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Coronita.
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April 25, 2009 at 10:32 AM #387753April 25, 2009 at 1:18 PM #387149
SD Realtor
ParticipantUnconfirmed story from a friend I play hockey with. His buddy bought a home in Poway 3 years back at 475k. GMAC just did a loan mod with him and gave him a 125k principal reduction in addition to a new fixed rate.
Again it is unconfirmed.
April 25, 2009 at 1:18 PM #387417ParticipantUnconfirmed story from a friend I play hockey with. His buddy bought a home in Poway 3 years back at 475k. GMAC just did a loan mod with him and gave him a 125k principal reduction in addition to a new fixed rate.
Again it is unconfirmed.
April 25, 2009 at 1:18 PM #387619ParticipantUnconfirmed story from a friend I play hockey with. His buddy bought a home in Poway 3 years back at 475k. GMAC just did a loan mod with him and gave him a 125k principal reduction in addition to a new fixed rate.
Again it is unconfirmed.
April 25, 2009 at 1:18 PM #387671ParticipantUnconfirmed story from a friend I play hockey with. His buddy bought a home in Poway 3 years back at 475k. GMAC just did a loan mod with him and gave him a 125k principal reduction in addition to a new fixed rate.
Again it is unconfirmed.
April 25, 2009 at 1:18 PM #387814ParticipantUnconfirmed story from a friend I play hockey with. His buddy bought a home in Poway 3 years back at 475k. GMAC just did a loan mod with him and gave him a 125k principal reduction in addition to a new fixed rate.
Again it is unconfirmed.
April 25, 2009 at 7:14 PM #387258KIBU
ParticipantAN, that ‘s a very good point to take into consideration inflation. In the short term we are not seeing effective inflation yet but it can be an ugly force that make the difference down the road. Home price, in the mean time, can’t even wait for inflation to go up. Home price will be dropping faster by several fundamental factors than anything that can reflate it…..
April 25, 2009 at 7:14 PM #387528ParticipantAN, that ‘s a very good point to take into consideration inflation. In the short term we are not seeing effective inflation yet but it can be an ugly force that make the difference down the road. Home price, in the mean time, can’t even wait for inflation to go up. Home price will be dropping faster by several fundamental factors than anything that can reflate it…..
April 25, 2009 at 7:14 PM #387729ParticipantAN, that ‘s a very good point to take into consideration inflation. In the short term we are not seeing effective inflation yet but it can be an ugly force that make the difference down the road. Home price, in the mean time, can’t even wait for inflation to go up. Home price will be dropping faster by several fundamental factors than anything that can reflate it…..
April 25, 2009 at 7:14 PM #387781ParticipantAN, that ‘s a very good point to take into consideration inflation. In the short term we are not seeing effective inflation yet but it can be an ugly force that make the difference down the road. Home price, in the mean time, can’t even wait for inflation to go up. Home price will be dropping faster by several fundamental factors than anything that can reflate it…..
April 25, 2009 at 7:14 PM #387921ParticipantAN, that ‘s a very good point to take into consideration inflation. In the short term we are not seeing effective inflation yet but it can be an ugly force that make the difference down the road. Home price, in the mean time, can’t even wait for inflation to go up. Home price will be dropping faster by several fundamental factors than anything that can reflate it…..
April 25, 2009 at 8:28 PM #387303an
Participant[quote=KIBU]AN, that ‘s a very good point to take into consideration inflation. In the short term we are not seeing effective inflation yet but it can be an ugly force that make the difference down the road. Home price, in the mean time, can’t even wait for inflation to go up. Home price will be dropping faster by several fundamental factors than anything that can reflate it….. [/quote]
I wasn’t trying to say inflation will compensate for the short term decline. However, I was concurring with your first post, regarding all these government intervention, causing you to wait longer for the market to get to the bottom. My point then is that, if they keep on prolonging this, inflation might catch up to it. They’re showing that they’d do almost anything to prevent the slide from continuing, so I don’t expect them to stop trying anytime soon. After all, they already lowered rates to 0%. If the government go out and subsidize mortgage at 2%, I would think that would do some damage to the cycle.April 25, 2009 at 8:28 PM #387574Participant[quote=KIBU]AN, that ‘s a very good point to take into consideration inflation. In the short term we are not seeing effective inflation yet but it can be an ugly force that make the difference down the road. Home price, in the mean time, can’t even wait for inflation to go up. Home price will be dropping faster by several fundamental factors than anything that can reflate it….. [/quote]
I wasn’t trying to say inflation will compensate for the short term decline. However, I was concurring with your first post, regarding all these government intervention, causing you to wait longer for the market to get to the bottom. My point then is that, if they keep on prolonging this, inflation might catch up to it. They’re showing that they’d do almost anything to prevent the slide from continuing, so I don’t expect them to stop trying anytime soon. After all, they already lowered rates to 0%. If the government go out and subsidize mortgage at 2%, I would think that would do some damage to the cycle.April 25, 2009 at 8:28 PM #387774Participant[quote=KIBU]AN, that ‘s a very good point to take into consideration inflation. In the short term we are not seeing effective inflation yet but it can be an ugly force that make the difference down the road. Home price, in the mean time, can’t even wait for inflation to go up. Home price will be dropping faster by several fundamental factors than anything that can reflate it….. [/quote]
I wasn’t trying to say inflation will compensate for the short term decline. However, I was concurring with your first post, regarding all these government intervention, causing you to wait longer for the market to get to the bottom. My point then is that, if they keep on prolonging this, inflation might catch up to it. They’re showing that they’d do almost anything to prevent the slide from continuing, so I don’t expect them to stop trying anytime soon. After all, they already lowered rates to 0%. If the government go out and subsidize mortgage at 2%, I would think that would do some damage to the cycle.April 25, 2009 at 8:28 PM #387827Participant[quote=KIBU]AN, that ‘s a very good point to take into consideration inflation. In the short term we are not seeing effective inflation yet but it can be an ugly force that make the difference down the road. Home price, in the mean time, can’t even wait for inflation to go up. Home price will be dropping faster by several fundamental factors than anything that can reflate it….. [/quote]
I wasn’t trying to say inflation will compensate for the short term decline. However, I was concurring with your first post, regarding all these government intervention, causing you to wait longer for the market to get to the bottom. My point then is that, if they keep on prolonging this, inflation might catch up to it. They’re showing that they’d do almost anything to prevent the slide from continuing, so I don’t expect them to stop trying anytime soon. After all, they already lowered rates to 0%. If the government go out and subsidize mortgage at 2%, I would think that would do some damage to the cycle. -
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