[aldante]

Sorry to break up the group hug. SDrealtor are figging serious? You think that there “many more people with money then without”. You are way out there my man. There are less people with a whole lot more money. In case you have not heard our nation has lost 18% wealth. That is the greatest loss ever. This blog used to not be a place for realtors to get new business. But now I guess it is. I find your views completely biased and self serving

[aldante]

Sorry to break up the group hug. SDrealtor are figging serious? You think that there “many more people with money then without”. You are way out there my man. There are less people with a whole lot more money. In case you have not heard our nation has lost 18% wealth. That is the greatest loss ever. This blog used to not be a place for realtors to get new business. But now I guess it is. I find your views completely biased and self serving

[aldante]

Sorry to break up the group hug. SDrealtor are figging serious? You think that there “many more people with money then without”. You are way out there my man. There are less people with a whole lot more money. In case you have not heard our nation has lost 18% wealth. That is the greatest loss ever. This blog used to not be a place for realtors to get new business. But now I guess it is. I find your views completely biased and self serving

[aldante]

From CNBC:

By: Jeff Cox, CNBC.com | 20 Mar 2009 | 02:40 PM ET Text Size Get ready for a Spring housing boom.

A combination of lower interest rates and government efforts to free up credit could result in a flood of homes being put up for sale in the coming weeks.

AP
——————————————————————————–

“We’re seeing a lot of activity with (sellers) starting to kick tires again,” says Alan Rosenbaum, president of GuardHill Financial, a mortgage advisory firm, in New York. “We try to show them the affordability factor. Rather than waiting for rock bottom, the intelligent ones are moving into the marketplace and seeing what’s available.”

While great for potential buyers, the added glut of housing could push prices even lower, further depressing the market. At the same time, it could actually jump-start housing by bringing more home-buyers into the market.

With stimulating the real estate market a principal goal of Washington policymakers, the temptation for buyers and sellers to jump into the market could be irresistible, especially if interest rates stay low.

“The first signs of life you see in home sales you’re going to see met with a lot more inventory,” says Michael Pento, chief economist with Delta Global Advisors. “The last thing you want to do as to add more inventory to an already-oversaturated market.”

[aldante]

From CNBC:

By: Jeff Cox, CNBC.com | 20 Mar 2009 | 02:40 PM ET Text Size Get ready for a Spring housing boom.

A combination of lower interest rates and government efforts to free up credit could result in a flood of homes being put up for sale in the coming weeks.

AP
——————————————————————————–

“We’re seeing a lot of activity with (sellers) starting to kick tires again,” says Alan Rosenbaum, president of GuardHill Financial, a mortgage advisory firm, in New York. “We try to show them the affordability factor. Rather than waiting for rock bottom, the intelligent ones are moving into the marketplace and seeing what’s available.”

While great for potential buyers, the added glut of housing could push prices even lower, further depressing the market. At the same time, it could actually jump-start housing by bringing more home-buyers into the market.

With stimulating the real estate market a principal goal of Washington policymakers, the temptation for buyers and sellers to jump into the market could be irresistible, especially if interest rates stay low.

“The first signs of life you see in home sales you’re going to see met with a lot more inventory,” says Michael Pento, chief economist with Delta Global Advisors. “The last thing you want to do as to add more inventory to an already-oversaturated market.”

[aldante]

From CNBC:

By: Jeff Cox, CNBC.com | 20 Mar 2009 | 02:40 PM ET Text Size Get ready for a Spring housing boom.

A combination of lower interest rates and government efforts to free up credit could result in a flood of homes being put up for sale in the coming weeks.

AP
——————————————————————————–

“We’re seeing a lot of activity with (sellers) starting to kick tires again,” says Alan Rosenbaum, president of GuardHill Financial, a mortgage advisory firm, in New York. “We try to show them the affordability factor. Rather than waiting for rock bottom, the intelligent ones are moving into the marketplace and seeing what’s available.”

While great for potential buyers, the added glut of housing could push prices even lower, further depressing the market. At the same time, it could actually jump-start housing by bringing more home-buyers into the market.

With stimulating the real estate market a principal goal of Washington policymakers, the temptation for buyers and sellers to jump into the market could be irresistible, especially if interest rates stay low.

“The first signs of life you see in home sales you’re going to see met with a lot more inventory,” says Michael Pento, chief economist with Delta Global Advisors. “The last thing you want to do as to add more inventory to an already-oversaturated market.”

[aldante]

From CNBC:

By: Jeff Cox, CNBC.com | 20 Mar 2009 | 02:40 PM ET Text Size Get ready for a Spring housing boom.

A combination of lower interest rates and government efforts to free up credit could result in a flood of homes being put up for sale in the coming weeks.

AP
——————————————————————————–

“We’re seeing a lot of activity with (sellers) starting to kick tires again,” says Alan Rosenbaum, president of GuardHill Financial, a mortgage advisory firm, in New York. “We try to show them the affordability factor. Rather than waiting for rock bottom, the intelligent ones are moving into the marketplace and seeing what’s available.”

While great for potential buyers, the added glut of housing could push prices even lower, further depressing the market. At the same time, it could actually jump-start housing by bringing more home-buyers into the market.

With stimulating the real estate market a principal goal of Washington policymakers, the temptation for buyers and sellers to jump into the market could be irresistible, especially if interest rates stay low.

“The first signs of life you see in home sales you’re going to see met with a lot more inventory,” says Michael Pento, chief economist with Delta Global Advisors. “The last thing you want to do as to add more inventory to an already-oversaturated market.”

[aldante]

From CNBC:

By: Jeff Cox, CNBC.com | 20 Mar 2009 | 02:40 PM ET Text Size Get ready for a Spring housing boom.

A combination of lower interest rates and government efforts to free up credit could result in a flood of homes being put up for sale in the coming weeks.

AP
——————————————————————————–

“We’re seeing a lot of activity with (sellers) starting to kick tires again,” says Alan Rosenbaum, president of GuardHill Financial, a mortgage advisory firm, in New York. “We try to show them the affordability factor. Rather than waiting for rock bottom, the intelligent ones are moving into the marketplace and seeing what’s available.”

While great for potential buyers, the added glut of housing could push prices even lower, further depressing the market. At the same time, it could actually jump-start housing by bringing more home-buyers into the market.

With stimulating the real estate market a principal goal of Washington policymakers, the temptation for buyers and sellers to jump into the market could be irresistible, especially if interest rates stay low.

“The first signs of life you see in home sales you’re going to see met with a lot more inventory,” says Michael Pento, chief economist with Delta Global Advisors. “The last thing you want to do as to add more inventory to an already-oversaturated market.”

[aldante]

[quote=SD Realtor]CAR you are a smart cookie. I think though that in some cases you have make a better assessment of the time value of money. Remember that there are costs associated with the bank holding the properties, possibile legal issues, brokerage fees to sell it etc… Also in this particular situation you are totally ignoring the liquidity needs of the lending entity. Finally I believe we have already seen that it is not possible to dump all the properties on the open market as it may crash it.

Now in theory YES I agree with you 100 percent. I even agree with the proposal that you put forth. However it makes to much sense. It also levels the playing field. Look it if “could” happen, that is, if the government really wanted to look out for all people rather then just looking out for Wall St, then yes this is the right way to do it.

However, in the world we live in, I think the next best thing is to let more rich Wall St guys get alot richer. Let the banks liquidate to investors, then bail the banks out, then the investors make more money over time on the properties they bought in bulk.

Sad but…I guess it how it will go. [/quote]

That thinking is the problem “crash the market” is more important then ripping mom and pop off. I am so tired of people saying how unimportant “moral hazard” is. I know that cash is king bulk gets better prices………but show the transaction!!!!!

[aldante]

[quote=SD Realtor]CAR you are a smart cookie. I think though that in some cases you have make a better assessment of the time value of money. Remember that there are costs associated with the bank holding the properties, possibile legal issues, brokerage fees to sell it etc… Also in this particular situation you are totally ignoring the liquidity needs of the lending entity. Finally I believe we have already seen that it is not possible to dump all the properties on the open market as it may crash it.

Now in theory YES I agree with you 100 percent. I even agree with the proposal that you put forth. However it makes to much sense. It also levels the playing field. Look it if “could” happen, that is, if the government really wanted to look out for all people rather then just looking out for Wall St, then yes this is the right way to do it.

However, in the world we live in, I think the next best thing is to let more rich Wall St guys get alot richer. Let the banks liquidate to investors, then bail the banks out, then the investors make more money over time on the properties they bought in bulk.

Sad but…I guess it how it will go. [/quote]

That thinking is the problem “crash the market” is more important then ripping mom and pop off. I am so tired of people saying how unimportant “moral hazard” is. I know that cash is king bulk gets better prices………but show the transaction!!!!!

[aldante]

[quote=SD Realtor]CAR you are a smart cookie. I think though that in some cases you have make a better assessment of the time value of money. Remember that there are costs associated with the bank holding the properties, possibile legal issues, brokerage fees to sell it etc… Also in this particular situation you are totally ignoring the liquidity needs of the lending entity. Finally I believe we have already seen that it is not possible to dump all the properties on the open market as it may crash it.

Now in theory YES I agree with you 100 percent. I even agree with the proposal that you put forth. However it makes to much sense. It also levels the playing field. Look it if “could” happen, that is, if the government really wanted to look out for all people rather then just looking out for Wall St, then yes this is the right way to do it.

However, in the world we live in, I think the next best thing is to let more rich Wall St guys get alot richer. Let the banks liquidate to investors, then bail the banks out, then the investors make more money over time on the properties they bought in bulk.

Sad but…I guess it how it will go. [/quote]

That thinking is the problem “crash the market” is more important then ripping mom and pop off. I am so tired of people saying how unimportant “moral hazard” is. I know that cash is king bulk gets better prices………but show the transaction!!!!!

[aldante]

[quote=SD Realtor]CAR you are a smart cookie. I think though that in some cases you have make a better assessment of the time value of money. Remember that there are costs associated with the bank holding the properties, possibile legal issues, brokerage fees to sell it etc… Also in this particular situation you are totally ignoring the liquidity needs of the lending entity. Finally I believe we have already seen that it is not possible to dump all the properties on the open market as it may crash it.

Now in theory YES I agree with you 100 percent. I even agree with the proposal that you put forth. However it makes to much sense. It also levels the playing field. Look it if “could” happen, that is, if the government really wanted to look out for all people rather then just looking out for Wall St, then yes this is the right way to do it.

However, in the world we live in, I think the next best thing is to let more rich Wall St guys get alot richer. Let the banks liquidate to investors, then bail the banks out, then the investors make more money over time on the properties they bought in bulk.

Sad but…I guess it how it will go. [/quote]

That thinking is the problem “crash the market” is more important then ripping mom and pop off. I am so tired of people saying how unimportant “moral hazard” is. I know that cash is king bulk gets better prices………but show the transaction!!!!!

[aldante]

[quote=SD Realtor]CAR you are a smart cookie. I think though that in some cases you have make a better assessment of the time value of money. Remember that there are costs associated with the bank holding the properties, possibile legal issues, brokerage fees to sell it etc… Also in this particular situation you are totally ignoring the liquidity needs of the lending entity. Finally I believe we have already seen that it is not possible to dump all the properties on the open market as it may crash it.

Now in theory YES I agree with you 100 percent. I even agree with the proposal that you put forth. However it makes to much sense. It also levels the playing field. Look it if “could” happen, that is, if the government really wanted to look out for all people rather then just looking out for Wall St, then yes this is the right way to do it.

However, in the world we live in, I think the next best thing is to let more rich Wall St guys get alot richer. Let the banks liquidate to investors, then bail the banks out, then the investors make more money over time on the properties they bought in bulk.

Sad but…I guess it how it will go. [/quote]

That thinking is the problem “crash the market” is more important then ripping mom and pop off. I am so tired of people saying how unimportant “moral hazard” is. I know that cash is king bulk gets better prices………but show the transaction!!!!!

[aldante]

My point is that the price should be recorded.

[aldante]

My point is that the price should be recorded.

[Author]

Posts