- This topic has 175 replies, 18 voices, and was last updated 15 years, 7 months ago by 5yearwaiter.
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September 26, 2008 at 11:12 PM #276611September 27, 2008 at 12:31 AM #276312CA renterParticipant
“The government will not write-off principal without homeowners giving up present or future equity. You’d have to be an idiot to agree. Better to walk away and be done with it.”
——————The funny thing about this is we were all told that houses should be for “living in”, not making money.
The equity-sharing is absolutely necessary to prevent the neighbors (who could afford their payments) from trying to bail on their mortgages as well.
Besides, these borrowers should be grateful for getting reduced payments! What’s surprising to me was all the whining that FBs were doing about this portion of the principal-reduction plan. As if they are owed something!!!! I say they ought to be tossed in the streets if they don’t show some gratitude for all the effort going into “saving their homes”.
September 27, 2008 at 12:31 AM #276564CA renterParticipant“The government will not write-off principal without homeowners giving up present or future equity. You’d have to be an idiot to agree. Better to walk away and be done with it.”
——————The funny thing about this is we were all told that houses should be for “living in”, not making money.
The equity-sharing is absolutely necessary to prevent the neighbors (who could afford their payments) from trying to bail on their mortgages as well.
Besides, these borrowers should be grateful for getting reduced payments! What’s surprising to me was all the whining that FBs were doing about this portion of the principal-reduction plan. As if they are owed something!!!! I say they ought to be tossed in the streets if they don’t show some gratitude for all the effort going into “saving their homes”.
September 27, 2008 at 12:31 AM #276580CA renterParticipant“The government will not write-off principal without homeowners giving up present or future equity. You’d have to be an idiot to agree. Better to walk away and be done with it.”
——————The funny thing about this is we were all told that houses should be for “living in”, not making money.
The equity-sharing is absolutely necessary to prevent the neighbors (who could afford their payments) from trying to bail on their mortgages as well.
Besides, these borrowers should be grateful for getting reduced payments! What’s surprising to me was all the whining that FBs were doing about this portion of the principal-reduction plan. As if they are owed something!!!! I say they ought to be tossed in the streets if they don’t show some gratitude for all the effort going into “saving their homes”.
September 27, 2008 at 12:31 AM #276617CA renterParticipant“The government will not write-off principal without homeowners giving up present or future equity. You’d have to be an idiot to agree. Better to walk away and be done with it.”
——————The funny thing about this is we were all told that houses should be for “living in”, not making money.
The equity-sharing is absolutely necessary to prevent the neighbors (who could afford their payments) from trying to bail on their mortgages as well.
Besides, these borrowers should be grateful for getting reduced payments! What’s surprising to me was all the whining that FBs were doing about this portion of the principal-reduction plan. As if they are owed something!!!! I say they ought to be tossed in the streets if they don’t show some gratitude for all the effort going into “saving their homes”.
September 27, 2008 at 12:31 AM #276631CA renterParticipant“The government will not write-off principal without homeowners giving up present or future equity. You’d have to be an idiot to agree. Better to walk away and be done with it.”
——————The funny thing about this is we were all told that houses should be for “living in”, not making money.
The equity-sharing is absolutely necessary to prevent the neighbors (who could afford their payments) from trying to bail on their mortgages as well.
Besides, these borrowers should be grateful for getting reduced payments! What’s surprising to me was all the whining that FBs were doing about this portion of the principal-reduction plan. As if they are owed something!!!! I say they ought to be tossed in the streets if they don’t show some gratitude for all the effort going into “saving their homes”.
September 27, 2008 at 9:04 PM #2764935yearwaiterParticipant[quote=SD Realtor]
Again, I am not saying that housing will not go down because it will. However I just am backing off calling for a bottom because I believe we will see a socialized lending industry and housing market. I hope I am wrong.
The last offer I made was the home I was in escrow in back in July. Right now the inventory is more then poor with respect to what I am looking for. I do have my eye on a home that is currently in default and will be approaching the homeowner in a few weeks.
[/quote]Hi SE Realtor..
What is your final word towards this? Just give a line or two answer appreciated.
How much you predict of price Decline in SD for the coming 6 months?
Are we still far from Bottom or we are touched almost the Bottom?
September 27, 2008 at 9:04 PM #2767495yearwaiterParticipant[quote=SD Realtor]
Again, I am not saying that housing will not go down because it will. However I just am backing off calling for a bottom because I believe we will see a socialized lending industry and housing market. I hope I am wrong.
The last offer I made was the home I was in escrow in back in July. Right now the inventory is more then poor with respect to what I am looking for. I do have my eye on a home that is currently in default and will be approaching the homeowner in a few weeks.
[/quote]Hi SE Realtor..
What is your final word towards this? Just give a line or two answer appreciated.
How much you predict of price Decline in SD for the coming 6 months?
Are we still far from Bottom or we are touched almost the Bottom?
September 27, 2008 at 9:04 PM #2767675yearwaiterParticipant[quote=SD Realtor]
Again, I am not saying that housing will not go down because it will. However I just am backing off calling for a bottom because I believe we will see a socialized lending industry and housing market. I hope I am wrong.
The last offer I made was the home I was in escrow in back in July. Right now the inventory is more then poor with respect to what I am looking for. I do have my eye on a home that is currently in default and will be approaching the homeowner in a few weeks.
[/quote]Hi SE Realtor..
What is your final word towards this? Just give a line or two answer appreciated.
How much you predict of price Decline in SD for the coming 6 months?
Are we still far from Bottom or we are touched almost the Bottom?
September 27, 2008 at 9:04 PM #2768015yearwaiterParticipant[quote=SD Realtor]
Again, I am not saying that housing will not go down because it will. However I just am backing off calling for a bottom because I believe we will see a socialized lending industry and housing market. I hope I am wrong.
The last offer I made was the home I was in escrow in back in July. Right now the inventory is more then poor with respect to what I am looking for. I do have my eye on a home that is currently in default and will be approaching the homeowner in a few weeks.
[/quote]Hi SE Realtor..
What is your final word towards this? Just give a line or two answer appreciated.
How much you predict of price Decline in SD for the coming 6 months?
Are we still far from Bottom or we are touched almost the Bottom?
September 27, 2008 at 9:04 PM #2768155yearwaiterParticipant[quote=SD Realtor]
Again, I am not saying that housing will not go down because it will. However I just am backing off calling for a bottom because I believe we will see a socialized lending industry and housing market. I hope I am wrong.
The last offer I made was the home I was in escrow in back in July. Right now the inventory is more then poor with respect to what I am looking for. I do have my eye on a home that is currently in default and will be approaching the homeowner in a few weeks.
[/quote]Hi SE Realtor..
What is your final word towards this? Just give a line or two answer appreciated.
How much you predict of price Decline in SD for the coming 6 months?
Are we still far from Bottom or we are touched almost the Bottom?
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