Home › Forums › Financial Markets/Economics › Low Mortgage Interest Rates For Everyone!!!: U.S. May Back Refinance Plan for Mortgages
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moneymaker.
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August 25, 2011 at 7:25 PM #725731August 25, 2011 at 8:37 PM #724545
carlsbadworker
Participant[quote=JohnAlt91941]New buyers get nothing from this except probably less inventory to pick from.[/quote]
Exactly. I couldn’t understand how “letting price drop more so that new buyers can spend less on housing” is not the best long-term policy. As we have said here numerous of times, foreclosure is not the problem, foreclosure is the solution.
If the government claimed that foreclosure will hurt the banking system, and thus hurt the real economy. We already solved that with market-to-fantasy accounting for the banks and massive FED/government holding of non-performing asset. Why we still need to save those sorry-ass with renters’ money?Remember, the government does not create wealth. It merely re-distributes wealth.
August 25, 2011 at 8:37 PM #724634Participant[quote=JohnAlt91941]New buyers get nothing from this except probably less inventory to pick from.[/quote]
Exactly. I couldn’t understand how “letting price drop more so that new buyers can spend less on housing” is not the best long-term policy. As we have said here numerous of times, foreclosure is not the problem, foreclosure is the solution.
If the government claimed that foreclosure will hurt the banking system, and thus hurt the real economy. We already solved that with market-to-fantasy accounting for the banks and massive FED/government holding of non-performing asset. Why we still need to save those sorry-ass with renters’ money?Remember, the government does not create wealth. It merely re-distributes wealth.
August 25, 2011 at 8:37 PM #725231Participant[quote=JohnAlt91941]New buyers get nothing from this except probably less inventory to pick from.[/quote]
Exactly. I couldn’t understand how “letting price drop more so that new buyers can spend less on housing” is not the best long-term policy. As we have said here numerous of times, foreclosure is not the problem, foreclosure is the solution.
If the government claimed that foreclosure will hurt the banking system, and thus hurt the real economy. We already solved that with market-to-fantasy accounting for the banks and massive FED/government holding of non-performing asset. Why we still need to save those sorry-ass with renters’ money?Remember, the government does not create wealth. It merely re-distributes wealth.
August 25, 2011 at 8:37 PM #725388Participant[quote=JohnAlt91941]New buyers get nothing from this except probably less inventory to pick from.[/quote]
Exactly. I couldn’t understand how “letting price drop more so that new buyers can spend less on housing” is not the best long-term policy. As we have said here numerous of times, foreclosure is not the problem, foreclosure is the solution.
If the government claimed that foreclosure will hurt the banking system, and thus hurt the real economy. We already solved that with market-to-fantasy accounting for the banks and massive FED/government holding of non-performing asset. Why we still need to save those sorry-ass with renters’ money?Remember, the government does not create wealth. It merely re-distributes wealth.
August 25, 2011 at 8:37 PM #725751Participant[quote=JohnAlt91941]New buyers get nothing from this except probably less inventory to pick from.[/quote]
Exactly. I couldn’t understand how “letting price drop more so that new buyers can spend less on housing” is not the best long-term policy. As we have said here numerous of times, foreclosure is not the problem, foreclosure is the solution.
If the government claimed that foreclosure will hurt the banking system, and thus hurt the real economy. We already solved that with market-to-fantasy accounting for the banks and massive FED/government holding of non-performing asset. Why we still need to save those sorry-ass with renters’ money?Remember, the government does not create wealth. It merely re-distributes wealth.
August 25, 2011 at 9:29 PM #724550CA renter
Participant[quote=carlsbadworker][quote=JohnAlt91941]New buyers get nothing from this except probably less inventory to pick from.[/quote]
Exactly. I couldn’t understand how “letting price drop more so that new buyers can spend less on housing” is not the best long-term policy. As we have said here numerous of times, foreclosure is not the problem, foreclosure is the solution.
If the government claimed that foreclosure will hurt the banking system, and thus hurt the real economy. We already solved that with market-to-fantasy accounting for the banks and massive FED/government holding of non-performing asset. Why we still need to save those sorry-ass with renters’ money?[/quote]
Exactly. I don’t want low interest rates; we’ve had enough of those for the past decade, and where has it gotten us?
I’m sick and tired of having the purchasing power of responsible people stripped away so that the most irresponsible overspenders — who are largely responsible for our “financial crisis” — can continue with their idiocy. Enough.
The best way to “get people back to work” is to allow for the deflation to happen so we can rebuild from a sustainable foundation. We’re sitting atop an unstable house of cards, and trying to figure out how to build higher.
Stop the delusion already, and let’s get on with fixing things **the right way.**
August 25, 2011 at 9:29 PM #724639Participant[quote=carlsbadworker][quote=JohnAlt91941]New buyers get nothing from this except probably less inventory to pick from.[/quote]
Exactly. I couldn’t understand how “letting price drop more so that new buyers can spend less on housing” is not the best long-term policy. As we have said here numerous of times, foreclosure is not the problem, foreclosure is the solution.
If the government claimed that foreclosure will hurt the banking system, and thus hurt the real economy. We already solved that with market-to-fantasy accounting for the banks and massive FED/government holding of non-performing asset. Why we still need to save those sorry-ass with renters’ money?[/quote]
Exactly. I don’t want low interest rates; we’ve had enough of those for the past decade, and where has it gotten us?
I’m sick and tired of having the purchasing power of responsible people stripped away so that the most irresponsible overspenders — who are largely responsible for our “financial crisis” — can continue with their idiocy. Enough.
The best way to “get people back to work” is to allow for the deflation to happen so we can rebuild from a sustainable foundation. We’re sitting atop an unstable house of cards, and trying to figure out how to build higher.
Stop the delusion already, and let’s get on with fixing things **the right way.**
August 25, 2011 at 9:29 PM #725236Participant[quote=carlsbadworker][quote=JohnAlt91941]New buyers get nothing from this except probably less inventory to pick from.[/quote]
Exactly. I couldn’t understand how “letting price drop more so that new buyers can spend less on housing” is not the best long-term policy. As we have said here numerous of times, foreclosure is not the problem, foreclosure is the solution.
If the government claimed that foreclosure will hurt the banking system, and thus hurt the real economy. We already solved that with market-to-fantasy accounting for the banks and massive FED/government holding of non-performing asset. Why we still need to save those sorry-ass with renters’ money?[/quote]
Exactly. I don’t want low interest rates; we’ve had enough of those for the past decade, and where has it gotten us?
I’m sick and tired of having the purchasing power of responsible people stripped away so that the most irresponsible overspenders — who are largely responsible for our “financial crisis” — can continue with their idiocy. Enough.
The best way to “get people back to work” is to allow for the deflation to happen so we can rebuild from a sustainable foundation. We’re sitting atop an unstable house of cards, and trying to figure out how to build higher.
Stop the delusion already, and let’s get on with fixing things **the right way.**
August 25, 2011 at 9:29 PM #725393Participant[quote=carlsbadworker][quote=JohnAlt91941]New buyers get nothing from this except probably less inventory to pick from.[/quote]
Exactly. I couldn’t understand how “letting price drop more so that new buyers can spend less on housing” is not the best long-term policy. As we have said here numerous of times, foreclosure is not the problem, foreclosure is the solution.
If the government claimed that foreclosure will hurt the banking system, and thus hurt the real economy. We already solved that with market-to-fantasy accounting for the banks and massive FED/government holding of non-performing asset. Why we still need to save those sorry-ass with renters’ money?[/quote]
Exactly. I don’t want low interest rates; we’ve had enough of those for the past decade, and where has it gotten us?
I’m sick and tired of having the purchasing power of responsible people stripped away so that the most irresponsible overspenders — who are largely responsible for our “financial crisis” — can continue with their idiocy. Enough.
The best way to “get people back to work” is to allow for the deflation to happen so we can rebuild from a sustainable foundation. We’re sitting atop an unstable house of cards, and trying to figure out how to build higher.
Stop the delusion already, and let’s get on with fixing things **the right way.**
August 25, 2011 at 9:29 PM #725756Participant[quote=carlsbadworker][quote=JohnAlt91941]New buyers get nothing from this except probably less inventory to pick from.[/quote]
Exactly. I couldn’t understand how “letting price drop more so that new buyers can spend less on housing” is not the best long-term policy. As we have said here numerous of times, foreclosure is not the problem, foreclosure is the solution.
If the government claimed that foreclosure will hurt the banking system, and thus hurt the real economy. We already solved that with market-to-fantasy accounting for the banks and massive FED/government holding of non-performing asset. Why we still need to save those sorry-ass with renters’ money?[/quote]
Exactly. I don’t want low interest rates; we’ve had enough of those for the past decade, and where has it gotten us?
I’m sick and tired of having the purchasing power of responsible people stripped away so that the most irresponsible overspenders — who are largely responsible for our “financial crisis” — can continue with their idiocy. Enough.
The best way to “get people back to work” is to allow for the deflation to happen so we can rebuild from a sustainable foundation. We’re sitting atop an unstable house of cards, and trying to figure out how to build higher.
Stop the delusion already, and let’s get on with fixing things **the right way.**
August 25, 2011 at 9:36 PM #724554Participant[quote=briansd1]I don’t disagree with you patientrenter.
Low income renters do need more help.
Long term, we need to reduce and eliminate housing subsidies that distort the system.
But right now, we need to create the demand that will spur job creation and jobs for the unemployed (who need jobs today, not 5 years from now).
A strong economy will give us the tools to reform the system. It’s not possible to reform the system in a weak economy.
Banks and corporations already refinanced to low interest rates debts. So have individuals with good steady incomes and good credit.
People who are stuck in high interest rate loans, and have been paying the loans on time should get a break. Let’s lower their interest rates to what the large corporations are paying.[/quote]
If they would have allowed the deflation to happen in 2008, we would be very near a bottom right now (always figured 2012 would mark a bottom without govt/Fed interference). Because of all their interventions, we are now stuck in a quagmire that will grind us all into permanent poverty over many, many years…maybe decades.
In case you missed it, the crisis isn’t over. It’s just been shifted from the private market (where it belongs) to the taxpayers. That’s what the sovereign debt crisis is all about, Brian. That’s why gold is where it is. That’s why our markets are so volatile. The crisis is before us, not behind us.
The only thing those idiots have “solved” is how to extract what little wealth remains as our societies burn, and they seem to have managed to escape criminal prosecution as well. They are trying to put more time and distance between themselves and the damage they’ve caused. I despise them.
August 25, 2011 at 9:36 PM #724644Participant[quote=briansd1]I don’t disagree with you patientrenter.
Low income renters do need more help.
Long term, we need to reduce and eliminate housing subsidies that distort the system.
But right now, we need to create the demand that will spur job creation and jobs for the unemployed (who need jobs today, not 5 years from now).
A strong economy will give us the tools to reform the system. It’s not possible to reform the system in a weak economy.
Banks and corporations already refinanced to low interest rates debts. So have individuals with good steady incomes and good credit.
People who are stuck in high interest rate loans, and have been paying the loans on time should get a break. Let’s lower their interest rates to what the large corporations are paying.[/quote]
If they would have allowed the deflation to happen in 2008, we would be very near a bottom right now (always figured 2012 would mark a bottom without govt/Fed interference). Because of all their interventions, we are now stuck in a quagmire that will grind us all into permanent poverty over many, many years…maybe decades.
In case you missed it, the crisis isn’t over. It’s just been shifted from the private market (where it belongs) to the taxpayers. That’s what the sovereign debt crisis is all about, Brian. That’s why gold is where it is. That’s why our markets are so volatile. The crisis is before us, not behind us.
The only thing those idiots have “solved” is how to extract what little wealth remains as our societies burn, and they seem to have managed to escape criminal prosecution as well. They are trying to put more time and distance between themselves and the damage they’ve caused. I despise them.
August 25, 2011 at 9:36 PM #725241Participant[quote=briansd1]I don’t disagree with you patientrenter.
Low income renters do need more help.
Long term, we need to reduce and eliminate housing subsidies that distort the system.
But right now, we need to create the demand that will spur job creation and jobs for the unemployed (who need jobs today, not 5 years from now).
A strong economy will give us the tools to reform the system. It’s not possible to reform the system in a weak economy.
Banks and corporations already refinanced to low interest rates debts. So have individuals with good steady incomes and good credit.
People who are stuck in high interest rate loans, and have been paying the loans on time should get a break. Let’s lower their interest rates to what the large corporations are paying.[/quote]
If they would have allowed the deflation to happen in 2008, we would be very near a bottom right now (always figured 2012 would mark a bottom without govt/Fed interference). Because of all their interventions, we are now stuck in a quagmire that will grind us all into permanent poverty over many, many years…maybe decades.
In case you missed it, the crisis isn’t over. It’s just been shifted from the private market (where it belongs) to the taxpayers. That’s what the sovereign debt crisis is all about, Brian. That’s why gold is where it is. That’s why our markets are so volatile. The crisis is before us, not behind us.
The only thing those idiots have “solved” is how to extract what little wealth remains as our societies burn, and they seem to have managed to escape criminal prosecution as well. They are trying to put more time and distance between themselves and the damage they’ve caused. I despise them.
August 25, 2011 at 9:36 PM #725398Participant[quote=briansd1]I don’t disagree with you patientrenter.
Low income renters do need more help.
Long term, we need to reduce and eliminate housing subsidies that distort the system.
But right now, we need to create the demand that will spur job creation and jobs for the unemployed (who need jobs today, not 5 years from now).
A strong economy will give us the tools to reform the system. It’s not possible to reform the system in a weak economy.
Banks and corporations already refinanced to low interest rates debts. So have individuals with good steady incomes and good credit.
People who are stuck in high interest rate loans, and have been paying the loans on time should get a break. Let’s lower their interest rates to what the large corporations are paying.[/quote]
If they would have allowed the deflation to happen in 2008, we would be very near a bottom right now (always figured 2012 would mark a bottom without govt/Fed interference). Because of all their interventions, we are now stuck in a quagmire that will grind us all into permanent poverty over many, many years…maybe decades.
In case you missed it, the crisis isn’t over. It’s just been shifted from the private market (where it belongs) to the taxpayers. That’s what the sovereign debt crisis is all about, Brian. That’s why gold is where it is. That’s why our markets are so volatile. The crisis is before us, not behind us.
The only thing those idiots have “solved” is how to extract what little wealth remains as our societies burn, and they seem to have managed to escape criminal prosecution as well. They are trying to put more time and distance between themselves and the damage they’ve caused. I despise them.
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