be a 3 pronged attack to head off dire straights:
– Government bailout to the greatest extent possible.
– Infusions from countries that we have a trade deficit with (witness the oil producing region and Citibank)…they don’t want us to stop buying their stuff!
– If the first two don’t work, I would look for a spike in inflation….they have a built-in excuse with rising energy costs. If paychecks increase, house values may stop falling and the number of owners underwater can be minimized. The big losers if this does indeed happen: renters and those living on fixed incomes.This is gonna be painful, but I doubt it will be catastrophic given the new interdependencies of economies around the world.
Should one buy or rent right now? The consensus here is clearly that renting is the only way to go. I’m not so sure it is that black and white. Ladies and gentlemen, place your bets and let’s roll those dice!
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