That sure is an encouraging graph! Anyone thinking of buying a house right now should take a look at this. Consider that the poop storm has not really hit yet, too. Well, this is going to be one for the record books, folks. Sit back and watch the total implosion in 2009. I’m so glad I sold all my real estate in early 2007!!!!!
[quote=Navydoc] “God, they have to do something to stop these foreclosures!” It was then that I realized we are still deep in the denial phase of this correction.[/quote]
If I got a penny for every time I had heard even politicians say this on the news, I wouldn’t need to wait for a downturn. To me it sounds just the same as saying “we must keep housing unaffordable”.
[quote=Navydoc] “God, they have to do something to stop these foreclosures!” It was then that I realized we are still deep in the denial phase of this correction.[/quote]
If I got a penny for every time I had heard even politicians say this on the news, I wouldn’t need to wait for a downturn. To me it sounds just the same as saying “we must keep housing unaffordable”.
[quote=Navydoc] “God, they have to do something to stop these foreclosures!” It was then that I realized we are still deep in the denial phase of this correction.[/quote]
If I got a penny for every time I had heard even politicians say this on the news, I wouldn’t need to wait for a downturn. To me it sounds just the same as saying “we must keep housing unaffordable”.
[quote=Navydoc] “God, they have to do something to stop these foreclosures!” It was then that I realized we are still deep in the denial phase of this correction.[/quote]
If I got a penny for every time I had heard even politicians say this on the news, I wouldn’t need to wait for a downturn. To me it sounds just the same as saying “we must keep housing unaffordable”.
[quote=Navydoc] “God, they have to do something to stop these foreclosures!” It was then that I realized we are still deep in the denial phase of this correction.[/quote]
If I got a penny for every time I had heard even politicians say this on the news, I wouldn’t need to wait for a downturn. To me it sounds just the same as saying “we must keep housing unaffordable”.
Need to remember that most of these are voluntary.
Since the preponderance of sub-prime amongst NODs is so much higher than another cycle and they have little to lose on their credit record, one can start to see that this chart is artificial from a historic comparative behavioural point of view
……….. though in terms of numbers of REO and what the idiot raters should have foreseen it is as it is.
Need to remember that most of these are voluntary.
Since the preponderance of sub-prime amongst NODs is so much higher than another cycle and they have little to lose on their credit record, one can start to see that this chart is artificial from a historic comparative behavioural point of view
……….. though in terms of numbers of REO and what the idiot raters should have foreseen it is as it is.
Need to remember that most of these are voluntary.
Since the preponderance of sub-prime amongst NODs is so much higher than another cycle and they have little to lose on their credit record, one can start to see that this chart is artificial from a historic comparative behavioural point of view
……….. though in terms of numbers of REO and what the idiot raters should have foreseen it is as it is.
Need to remember that most of these are voluntary.
Since the preponderance of sub-prime amongst NODs is so much higher than another cycle and they have little to lose on their credit record, one can start to see that this chart is artificial from a historic comparative behavioural point of view
……….. though in terms of numbers of REO and what the idiot raters should have foreseen it is as it is.
