Where would we be now without the bailout?

[Mean Reversion]

We’ll never know for sure. What I do know for sure is that our government is pretty clueless and idiotic.

I ask them one question. Where is the bailout for the responsible and the prudent who chose to rent because housing affordability was at an all time low due to funny money? Can we apply for a few months rent credit?

[SD Realtor]

Debtors prison… good way to put it radelow. I have to clients looking for homes in Kensington/Mission Hills/Hillcrest… Big declines in that area as well though the homes were all WAY overpriced to begin with.

SD Realtor

[SD Realtor]

Debtors prison… good way to put it radelow. I have to clients looking for homes in Kensington/Mission Hills/Hillcrest… Big declines in that area as well though the homes were all WAY overpriced to begin with.

SD Realtor

[SD Realtor]

Debtors prison… good way to put it radelow. I have to clients looking for homes in Kensington/Mission Hills/Hillcrest… Big declines in that area as well though the homes were all WAY overpriced to begin with.

SD Realtor

[SD Realtor]

Debtors prison… good way to put it radelow. I have to clients looking for homes in Kensington/Mission Hills/Hillcrest… Big declines in that area as well though the homes were all WAY overpriced to begin with.

SD Realtor

[SD Realtor]

Debtors prison… good way to put it radelow. I have to clients looking for homes in Kensington/Mission Hills/Hillcrest… Big declines in that area as well though the homes were all WAY overpriced to begin with.

SD Realtor

[kewp]

I think its going to have very little effect, mostly on marginal cases.

Its not going to help folks carrying investment properties, lose their job or are so far underwater that its in their best interest to toss the keys.

I actually don’t have a problem with the ‘bailout’ efforts to date, they people that benefit are going to be stuck paying interest on a depreciating asset for at least the next decade. They would have been better off renting.

[kewp]

I think its going to have very little effect, mostly on marginal cases.

Its not going to help folks carrying investment properties, lose their job or are so far underwater that its in their best interest to toss the keys.

I actually don’t have a problem with the ‘bailout’ efforts to date, they people that benefit are going to be stuck paying interest on a depreciating asset for at least the next decade. They would have been better off renting.

[kewp]

I think its going to have very little effect, mostly on marginal cases.

Its not going to help folks carrying investment properties, lose their job or are so far underwater that its in their best interest to toss the keys.

I actually don’t have a problem with the ‘bailout’ efforts to date, they people that benefit are going to be stuck paying interest on a depreciating asset for at least the next decade. They would have been better off renting.

[kewp]

I think its going to have very little effect, mostly on marginal cases.

Its not going to help folks carrying investment properties, lose their job or are so far underwater that its in their best interest to toss the keys.

I actually don’t have a problem with the ‘bailout’ efforts to date, they people that benefit are going to be stuck paying interest on a depreciating asset for at least the next decade. They would have been better off renting.

[kewp]

I think its going to have very little effect, mostly on marginal cases.

Its not going to help folks carrying investment properties, lose their job or are so far underwater that its in their best interest to toss the keys.

I actually don’t have a problem with the ‘bailout’ efforts to date, they people that benefit are going to be stuck paying interest on a depreciating asset for at least the next decade. They would have been better off renting.

[cr]

Really it’s a negative for the bank, but better than having another REO. The bigger benefit is for the family, as long as they can still afford the increase.

However the longer term effects are much more negative.

Artifically propping up prices/values above market value, prices out a segement of potential buyers and forces banks to make up for the money elsewhere i.e. higher rates on future loans. This will delay buying decisions, slow the correction, drag out the recession, and ultimately drive prices down even longer.

Hopefully the people now paying in this case $300 more won’t have the source of income hit by the resultant recession or they’ll likely end up in foreclosure anyway.

Of course you can’t expect politicians to ever see beyond the next Super Tuesday.

[cr]

Really it’s a negative for the bank, but better than having another REO. The bigger benefit is for the family, as long as they can still afford the increase.

However the longer term effects are much more negative.

Artifically propping up prices/values above market value, prices out a segement of potential buyers and forces banks to make up for the money elsewhere i.e. higher rates on future loans. This will delay buying decisions, slow the correction, drag out the recession, and ultimately drive prices down even longer.

Hopefully the people now paying in this case $300 more won’t have the source of income hit by the resultant recession or they’ll likely end up in foreclosure anyway.

Of course you can’t expect politicians to ever see beyond the next Super Tuesday.

[cr]

Really it’s a negative for the bank, but better than having another REO. The bigger benefit is for the family, as long as they can still afford the increase.

However the longer term effects are much more negative.

Artifically propping up prices/values above market value, prices out a segement of potential buyers and forces banks to make up for the money elsewhere i.e. higher rates on future loans. This will delay buying decisions, slow the correction, drag out the recession, and ultimately drive prices down even longer.

Hopefully the people now paying in this case $300 more won’t have the source of income hit by the resultant recession or they’ll likely end up in foreclosure anyway.

Of course you can’t expect politicians to ever see beyond the next Super Tuesday.

[cr]

Really it’s a negative for the bank, but better than having another REO. The bigger benefit is for the family, as long as they can still afford the increase.

However the longer term effects are much more negative.

Artifically propping up prices/values above market value, prices out a segement of potential buyers and forces banks to make up for the money elsewhere i.e. higher rates on future loans. This will delay buying decisions, slow the correction, drag out the recession, and ultimately drive prices down even longer.

Hopefully the people now paying in this case $300 more won’t have the source of income hit by the resultant recession or they’ll likely end up in foreclosure anyway.

Of course you can’t expect politicians to ever see beyond the next Super Tuesday.

[Author]

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