What the Rate Freeze Cheerleaders need to hear…

[bobby]

yup. I agree with araya.
as long as it doesn’t involve tax money in this “bail out”, I don’t care if interest rate if frozen or vaporized.
the banks will be even more careful than needed when lending out money now. i.e less buyers and decreased price.
market forces are still at work.

[TheBreeze]

Yeah, this is actually a pretty good plan. The politicians get to look like they’re doing something and no taxpayer money is involved. This is possibly the most intelligent thing the Bush administration has ever done. I wish politicians always came up with plans like this. Could you imagine how much better off we’d be if Bush was still talking about invading Iraq instead of actually having done it?

I kind of wonder if this plan wasn’t floated out there to get the public’s reaction. If the public had clamored for a bigger bailout, then Paulson probably would have floated a new plan that involved taxpayer monies. As it is, it looks like the public is against a bailout so maybe a huge taxpayer-funded bailout won’t happen.

Of course, I also wonder if this plan isn’t just a destraction. The real bailout may be happening out of site with the changing of how the GSEs, the FHA, and the Federal Home Loan Banks operate.

[TheBreeze]

Yeah, this is actually a pretty good plan. The politicians get to look like they’re doing something and no taxpayer money is involved. This is possibly the most intelligent thing the Bush administration has ever done. I wish politicians always came up with plans like this. Could you imagine how much better off we’d be if Bush was still talking about invading Iraq instead of actually having done it?

I kind of wonder if this plan wasn’t floated out there to get the public’s reaction. If the public had clamored for a bigger bailout, then Paulson probably would have floated a new plan that involved taxpayer monies. As it is, it looks like the public is against a bailout so maybe a huge taxpayer-funded bailout won’t happen.

Of course, I also wonder if this plan isn’t just a destraction. The real bailout may be happening out of site with the changing of how the GSEs, the FHA, and the Federal Home Loan Banks operate.

[TheBreeze]

Yeah, this is actually a pretty good plan. The politicians get to look like they’re doing something and no taxpayer money is involved. This is possibly the most intelligent thing the Bush administration has ever done. I wish politicians always came up with plans like this. Could you imagine how much better off we’d be if Bush was still talking about invading Iraq instead of actually having done it?

I kind of wonder if this plan wasn’t floated out there to get the public’s reaction. If the public had clamored for a bigger bailout, then Paulson probably would have floated a new plan that involved taxpayer monies. As it is, it looks like the public is against a bailout so maybe a huge taxpayer-funded bailout won’t happen.

Of course, I also wonder if this plan isn’t just a destraction. The real bailout may be happening out of site with the changing of how the GSEs, the FHA, and the Federal Home Loan Banks operate.

[TheBreeze]

Yeah, this is actually a pretty good plan. The politicians get to look like they’re doing something and no taxpayer money is involved. This is possibly the most intelligent thing the Bush administration has ever done. I wish politicians always came up with plans like this. Could you imagine how much better off we’d be if Bush was still talking about invading Iraq instead of actually having done it?

I kind of wonder if this plan wasn’t floated out there to get the public’s reaction. If the public had clamored for a bigger bailout, then Paulson probably would have floated a new plan that involved taxpayer monies. As it is, it looks like the public is against a bailout so maybe a huge taxpayer-funded bailout won’t happen.

Of course, I also wonder if this plan isn’t just a destraction. The real bailout may be happening out of site with the changing of how the GSEs, the FHA, and the Federal Home Loan Banks operate.

[TheBreeze]

Yeah, this is actually a pretty good plan. The politicians get to look like they’re doing something and no taxpayer money is involved. This is possibly the most intelligent thing the Bush administration has ever done. I wish politicians always came up with plans like this. Could you imagine how much better off we’d be if Bush was still talking about invading Iraq instead of actually having done it?

I kind of wonder if this plan wasn’t floated out there to get the public’s reaction. If the public had clamored for a bigger bailout, then Paulson probably would have floated a new plan that involved taxpayer monies. As it is, it looks like the public is against a bailout so maybe a huge taxpayer-funded bailout won’t happen.

Of course, I also wonder if this plan isn’t just a destraction. The real bailout may be happening out of site with the changing of how the GSEs, the FHA, and the Federal Home Loan Banks operate.

[CAwireman]

Really good posts, esp Coop and R Science

The freeze could be largely symbolic and political.

Too much downward real and psychological pressure may be
in effect to bring this aircraft out of a nose dive.

Its a measured act of desperation. If the govt wasn’t frightened, the plan wouldn’t have been floated. Its presence merely confirms what we’ve been batting around here for years, loose and deceptive lending by the banks, and reckless spending by home buyers have aligned and the result is dire.

Look at Rich’s report on the September Case-Shiller numbers. Those look bad. Look at the slope of the three tiers. None of those look good. And, they only show activity thru September. Any bets on Oct, Nov, Dec, or in 2008?

We went looking at homes to keep our feelers out last weekend. A seller in CV had listed a home for ~$835K. The down-the-street neighbors who waited for us outside and who also viewed the home, stopped us and said they are selling the same model of home for more like $730K (or lower w/o agents ~$700K?) On the same street, similar model home prices vary by $100K OR MORE!

The mortgage freeze isn’t going to have any significant affect on this market, IMHO. It will continue spiral down.

HiggyBaby

[CAwireman]

Really good posts, esp Coop and R Science

The freeze could be largely symbolic and political.

Too much downward real and psychological pressure may be
in effect to bring this aircraft out of a nose dive.

Its a measured act of desperation. If the govt wasn’t frightened, the plan wouldn’t have been floated. Its presence merely confirms what we’ve been batting around here for years, loose and deceptive lending by the banks, and reckless spending by home buyers have aligned and the result is dire.

Look at Rich’s report on the September Case-Shiller numbers. Those look bad. Look at the slope of the three tiers. None of those look good. And, they only show activity thru September. Any bets on Oct, Nov, Dec, or in 2008?

We went looking at homes to keep our feelers out last weekend. A seller in CV had listed a home for ~$835K. The down-the-street neighbors who waited for us outside and who also viewed the home, stopped us and said they are selling the same model of home for more like $730K (or lower w/o agents ~$700K?) On the same street, similar model home prices vary by $100K OR MORE!

The mortgage freeze isn’t going to have any significant affect on this market, IMHO. It will continue spiral down.

HiggyBaby

[CAwireman]

Really good posts, esp Coop and R Science

The freeze could be largely symbolic and political.

Too much downward real and psychological pressure may be
in effect to bring this aircraft out of a nose dive.

Its a measured act of desperation. If the govt wasn’t frightened, the plan wouldn’t have been floated. Its presence merely confirms what we’ve been batting around here for years, loose and deceptive lending by the banks, and reckless spending by home buyers have aligned and the result is dire.

Look at Rich’s report on the September Case-Shiller numbers. Those look bad. Look at the slope of the three tiers. None of those look good. And, they only show activity thru September. Any bets on Oct, Nov, Dec, or in 2008?

We went looking at homes to keep our feelers out last weekend. A seller in CV had listed a home for ~$835K. The down-the-street neighbors who waited for us outside and who also viewed the home, stopped us and said they are selling the same model of home for more like $730K (or lower w/o agents ~$700K?) On the same street, similar model home prices vary by $100K OR MORE!

The mortgage freeze isn’t going to have any significant affect on this market, IMHO. It will continue spiral down.

HiggyBaby

[CAwireman]

Really good posts, esp Coop and R Science

The freeze could be largely symbolic and political.

Too much downward real and psychological pressure may be
in effect to bring this aircraft out of a nose dive.

Its a measured act of desperation. If the govt wasn’t frightened, the plan wouldn’t have been floated. Its presence merely confirms what we’ve been batting around here for years, loose and deceptive lending by the banks, and reckless spending by home buyers have aligned and the result is dire.

Look at Rich’s report on the September Case-Shiller numbers. Those look bad. Look at the slope of the three tiers. None of those look good. And, they only show activity thru September. Any bets on Oct, Nov, Dec, or in 2008?

We went looking at homes to keep our feelers out last weekend. A seller in CV had listed a home for ~$835K. The down-the-street neighbors who waited for us outside and who also viewed the home, stopped us and said they are selling the same model of home for more like $730K (or lower w/o agents ~$700K?) On the same street, similar model home prices vary by $100K OR MORE!

The mortgage freeze isn’t going to have any significant affect on this market, IMHO. It will continue spiral down.

HiggyBaby

[CAwireman]

Really good posts, esp Coop and R Science

The freeze could be largely symbolic and political.

Too much downward real and psychological pressure may be
in effect to bring this aircraft out of a nose dive.

Its a measured act of desperation. If the govt wasn’t frightened, the plan wouldn’t have been floated. Its presence merely confirms what we’ve been batting around here for years, loose and deceptive lending by the banks, and reckless spending by home buyers have aligned and the result is dire.

Look at Rich’s report on the September Case-Shiller numbers. Those look bad. Look at the slope of the three tiers. None of those look good. And, they only show activity thru September. Any bets on Oct, Nov, Dec, or in 2008?

We went looking at homes to keep our feelers out last weekend. A seller in CV had listed a home for ~$835K. The down-the-street neighbors who waited for us outside and who also viewed the home, stopped us and said they are selling the same model of home for more like $730K (or lower w/o agents ~$700K?) On the same street, similar model home prices vary by $100K OR MORE!

The mortgage freeze isn’t going to have any significant affect on this market, IMHO. It will continue spiral down.

HiggyBaby

[SD Realtor]

I got to sneak out and play hockey today… the big conversation amongst the men was this bailout…lots of angst because this crew of guys are all pretty well educated and prudent… most are homeowners although some are renters. In all cases they are all fiscally responsible and everyone was pretty pissed off about the entire shmear…

I am sure you guys have all heard the infamous rumor about Paulson joining the Bush team for future immunity when it is found that GS hoodwinked investors… That one made me laugh today.

At any rate I couldn’t agree more about all of this being

a – about getting votes,
b – having nothing to do with helping people
c – most likely to be challenged by investors
d – not applicable to many people
e – not really having any major effect on the slide

However as you all know it all does piss me off. Furthermore I think maybe perhaps the backlash to it is something I underestimated which is a very good thing.

Still I am worried about it and the future ploys, announcements, schemes… whatever you want to call them. As long as there are people like Dodd, Schumer, Hillary, Paulson, and others… there will be pandering to lowest common denominator.

SD Realtor

[SD Realtor]

I got to sneak out and play hockey today… the big conversation amongst the men was this bailout…lots of angst because this crew of guys are all pretty well educated and prudent… most are homeowners although some are renters. In all cases they are all fiscally responsible and everyone was pretty pissed off about the entire shmear…

I am sure you guys have all heard the infamous rumor about Paulson joining the Bush team for future immunity when it is found that GS hoodwinked investors… That one made me laugh today.

At any rate I couldn’t agree more about all of this being

a – about getting votes,
b – having nothing to do with helping people
c – most likely to be challenged by investors
d – not applicable to many people
e – not really having any major effect on the slide

However as you all know it all does piss me off. Furthermore I think maybe perhaps the backlash to it is something I underestimated which is a very good thing.

Still I am worried about it and the future ploys, announcements, schemes… whatever you want to call them. As long as there are people like Dodd, Schumer, Hillary, Paulson, and others… there will be pandering to lowest common denominator.

SD Realtor

[SD Realtor]

I got to sneak out and play hockey today… the big conversation amongst the men was this bailout…lots of angst because this crew of guys are all pretty well educated and prudent… most are homeowners although some are renters. In all cases they are all fiscally responsible and everyone was pretty pissed off about the entire shmear…

I am sure you guys have all heard the infamous rumor about Paulson joining the Bush team for future immunity when it is found that GS hoodwinked investors… That one made me laugh today.

At any rate I couldn’t agree more about all of this being

a – about getting votes,
b – having nothing to do with helping people
c – most likely to be challenged by investors
d – not applicable to many people
e – not really having any major effect on the slide

However as you all know it all does piss me off. Furthermore I think maybe perhaps the backlash to it is something I underestimated which is a very good thing.

Still I am worried about it and the future ploys, announcements, schemes… whatever you want to call them. As long as there are people like Dodd, Schumer, Hillary, Paulson, and others… there will be pandering to lowest common denominator.

SD Realtor

[SD Realtor]

I got to sneak out and play hockey today… the big conversation amongst the men was this bailout…lots of angst because this crew of guys are all pretty well educated and prudent… most are homeowners although some are renters. In all cases they are all fiscally responsible and everyone was pretty pissed off about the entire shmear…

I am sure you guys have all heard the infamous rumor about Paulson joining the Bush team for future immunity when it is found that GS hoodwinked investors… That one made me laugh today.

At any rate I couldn’t agree more about all of this being

a – about getting votes,
b – having nothing to do with helping people
c – most likely to be challenged by investors
d – not applicable to many people
e – not really having any major effect on the slide

However as you all know it all does piss me off. Furthermore I think maybe perhaps the backlash to it is something I underestimated which is a very good thing.

Still I am worried about it and the future ploys, announcements, schemes… whatever you want to call them. As long as there are people like Dodd, Schumer, Hillary, Paulson, and others… there will be pandering to lowest common denominator.

SD Realtor

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