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patientrenter.
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November 30, 2007 at 2:02 PM #105847November 30, 2007 at 2:17 PM #105862
GoUSC
ParticipantThanks…I was thinking that was it but thought there was more to it. Of course now the lending world will change forever and we should see a return to very conservative lending practices.
Do you think this will limit the buyer pool and therefore help to solve the home pricing problem (even though for sale inventory might drop).
November 30, 2007 at 2:17 PM #105880ParticipantThanks…I was thinking that was it but thought there was more to it. Of course now the lending world will change forever and we should see a return to very conservative lending practices.
Do you think this will limit the buyer pool and therefore help to solve the home pricing problem (even though for sale inventory might drop).
November 30, 2007 at 2:17 PM #105855ParticipantThanks…I was thinking that was it but thought there was more to it. Of course now the lending world will change forever and we should see a return to very conservative lending practices.
Do you think this will limit the buyer pool and therefore help to solve the home pricing problem (even though for sale inventory might drop).
November 30, 2007 at 2:17 PM #105818ParticipantThanks…I was thinking that was it but thought there was more to it. Of course now the lending world will change forever and we should see a return to very conservative lending practices.
Do you think this will limit the buyer pool and therefore help to solve the home pricing problem (even though for sale inventory might drop).
November 30, 2007 at 2:17 PM #105729ParticipantThanks…I was thinking that was it but thought there was more to it. Of course now the lending world will change forever and we should see a return to very conservative lending practices.
Do you think this will limit the buyer pool and therefore help to solve the home pricing problem (even though for sale inventory might drop).
November 30, 2007 at 2:20 PM #105864sdnerd
ParticipantIt’ll be curious to see what ends up happening.
We have an election year, and the fact that nobody wants the economy to completely fail. I just can’t see the government letting this ship go over the cliff, at least without trying every possible last ditch effort to prevent it.
As much as many of us would like homes to be half priced over the next few years – the consequences of that could be drastic.
If they cut the rates again and allow some people to lock their rate for 7 years. That might stop a wave of foreclosures, and keep people in their homes paying their bills. Fewer banks go under, etc. Maybe prices won’t fall of the cliff, but dip a bit and then stay stagnant 10 years letting inflation ‘lower housing prices’.
A percentage of people who made stupid financial decisions aren’t punished, and get to free pass out of financial ruin. Nobody said life was fair – pretty sure that is rule #1 or 2 in the book of life as much as it may suck.
November 30, 2007 at 2:20 PM #105829ParticipantIt’ll be curious to see what ends up happening.
We have an election year, and the fact that nobody wants the economy to completely fail. I just can’t see the government letting this ship go over the cliff, at least without trying every possible last ditch effort to prevent it.
As much as many of us would like homes to be half priced over the next few years – the consequences of that could be drastic.
If they cut the rates again and allow some people to lock their rate for 7 years. That might stop a wave of foreclosures, and keep people in their homes paying their bills. Fewer banks go under, etc. Maybe prices won’t fall of the cliff, but dip a bit and then stay stagnant 10 years letting inflation ‘lower housing prices’.
A percentage of people who made stupid financial decisions aren’t punished, and get to free pass out of financial ruin. Nobody said life was fair – pretty sure that is rule #1 or 2 in the book of life as much as it may suck.
November 30, 2007 at 2:20 PM #105890ParticipantIt’ll be curious to see what ends up happening.
We have an election year, and the fact that nobody wants the economy to completely fail. I just can’t see the government letting this ship go over the cliff, at least without trying every possible last ditch effort to prevent it.
As much as many of us would like homes to be half priced over the next few years – the consequences of that could be drastic.
If they cut the rates again and allow some people to lock their rate for 7 years. That might stop a wave of foreclosures, and keep people in their homes paying their bills. Fewer banks go under, etc. Maybe prices won’t fall of the cliff, but dip a bit and then stay stagnant 10 years letting inflation ‘lower housing prices’.
A percentage of people who made stupid financial decisions aren’t punished, and get to free pass out of financial ruin. Nobody said life was fair – pretty sure that is rule #1 or 2 in the book of life as much as it may suck.
November 30, 2007 at 2:20 PM #105872ParticipantIt’ll be curious to see what ends up happening.
We have an election year, and the fact that nobody wants the economy to completely fail. I just can’t see the government letting this ship go over the cliff, at least without trying every possible last ditch effort to prevent it.
As much as many of us would like homes to be half priced over the next few years – the consequences of that could be drastic.
If they cut the rates again and allow some people to lock their rate for 7 years. That might stop a wave of foreclosures, and keep people in their homes paying their bills. Fewer banks go under, etc. Maybe prices won’t fall of the cliff, but dip a bit and then stay stagnant 10 years letting inflation ‘lower housing prices’.
A percentage of people who made stupid financial decisions aren’t punished, and get to free pass out of financial ruin. Nobody said life was fair – pretty sure that is rule #1 or 2 in the book of life as much as it may suck.
November 30, 2007 at 2:20 PM #105740ParticipantIt’ll be curious to see what ends up happening.
We have an election year, and the fact that nobody wants the economy to completely fail. I just can’t see the government letting this ship go over the cliff, at least without trying every possible last ditch effort to prevent it.
As much as many of us would like homes to be half priced over the next few years – the consequences of that could be drastic.
If they cut the rates again and allow some people to lock their rate for 7 years. That might stop a wave of foreclosures, and keep people in their homes paying their bills. Fewer banks go under, etc. Maybe prices won’t fall of the cliff, but dip a bit and then stay stagnant 10 years letting inflation ‘lower housing prices’.
A percentage of people who made stupid financial decisions aren’t punished, and get to free pass out of financial ruin. Nobody said life was fair – pretty sure that is rule #1 or 2 in the book of life as much as it may suck.
November 30, 2007 at 2:31 PM #105834nostradamus
ParticipantI don’t think the sale inventory will drop all that much. There are millions of homes sitting vacant nationwide and millions that are second homes owned by speculators. They will not be bailed out (if they are I’m going to become a tax renegade).
There are already millions of vacant, foreclosed homes that the banks are holding on to as well. The bailout won’t help those either!
All the bailout proposals I’ve heard involve primary-owner-occupiers. No? I would hope that due diligence is paid to make sure that if a bailout happens (I hope it doesn’t), it only helps owner-occupiers and not speculators/banks/investors.
November 30, 2007 at 2:31 PM #105870ParticipantI don’t think the sale inventory will drop all that much. There are millions of homes sitting vacant nationwide and millions that are second homes owned by speculators. They will not be bailed out (if they are I’m going to become a tax renegade).
There are already millions of vacant, foreclosed homes that the banks are holding on to as well. The bailout won’t help those either!
All the bailout proposals I’ve heard involve primary-owner-occupiers. No? I would hope that due diligence is paid to make sure that if a bailout happens (I hope it doesn’t), it only helps owner-occupiers and not speculators/banks/investors.
November 30, 2007 at 2:31 PM #105877ParticipantI don’t think the sale inventory will drop all that much. There are millions of homes sitting vacant nationwide and millions that are second homes owned by speculators. They will not be bailed out (if they are I’m going to become a tax renegade).
There are already millions of vacant, foreclosed homes that the banks are holding on to as well. The bailout won’t help those either!
All the bailout proposals I’ve heard involve primary-owner-occupiers. No? I would hope that due diligence is paid to make sure that if a bailout happens (I hope it doesn’t), it only helps owner-occupiers and not speculators/banks/investors.
November 30, 2007 at 2:31 PM #105745ParticipantI don’t think the sale inventory will drop all that much. There are millions of homes sitting vacant nationwide and millions that are second homes owned by speculators. They will not be bailed out (if they are I’m going to become a tax renegade).
There are already millions of vacant, foreclosed homes that the banks are holding on to as well. The bailout won’t help those either!
All the bailout proposals I’ve heard involve primary-owner-occupiers. No? I would hope that due diligence is paid to make sure that if a bailout happens (I hope it doesn’t), it only helps owner-occupiers and not speculators/banks/investors.
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