- This topic has 65 replies, 8 voices, and was last updated 15 years, 10 months ago by
(former)FormerSanDiegan.
-
AuthorPosts
-
March 5, 2008 at 9:57 AM #164313March 5, 2008 at 10:08 AM #164640
robson
ParticipantGood summary. Regarding #1, it will be very interesting to see what factors ultimately “force” the gov to do this. Needless to say, if it is presumed that this must happen at some point, then the conditions that would warrant this (national economy, home prices, stock market levels) would be a bit worse than they are today.
Regarding #3, are you simply tracking NODs as a signal of future foreclosures, or employing some other method? At what level of foreclosures would you consider a bottom?
March 5, 2008 at 10:08 AM #164650robson
ParticipantGood summary. Regarding #1, it will be very interesting to see what factors ultimately “force” the gov to do this. Needless to say, if it is presumed that this must happen at some point, then the conditions that would warrant this (national economy, home prices, stock market levels) would be a bit worse than they are today.
Regarding #3, are you simply tracking NODs as a signal of future foreclosures, or employing some other method? At what level of foreclosures would you consider a bottom?
March 5, 2008 at 10:08 AM #164658robson
ParticipantGood summary. Regarding #1, it will be very interesting to see what factors ultimately “force” the gov to do this. Needless to say, if it is presumed that this must happen at some point, then the conditions that would warrant this (national economy, home prices, stock market levels) would be a bit worse than they are today.
Regarding #3, are you simply tracking NODs as a signal of future foreclosures, or employing some other method? At what level of foreclosures would you consider a bottom?
March 5, 2008 at 10:08 AM #164743robson
ParticipantGood summary. Regarding #1, it will be very interesting to see what factors ultimately “force” the gov to do this. Needless to say, if it is presumed that this must happen at some point, then the conditions that would warrant this (national economy, home prices, stock market levels) would be a bit worse than they are today.
Regarding #3, are you simply tracking NODs as a signal of future foreclosures, or employing some other method? At what level of foreclosures would you consider a bottom?
March 5, 2008 at 10:08 AM #164327robson
ParticipantGood summary. Regarding #1, it will be very interesting to see what factors ultimately “force” the gov to do this. Needless to say, if it is presumed that this must happen at some point, then the conditions that would warrant this (national economy, home prices, stock market levels) would be a bit worse than they are today.
Regarding #3, are you simply tracking NODs as a signal of future foreclosures, or employing some other method? At what level of foreclosures would you consider a bottom?
March 5, 2008 at 10:49 AM #164788cr
ParticipantRe: #1 – By taking them off their books the government would have to pay book value for them or the banks would probably be better off selling them. Of course the answer to that is print more money, but then what? The government will sell them all at a loss? Through who, FMAE, FMAC, OFHEO, FHA? That will only increase inflation and force more downward pressure on prices.
Maybe they will hoard them until the next bubble.
March 5, 2008 at 10:49 AM #164685cr
ParticipantRe: #1 – By taking them off their books the government would have to pay book value for them or the banks would probably be better off selling them. Of course the answer to that is print more money, but then what? The government will sell them all at a loss? Through who, FMAE, FMAC, OFHEO, FHA? That will only increase inflation and force more downward pressure on prices.
Maybe they will hoard them until the next bubble.
March 5, 2008 at 10:49 AM #164695cr
ParticipantRe: #1 – By taking them off their books the government would have to pay book value for them or the banks would probably be better off selling them. Of course the answer to that is print more money, but then what? The government will sell them all at a loss? Through who, FMAE, FMAC, OFHEO, FHA? That will only increase inflation and force more downward pressure on prices.
Maybe they will hoard them until the next bubble.
March 5, 2008 at 10:49 AM #164701cr
ParticipantRe: #1 – By taking them off their books the government would have to pay book value for them or the banks would probably be better off selling them. Of course the answer to that is print more money, but then what? The government will sell them all at a loss? Through who, FMAE, FMAC, OFHEO, FHA? That will only increase inflation and force more downward pressure on prices.
Maybe they will hoard them until the next bubble.
March 5, 2008 at 10:49 AM #164373cr
ParticipantRe: #1 – By taking them off their books the government would have to pay book value for them or the banks would probably be better off selling them. Of course the answer to that is print more money, but then what? The government will sell them all at a loss? Through who, FMAE, FMAC, OFHEO, FHA? That will only increase inflation and force more downward pressure on prices.
Maybe they will hoard them until the next bubble.
March 5, 2008 at 10:55 AM #164798robson
ParticipantBut hoarding would mean millions of vacant homes across the country which would be vandalized over the years and by the time the next bubble hit they wouldn’t even be livable. I don’t understand why banks don’t just sack up and start renting to people in the traditional way. At this point a “rent unit” at a bank would be much more valuable than a “mortgage unit.” Seriously though, is there a law against this or why has it not happened?
March 5, 2008 at 10:55 AM #164694robson
ParticipantBut hoarding would mean millions of vacant homes across the country which would be vandalized over the years and by the time the next bubble hit they wouldn’t even be livable. I don’t understand why banks don’t just sack up and start renting to people in the traditional way. At this point a “rent unit” at a bank would be much more valuable than a “mortgage unit.” Seriously though, is there a law against this or why has it not happened?
March 5, 2008 at 10:55 AM #164705robson
ParticipantBut hoarding would mean millions of vacant homes across the country which would be vandalized over the years and by the time the next bubble hit they wouldn’t even be livable. I don’t understand why banks don’t just sack up and start renting to people in the traditional way. At this point a “rent unit” at a bank would be much more valuable than a “mortgage unit.” Seriously though, is there a law against this or why has it not happened?
March 5, 2008 at 10:55 AM #164713robson
ParticipantBut hoarding would mean millions of vacant homes across the country which would be vandalized over the years and by the time the next bubble hit they wouldn’t even be livable. I don’t understand why banks don’t just sack up and start renting to people in the traditional way. At this point a “rent unit” at a bank would be much more valuable than a “mortgage unit.” Seriously though, is there a law against this or why has it not happened?
-
AuthorPosts
- You must be logged in to reply to this topic.