Solution to the Housing and Foreclosure crisis

[Nor-LA-SD-guy]

I will just add this;

It would be a real shame if people would have to commute to live in a nice neighborhood, that would just be too much to ask.

[DWCAP]

“I am concerned that if we don’t stop the drop in home prices now, they are going to crater to absurd levels!”-OP

SO…. then people would be buying houses they could actually afford AND have money in their pocket to spend in other ways like consuming things (ie shopping)? That would create jobs for people, which would allow more people to afford a house, which would mean more jobs for people who build/fix/furnish houses, which would mean more people could afford to buy a house,which means banks would be making healthy, repayable loans and earning a decient return for people responsible enough to save, making more jobs (banking) for people who then could……..

Amazing! Realistic housing prices seem to have a built in healthy buisness cycle to it as long as Unky Sam and his do-gooder thugs stop F’ing it all up.

And please, IF you are still on this forum and not just spaming us, please tell me what “Absurd” levels are. I have a funny feeling your idea of ‘absurd’ is damn close to the traditional level of ‘NORMAL’.

[DWCAP]

“I am concerned that if we don’t stop the drop in home prices now, they are going to crater to absurd levels!”-OP

SO…. then people would be buying houses they could actually afford AND have money in their pocket to spend in other ways like consuming things (ie shopping)? That would create jobs for people, which would allow more people to afford a house, which would mean more jobs for people who build/fix/furnish houses, which would mean more people could afford to buy a house,which means banks would be making healthy, repayable loans and earning a decient return for people responsible enough to save, making more jobs (banking) for people who then could……..

Amazing! Realistic housing prices seem to have a built in healthy buisness cycle to it as long as Unky Sam and his do-gooder thugs stop F’ing it all up.

And please, IF you are still on this forum and not just spaming us, please tell me what “Absurd” levels are. I have a funny feeling your idea of ‘absurd’ is damn close to the traditional level of ‘NORMAL’.

[DWCAP]

“I am concerned that if we don’t stop the drop in home prices now, they are going to crater to absurd levels!”-OP

SO…. then people would be buying houses they could actually afford AND have money in their pocket to spend in other ways like consuming things (ie shopping)? That would create jobs for people, which would allow more people to afford a house, which would mean more jobs for people who build/fix/furnish houses, which would mean more people could afford to buy a house,which means banks would be making healthy, repayable loans and earning a decient return for people responsible enough to save, making more jobs (banking) for people who then could……..

Amazing! Realistic housing prices seem to have a built in healthy buisness cycle to it as long as Unky Sam and his do-gooder thugs stop F’ing it all up.

And please, IF you are still on this forum and not just spaming us, please tell me what “Absurd” levels are. I have a funny feeling your idea of ‘absurd’ is damn close to the traditional level of ‘NORMAL’.

[DWCAP]

“I am concerned that if we don’t stop the drop in home prices now, they are going to crater to absurd levels!”-OP

SO…. then people would be buying houses they could actually afford AND have money in their pocket to spend in other ways like consuming things (ie shopping)? That would create jobs for people, which would allow more people to afford a house, which would mean more jobs for people who build/fix/furnish houses, which would mean more people could afford to buy a house,which means banks would be making healthy, repayable loans and earning a decient return for people responsible enough to save, making more jobs (banking) for people who then could……..

Amazing! Realistic housing prices seem to have a built in healthy buisness cycle to it as long as Unky Sam and his do-gooder thugs stop F’ing it all up.

And please, IF you are still on this forum and not just spaming us, please tell me what “Absurd” levels are. I have a funny feeling your idea of ‘absurd’ is damn close to the traditional level of ‘NORMAL’.

[DWCAP]

“I am concerned that if we don’t stop the drop in home prices now, they are going to crater to absurd levels!”-OP

SO…. then people would be buying houses they could actually afford AND have money in their pocket to spend in other ways like consuming things (ie shopping)? That would create jobs for people, which would allow more people to afford a house, which would mean more jobs for people who build/fix/furnish houses, which would mean more people could afford to buy a house,which means banks would be making healthy, repayable loans and earning a decient return for people responsible enough to save, making more jobs (banking) for people who then could……..

Amazing! Realistic housing prices seem to have a built in healthy buisness cycle to it as long as Unky Sam and his do-gooder thugs stop F’ing it all up.

And please, IF you are still on this forum and not just spaming us, please tell me what “Absurd” levels are. I have a funny feeling your idea of ‘absurd’ is damn close to the traditional level of ‘NORMAL’.

[NotCranky]

What housing crisis? When a ballon pops at a kid’s birthday party is it really a crisis?
Kind of a sad statement of someone’s “values” or attempt to play on “values”, to say we have a housing “crisis”, be one a priced out renter or a foreclosure “victim”. We have more of a housing shuffle.

[NotCranky]

What housing crisis? When a ballon pops at a kid’s birthday party is it really a crisis?
Kind of a sad statement of someone’s “values” or attempt to play on “values”, to say we have a housing “crisis”, be one a priced out renter or a foreclosure “victim”. We have more of a housing shuffle.

[NotCranky]

What housing crisis? When a ballon pops at a kid’s birthday party is it really a crisis?
Kind of a sad statement of someone’s “values” or attempt to play on “values”, to say we have a housing “crisis”, be one a priced out renter or a foreclosure “victim”. We have more of a housing shuffle.

[NotCranky]

What housing crisis? When a ballon pops at a kid’s birthday party is it really a crisis?
Kind of a sad statement of someone’s “values” or attempt to play on “values”, to say we have a housing “crisis”, be one a priced out renter or a foreclosure “victim”. We have more of a housing shuffle.

[NotCranky]

What housing crisis? When a ballon pops at a kid’s birthday party is it really a crisis?
Kind of a sad statement of someone’s “values” or attempt to play on “values”, to say we have a housing “crisis”, be one a priced out renter or a foreclosure “victim”. We have more of a housing shuffle.

[recordsclerk]

I know of eight foreclosures/shortsales personally. All of them were able to make the payment but just decided that it was not worth it to stay or pay.
1. Bought equal type house for 40% discount from previously purchase, let previous home go into foreclosure.
2. Decided renting would be cheaper then paying mortgage. Lived rent free until kicked out. Did not save money while living for free.
3. Basically same as #2.
4. Currently living rent free and hasn’t paid property tax. 8 months and counting. Still getting housing allowance from Navy.
5. Currently living rent free (4 months), offering house as a short sale, has current offer. Has not paid 2008 prop tax. Bought new Lexus before credit gets ding.
6. Decided renting is cheaper then paying mortgage. Bought new SUV and moved into a rental.
7. Haven’t paid for 3 months, waiting to get kicked out. Trying to save money, but can’t resist shopping.
8. Haven’t paid for 10 months, hired a lawyer to stay in home longer. Have not paid 2008 taxes.
One common factor in all these foreclosures *little or no money down* and the anticipation of appreciation (AKA free money).

[recordsclerk]

I know of eight foreclosures/shortsales personally. All of them were able to make the payment but just decided that it was not worth it to stay or pay.
1. Bought equal type house for 40% discount from previously purchase, let previous home go into foreclosure.
2. Decided renting would be cheaper then paying mortgage. Lived rent free until kicked out. Did not save money while living for free.
3. Basically same as #2.
4. Currently living rent free and hasn’t paid property tax. 8 months and counting. Still getting housing allowance from Navy.
5. Currently living rent free (4 months), offering house as a short sale, has current offer. Has not paid 2008 prop tax. Bought new Lexus before credit gets ding.
6. Decided renting is cheaper then paying mortgage. Bought new SUV and moved into a rental.
7. Haven’t paid for 3 months, waiting to get kicked out. Trying to save money, but can’t resist shopping.
8. Haven’t paid for 10 months, hired a lawyer to stay in home longer. Have not paid 2008 taxes.
One common factor in all these foreclosures *little or no money down* and the anticipation of appreciation (AKA free money).

[recordsclerk]

I know of eight foreclosures/shortsales personally. All of them were able to make the payment but just decided that it was not worth it to stay or pay.
1. Bought equal type house for 40% discount from previously purchase, let previous home go into foreclosure.
2. Decided renting would be cheaper then paying mortgage. Lived rent free until kicked out. Did not save money while living for free.
3. Basically same as #2.
4. Currently living rent free and hasn’t paid property tax. 8 months and counting. Still getting housing allowance from Navy.
5. Currently living rent free (4 months), offering house as a short sale, has current offer. Has not paid 2008 prop tax. Bought new Lexus before credit gets ding.
6. Decided renting is cheaper then paying mortgage. Bought new SUV and moved into a rental.
7. Haven’t paid for 3 months, waiting to get kicked out. Trying to save money, but can’t resist shopping.
8. Haven’t paid for 10 months, hired a lawyer to stay in home longer. Have not paid 2008 taxes.
One common factor in all these foreclosures *little or no money down* and the anticipation of appreciation (AKA free money).

[recordsclerk]

I know of eight foreclosures/shortsales personally. All of them were able to make the payment but just decided that it was not worth it to stay or pay.
1. Bought equal type house for 40% discount from previously purchase, let previous home go into foreclosure.
2. Decided renting would be cheaper then paying mortgage. Lived rent free until kicked out. Did not save money while living for free.
3. Basically same as #2.
4. Currently living rent free and hasn’t paid property tax. 8 months and counting. Still getting housing allowance from Navy.
5. Currently living rent free (4 months), offering house as a short sale, has current offer. Has not paid 2008 prop tax. Bought new Lexus before credit gets ding.
6. Decided renting is cheaper then paying mortgage. Bought new SUV and moved into a rental.
7. Haven’t paid for 3 months, waiting to get kicked out. Trying to save money, but can’t resist shopping.
8. Haven’t paid for 10 months, hired a lawyer to stay in home longer. Have not paid 2008 taxes.
One common factor in all these foreclosures *little or no money down* and the anticipation of appreciation (AKA free money).

[Author]

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