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CricketOnTheHearth.
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October 5, 2009 at 11:45 AM #464683October 5, 2009 at 12:06 PM #463882
Arraya
Participant[quote=jpinpb]Whatever term one prefers to use, shadow, stealth, short sale active, bank owned not listed, bank owned listed, low percentage distressed modified, 50% modified that re-defaults, the bottom line is that there is downward pressure and properties that are upside down. What will become of them and how they will get absorbed is, to me, more of a concern.[/quote]
They will see the market eventually. It’s largely irrelevant at this point. There is so many losses the banks are playing hide the sausage until the can’t any more. At this point the have to increase intervention just stay even there is so much downward pressure. Something will break eventually. I may be the currency, in which case property is not a bad idea. Or full deflationary collapse if they stop intervention. There really is no in between.
October 5, 2009 at 12:06 PM #464073Participant[quote=jpinpb]Whatever term one prefers to use, shadow, stealth, short sale active, bank owned not listed, bank owned listed, low percentage distressed modified, 50% modified that re-defaults, the bottom line is that there is downward pressure and properties that are upside down. What will become of them and how they will get absorbed is, to me, more of a concern.[/quote]
They will see the market eventually. It’s largely irrelevant at this point. There is so many losses the banks are playing hide the sausage until the can’t any more. At this point the have to increase intervention just stay even there is so much downward pressure. Something will break eventually. I may be the currency, in which case property is not a bad idea. Or full deflationary collapse if they stop intervention. There really is no in between.
October 5, 2009 at 12:06 PM #464421Participant[quote=jpinpb]Whatever term one prefers to use, shadow, stealth, short sale active, bank owned not listed, bank owned listed, low percentage distressed modified, 50% modified that re-defaults, the bottom line is that there is downward pressure and properties that are upside down. What will become of them and how they will get absorbed is, to me, more of a concern.[/quote]
They will see the market eventually. It’s largely irrelevant at this point. There is so many losses the banks are playing hide the sausage until the can’t any more. At this point the have to increase intervention just stay even there is so much downward pressure. Something will break eventually. I may be the currency, in which case property is not a bad idea. Or full deflationary collapse if they stop intervention. There really is no in between.
October 5, 2009 at 12:06 PM #464492Participant[quote=jpinpb]Whatever term one prefers to use, shadow, stealth, short sale active, bank owned not listed, bank owned listed, low percentage distressed modified, 50% modified that re-defaults, the bottom line is that there is downward pressure and properties that are upside down. What will become of them and how they will get absorbed is, to me, more of a concern.[/quote]
They will see the market eventually. It’s largely irrelevant at this point. There is so many losses the banks are playing hide the sausage until the can’t any more. At this point the have to increase intervention just stay even there is so much downward pressure. Something will break eventually. I may be the currency, in which case property is not a bad idea. Or full deflationary collapse if they stop intervention. There really is no in between.
October 5, 2009 at 12:06 PM #464698Participant[quote=jpinpb]Whatever term one prefers to use, shadow, stealth, short sale active, bank owned not listed, bank owned listed, low percentage distressed modified, 50% modified that re-defaults, the bottom line is that there is downward pressure and properties that are upside down. What will become of them and how they will get absorbed is, to me, more of a concern.[/quote]
They will see the market eventually. It’s largely irrelevant at this point. There is so many losses the banks are playing hide the sausage until the can’t any more. At this point the have to increase intervention just stay even there is so much downward pressure. Something will break eventually. I may be the currency, in which case property is not a bad idea. Or full deflationary collapse if they stop intervention. There really is no in between.
October 5, 2009 at 12:23 PM #463892ParticipantIf that dow falters again, it will spook the home buyers as well. You’ll have a bunch of fence sitting strategic walkers jump off. You’ll have a surge of unemployment(which really has not decreased that much) leading to more defaults and so on.
It will happen eventually because the main driver for all the problems is the credit contraction. Which is still in full force and getting worse. Which is driven by default rates. Which are still trending up.
See Rt.66 post above by Meredith Whitney regarding credit.
October 5, 2009 at 12:23 PM #464083ParticipantIf that dow falters again, it will spook the home buyers as well. You’ll have a bunch of fence sitting strategic walkers jump off. You’ll have a surge of unemployment(which really has not decreased that much) leading to more defaults and so on.
It will happen eventually because the main driver for all the problems is the credit contraction. Which is still in full force and getting worse. Which is driven by default rates. Which are still trending up.
See Rt.66 post above by Meredith Whitney regarding credit.
October 5, 2009 at 12:23 PM #464431ParticipantIf that dow falters again, it will spook the home buyers as well. You’ll have a bunch of fence sitting strategic walkers jump off. You’ll have a surge of unemployment(which really has not decreased that much) leading to more defaults and so on.
It will happen eventually because the main driver for all the problems is the credit contraction. Which is still in full force and getting worse. Which is driven by default rates. Which are still trending up.
See Rt.66 post above by Meredith Whitney regarding credit.
October 5, 2009 at 12:23 PM #464502ParticipantIf that dow falters again, it will spook the home buyers as well. You’ll have a bunch of fence sitting strategic walkers jump off. You’ll have a surge of unemployment(which really has not decreased that much) leading to more defaults and so on.
It will happen eventually because the main driver for all the problems is the credit contraction. Which is still in full force and getting worse. Which is driven by default rates. Which are still trending up.
See Rt.66 post above by Meredith Whitney regarding credit.
October 5, 2009 at 12:23 PM #464708ParticipantIf that dow falters again, it will spook the home buyers as well. You’ll have a bunch of fence sitting strategic walkers jump off. You’ll have a surge of unemployment(which really has not decreased that much) leading to more defaults and so on.
It will happen eventually because the main driver for all the problems is the credit contraction. Which is still in full force and getting worse. Which is driven by default rates. Which are still trending up.
See Rt.66 post above by Meredith Whitney regarding credit.
October 5, 2009 at 12:27 PM #463897sdrealtor
ParticipantNo one is arguing downward pressure. We all know its there and will be there for at least a few more years. We also know the powers to be are successfully keeping rates low, supply low and stimulating demand. Their efforts have kept things afloat. There is no reason to beleive they will stop. Saying it cant go on is not a statement of fact but a hope for those wanting dramatic declines. Everything I have seen says they will keep at it in ways we cant even imagine right now. The game is rigged and always will be. We do not differ in our opinions of direction just our opinions of the degree of declines ahead.
October 5, 2009 at 12:27 PM #464088ParticipantNo one is arguing downward pressure. We all know its there and will be there for at least a few more years. We also know the powers to be are successfully keeping rates low, supply low and stimulating demand. Their efforts have kept things afloat. There is no reason to beleive they will stop. Saying it cant go on is not a statement of fact but a hope for those wanting dramatic declines. Everything I have seen says they will keep at it in ways we cant even imagine right now. The game is rigged and always will be. We do not differ in our opinions of direction just our opinions of the degree of declines ahead.
October 5, 2009 at 12:27 PM #464436ParticipantNo one is arguing downward pressure. We all know its there and will be there for at least a few more years. We also know the powers to be are successfully keeping rates low, supply low and stimulating demand. Their efforts have kept things afloat. There is no reason to beleive they will stop. Saying it cant go on is not a statement of fact but a hope for those wanting dramatic declines. Everything I have seen says they will keep at it in ways we cant even imagine right now. The game is rigged and always will be. We do not differ in our opinions of direction just our opinions of the degree of declines ahead.
October 5, 2009 at 12:27 PM #464507ParticipantNo one is arguing downward pressure. We all know its there and will be there for at least a few more years. We also know the powers to be are successfully keeping rates low, supply low and stimulating demand. Their efforts have kept things afloat. There is no reason to beleive they will stop. Saying it cant go on is not a statement of fact but a hope for those wanting dramatic declines. Everything I have seen says they will keep at it in ways we cant even imagine right now. The game is rigged and always will be. We do not differ in our opinions of direction just our opinions of the degree of declines ahead.
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