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October 10, 2008 at 8:54 PM #14173October 10, 2008 at 9:17 PM #285405underdoseParticipant
[quote]”The relentless slide in home prices …[/quote]
I love how the news keeps talking about the housing downturn. How often do you hear them characterize it correctly as the popping of the bubble? Almost never. But it isn’t a downturn. It isn’t a relentless slide. Those terms imply this came from outer space with no prior cause. It is a correction. The bad thing was the run up. Why doesn’t the WSJ say “The aftermath of the relentless run up in home prices…”?
October 10, 2008 at 9:17 PM #285695underdoseParticipant[quote]”The relentless slide in home prices …[/quote]
I love how the news keeps talking about the housing downturn. How often do you hear them characterize it correctly as the popping of the bubble? Almost never. But it isn’t a downturn. It isn’t a relentless slide. Those terms imply this came from outer space with no prior cause. It is a correction. The bad thing was the run up. Why doesn’t the WSJ say “The aftermath of the relentless run up in home prices…”?
October 10, 2008 at 9:17 PM #285716underdoseParticipant[quote]”The relentless slide in home prices …[/quote]
I love how the news keeps talking about the housing downturn. How often do you hear them characterize it correctly as the popping of the bubble? Almost never. But it isn’t a downturn. It isn’t a relentless slide. Those terms imply this came from outer space with no prior cause. It is a correction. The bad thing was the run up. Why doesn’t the WSJ say “The aftermath of the relentless run up in home prices…”?
October 10, 2008 at 9:17 PM #285739underdoseParticipant[quote]”The relentless slide in home prices …[/quote]
I love how the news keeps talking about the housing downturn. How often do you hear them characterize it correctly as the popping of the bubble? Almost never. But it isn’t a downturn. It isn’t a relentless slide. Those terms imply this came from outer space with no prior cause. It is a correction. The bad thing was the run up. Why doesn’t the WSJ say “The aftermath of the relentless run up in home prices…”?
October 10, 2008 at 9:17 PM #285747underdoseParticipant[quote]”The relentless slide in home prices …[/quote]
I love how the news keeps talking about the housing downturn. How often do you hear them characterize it correctly as the popping of the bubble? Almost never. But it isn’t a downturn. It isn’t a relentless slide. Those terms imply this came from outer space with no prior cause. It is a correction. The bad thing was the run up. Why doesn’t the WSJ say “The aftermath of the relentless run up in home prices…”?
October 11, 2008 at 9:13 AM #285534jpinpbParticipant[quote=SD Transplant]
“No longer having equity in their homes makes people feel less rich and thus less inclined to shop at the mall.”
[/quote]That’s rich. That’s b/c the housing ATM is closed. Overdrawn. Less inclined to shop. BWAHAHA. No more HELOC = no more money to shop.
October 11, 2008 at 9:13 AM #285877jpinpbParticipant[quote=SD Transplant]
“No longer having equity in their homes makes people feel less rich and thus less inclined to shop at the mall.”
[/quote]That’s rich. That’s b/c the housing ATM is closed. Overdrawn. Less inclined to shop. BWAHAHA. No more HELOC = no more money to shop.
October 11, 2008 at 9:13 AM #285825jpinpbParticipant[quote=SD Transplant]
“No longer having equity in their homes makes people feel less rich and thus less inclined to shop at the mall.”
[/quote]That’s rich. That’s b/c the housing ATM is closed. Overdrawn. Less inclined to shop. BWAHAHA. No more HELOC = no more money to shop.
October 11, 2008 at 9:13 AM #285869jpinpbParticipant[quote=SD Transplant]
“No longer having equity in their homes makes people feel less rich and thus less inclined to shop at the mall.”
[/quote]That’s rich. That’s b/c the housing ATM is closed. Overdrawn. Less inclined to shop. BWAHAHA. No more HELOC = no more money to shop.
October 11, 2008 at 9:13 AM #285846jpinpbParticipant[quote=SD Transplant]
“No longer having equity in their homes makes people feel less rich and thus less inclined to shop at the mall.”
[/quote]That’s rich. That’s b/c the housing ATM is closed. Overdrawn. Less inclined to shop. BWAHAHA. No more HELOC = no more money to shop.
October 11, 2008 at 9:24 AM #285861peterbParticipantWhat a revelation. Cant spend cause credits gone. WOW, who’d a thunk it? Having to spend only what’s actually derived from one’s income. That’s down right unamerican. And it’s now reality. Cash is king once more. Hail to the king. In God we trust, all others bring cash.
Oh, one other thing. Studies have shown that the number one reason for defaulting on a home mortgage is not the inability to pay, but rather owing more than the value of the home!! How many is “1 in 6” out there? Look for those to default, especially as unemployment’s rising.
October 11, 2008 at 9:24 AM #285892peterbParticipantWhat a revelation. Cant spend cause credits gone. WOW, who’d a thunk it? Having to spend only what’s actually derived from one’s income. That’s down right unamerican. And it’s now reality. Cash is king once more. Hail to the king. In God we trust, all others bring cash.
Oh, one other thing. Studies have shown that the number one reason for defaulting on a home mortgage is not the inability to pay, but rather owing more than the value of the home!! How many is “1 in 6” out there? Look for those to default, especially as unemployment’s rising.
October 11, 2008 at 9:24 AM #285884peterbParticipantWhat a revelation. Cant spend cause credits gone. WOW, who’d a thunk it? Having to spend only what’s actually derived from one’s income. That’s down right unamerican. And it’s now reality. Cash is king once more. Hail to the king. In God we trust, all others bring cash.
Oh, one other thing. Studies have shown that the number one reason for defaulting on a home mortgage is not the inability to pay, but rather owing more than the value of the home!! How many is “1 in 6” out there? Look for those to default, especially as unemployment’s rising.
October 11, 2008 at 9:24 AM #285840peterbParticipantWhat a revelation. Cant spend cause credits gone. WOW, who’d a thunk it? Having to spend only what’s actually derived from one’s income. That’s down right unamerican. And it’s now reality. Cash is king once more. Hail to the king. In God we trust, all others bring cash.
Oh, one other thing. Studies have shown that the number one reason for defaulting on a home mortgage is not the inability to pay, but rather owing more than the value of the home!! How many is “1 in 6” out there? Look for those to default, especially as unemployment’s rising.
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