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ucodegen.
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June 20, 2010 at 3:10 PM #568796June 20, 2010 at 5:12 PM #567825
SD Realtor
ParticipantAgreed CAR. As taxpayers though we have not been given any choice. Nobody said to us, hey we would like your permission to bail out banks, a car company, AIG, and such. We were told this is how it will be. You and I know these decisions were made long before the crisis occurred. It is one thing to be an uber bear, like you I am one as well. It is another thing to keep saying this or that cannot happen because indeed they can happen. Foreclosures and employment or lack thereof will not bring the housing market to a crash. The govt has that game rigged. Thus what we have left are rates. That will happen and it will be a blow. I am not sure of the timeframe but I believe it was between Fall of 1979 and Spring of 1980 rates went up 4%. Can you imagine what a 4% rate hike would do in a span of 6 months? That my friend would be a crusher. I don’t see that happening in the near term. A few years from now? Well that will be interesting.
June 20, 2010 at 5:12 PM #567920ParticipantAgreed CAR. As taxpayers though we have not been given any choice. Nobody said to us, hey we would like your permission to bail out banks, a car company, AIG, and such. We were told this is how it will be. You and I know these decisions were made long before the crisis occurred. It is one thing to be an uber bear, like you I am one as well. It is another thing to keep saying this or that cannot happen because indeed they can happen. Foreclosures and employment or lack thereof will not bring the housing market to a crash. The govt has that game rigged. Thus what we have left are rates. That will happen and it will be a blow. I am not sure of the timeframe but I believe it was between Fall of 1979 and Spring of 1980 rates went up 4%. Can you imagine what a 4% rate hike would do in a span of 6 months? That my friend would be a crusher. I don’t see that happening in the near term. A few years from now? Well that will be interesting.
June 20, 2010 at 5:12 PM #568425ParticipantAgreed CAR. As taxpayers though we have not been given any choice. Nobody said to us, hey we would like your permission to bail out banks, a car company, AIG, and such. We were told this is how it will be. You and I know these decisions were made long before the crisis occurred. It is one thing to be an uber bear, like you I am one as well. It is another thing to keep saying this or that cannot happen because indeed they can happen. Foreclosures and employment or lack thereof will not bring the housing market to a crash. The govt has that game rigged. Thus what we have left are rates. That will happen and it will be a blow. I am not sure of the timeframe but I believe it was between Fall of 1979 and Spring of 1980 rates went up 4%. Can you imagine what a 4% rate hike would do in a span of 6 months? That my friend would be a crusher. I don’t see that happening in the near term. A few years from now? Well that will be interesting.
June 20, 2010 at 5:12 PM #568531ParticipantAgreed CAR. As taxpayers though we have not been given any choice. Nobody said to us, hey we would like your permission to bail out banks, a car company, AIG, and such. We were told this is how it will be. You and I know these decisions were made long before the crisis occurred. It is one thing to be an uber bear, like you I am one as well. It is another thing to keep saying this or that cannot happen because indeed they can happen. Foreclosures and employment or lack thereof will not bring the housing market to a crash. The govt has that game rigged. Thus what we have left are rates. That will happen and it will be a blow. I am not sure of the timeframe but I believe it was between Fall of 1979 and Spring of 1980 rates went up 4%. Can you imagine what a 4% rate hike would do in a span of 6 months? That my friend would be a crusher. I don’t see that happening in the near term. A few years from now? Well that will be interesting.
June 20, 2010 at 5:12 PM #568811ParticipantAgreed CAR. As taxpayers though we have not been given any choice. Nobody said to us, hey we would like your permission to bail out banks, a car company, AIG, and such. We were told this is how it will be. You and I know these decisions were made long before the crisis occurred. It is one thing to be an uber bear, like you I am one as well. It is another thing to keep saying this or that cannot happen because indeed they can happen. Foreclosures and employment or lack thereof will not bring the housing market to a crash. The govt has that game rigged. Thus what we have left are rates. That will happen and it will be a blow. I am not sure of the timeframe but I believe it was between Fall of 1979 and Spring of 1980 rates went up 4%. Can you imagine what a 4% rate hike would do in a span of 6 months? That my friend would be a crusher. I don’t see that happening in the near term. A few years from now? Well that will be interesting.
June 20, 2010 at 6:59 PM #567859no_such_reality
ParticipantIt’s a win for your friend and a win for the bank. Okay, maybe it’s a win for your friend.
To me it seems to point to the fact that the banks suspect things will inflate out in five years.
June 20, 2010 at 6:59 PM #567954ParticipantIt’s a win for your friend and a win for the bank. Okay, maybe it’s a win for your friend.
To me it seems to point to the fact that the banks suspect things will inflate out in five years.
June 20, 2010 at 6:59 PM #568459ParticipantIt’s a win for your friend and a win for the bank. Okay, maybe it’s a win for your friend.
To me it seems to point to the fact that the banks suspect things will inflate out in five years.
June 20, 2010 at 6:59 PM #568566ParticipantIt’s a win for your friend and a win for the bank. Okay, maybe it’s a win for your friend.
To me it seems to point to the fact that the banks suspect things will inflate out in five years.
June 20, 2010 at 6:59 PM #568846ParticipantIt’s a win for your friend and a win for the bank. Okay, maybe it’s a win for your friend.
To me it seems to point to the fact that the banks suspect things will inflate out in five years.
June 21, 2010 at 9:37 AM #568175pencilneck
ParticipantI wonder if the 2% interest rate for 5 years is the actual interest rate or just the payment amount. Is it possible that there is some negative amortization going on in these?
Guess you’d have to see the actual loan docs.
June 21, 2010 at 9:37 AM #568271ParticipantI wonder if the 2% interest rate for 5 years is the actual interest rate or just the payment amount. Is it possible that there is some negative amortization going on in these?
Guess you’d have to see the actual loan docs.
June 21, 2010 at 9:37 AM #568772ParticipantI wonder if the 2% interest rate for 5 years is the actual interest rate or just the payment amount. Is it possible that there is some negative amortization going on in these?
Guess you’d have to see the actual loan docs.
June 21, 2010 at 9:37 AM #568879ParticipantI wonder if the 2% interest rate for 5 years is the actual interest rate or just the payment amount. Is it possible that there is some negative amortization going on in these?
Guess you’d have to see the actual loan docs.
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