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rocket science.
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January 30, 2009 at 10:24 PM #339670January 30, 2009 at 10:43 PM #339142
bsrsharma
ParticipantVery sensible article. Unfortunately, common sense is completely lacking in our national leadership.
I think the fundamental problem US is facing is this: A lot of wealth was wasted; We thought we were rich; now, we are too scared to accept the law of arithmetic that is saying we are no longer rich. It is especially hard for our national leaders to tell the citizens that we, as a nation, are bankrupt.
January 30, 2009 at 10:43 PM #339469ParticipantVery sensible article. Unfortunately, common sense is completely lacking in our national leadership.
I think the fundamental problem US is facing is this: A lot of wealth was wasted; We thought we were rich; now, we are too scared to accept the law of arithmetic that is saying we are no longer rich. It is especially hard for our national leaders to tell the citizens that we, as a nation, are bankrupt.
January 30, 2009 at 10:43 PM #339563ParticipantVery sensible article. Unfortunately, common sense is completely lacking in our national leadership.
I think the fundamental problem US is facing is this: A lot of wealth was wasted; We thought we were rich; now, we are too scared to accept the law of arithmetic that is saying we are no longer rich. It is especially hard for our national leaders to tell the citizens that we, as a nation, are bankrupt.
January 30, 2009 at 10:43 PM #339591ParticipantVery sensible article. Unfortunately, common sense is completely lacking in our national leadership.
I think the fundamental problem US is facing is this: A lot of wealth was wasted; We thought we were rich; now, we are too scared to accept the law of arithmetic that is saying we are no longer rich. It is especially hard for our national leaders to tell the citizens that we, as a nation, are bankrupt.
January 30, 2009 at 10:43 PM #339685ParticipantVery sensible article. Unfortunately, common sense is completely lacking in our national leadership.
I think the fundamental problem US is facing is this: A lot of wealth was wasted; We thought we were rich; now, we are too scared to accept the law of arithmetic that is saying we are no longer rich. It is especially hard for our national leaders to tell the citizens that we, as a nation, are bankrupt.
January 31, 2009 at 12:32 AM #339192CA renter
ParticipantExcellent article!
Indeed, foreclosures are a gift to over-encumbered borrowers.
The key to living within one’s means is keeping fixed costs low. Housing costs are usually the largest component of a family’s fixed expenses. If housing prices are low, families will have more disposable income to spend in the real economy (or save/invest!).
The sooner we get this over with, the better.
January 31, 2009 at 12:32 AM #339519ParticipantExcellent article!
Indeed, foreclosures are a gift to over-encumbered borrowers.
The key to living within one’s means is keeping fixed costs low. Housing costs are usually the largest component of a family’s fixed expenses. If housing prices are low, families will have more disposable income to spend in the real economy (or save/invest!).
The sooner we get this over with, the better.
January 31, 2009 at 12:32 AM #339614ParticipantExcellent article!
Indeed, foreclosures are a gift to over-encumbered borrowers.
The key to living within one’s means is keeping fixed costs low. Housing costs are usually the largest component of a family’s fixed expenses. If housing prices are low, families will have more disposable income to spend in the real economy (or save/invest!).
The sooner we get this over with, the better.
January 31, 2009 at 12:32 AM #339641ParticipantExcellent article!
Indeed, foreclosures are a gift to over-encumbered borrowers.
The key to living within one’s means is keeping fixed costs low. Housing costs are usually the largest component of a family’s fixed expenses. If housing prices are low, families will have more disposable income to spend in the real economy (or save/invest!).
The sooner we get this over with, the better.
January 31, 2009 at 12:32 AM #339735ParticipantExcellent article!
Indeed, foreclosures are a gift to over-encumbered borrowers.
The key to living within one’s means is keeping fixed costs low. Housing costs are usually the largest component of a family’s fixed expenses. If housing prices are low, families will have more disposable income to spend in the real economy (or save/invest!).
The sooner we get this over with, the better.
January 31, 2009 at 6:43 AM #3392324plexowner
Participant“Toxic financing abruptly stopped during the spring of 2007. By that summer, there were no more 100% financing, negative amortization option ARMs, piggyback seconds, or the now-infamous NINJA (no income no job no assets) loans.”
he forgot to mention that affordable jumbo loans have become a thing of the past
it would be interesting to hear Ramsey’s take on how the lack of jumbo loans will affect SoCal’s high end markets
January 31, 2009 at 6:43 AM #339559Participant“Toxic financing abruptly stopped during the spring of 2007. By that summer, there were no more 100% financing, negative amortization option ARMs, piggyback seconds, or the now-infamous NINJA (no income no job no assets) loans.”
he forgot to mention that affordable jumbo loans have become a thing of the past
it would be interesting to hear Ramsey’s take on how the lack of jumbo loans will affect SoCal’s high end markets
January 31, 2009 at 6:43 AM #339653Participant“Toxic financing abruptly stopped during the spring of 2007. By that summer, there were no more 100% financing, negative amortization option ARMs, piggyback seconds, or the now-infamous NINJA (no income no job no assets) loans.”
he forgot to mention that affordable jumbo loans have become a thing of the past
it would be interesting to hear Ramsey’s take on how the lack of jumbo loans will affect SoCal’s high end markets
January 31, 2009 at 6:43 AM #339681Participant“Toxic financing abruptly stopped during the spring of 2007. By that summer, there were no more 100% financing, negative amortization option ARMs, piggyback seconds, or the now-infamous NINJA (no income no job no assets) loans.”
he forgot to mention that affordable jumbo loans have become a thing of the past
it would be interesting to hear Ramsey’s take on how the lack of jumbo loans will affect SoCal’s high end markets
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