Forum Replies Created
-
AuthorPosts
-
September 23, 2010 at 6:22 PM in reply to: FHA ‘Short-Refi Program’ debt relief for underwater homeowners #608648September 23, 2010 at 6:22 PM in reply to: FHA ‘Short-Refi Program’ debt relief for underwater homeowners #608735
BigGovernmentIsGood
Participant[quote=jficquette]I am serious when I say this. They need to bring back the no doc loans but require 20-25% down.
Rinse repeat.
John[/quote]
Who’s ‘they’? The government?
September 23, 2010 at 6:22 PM in reply to: FHA ‘Short-Refi Program’ debt relief for underwater homeowners #609288Participant[quote=jficquette]I am serious when I say this. They need to bring back the no doc loans but require 20-25% down.
Rinse repeat.
John[/quote]
Who’s ‘they’? The government?
September 23, 2010 at 6:22 PM in reply to: FHA ‘Short-Refi Program’ debt relief for underwater homeowners #609398Participant[quote=jficquette]I am serious when I say this. They need to bring back the no doc loans but require 20-25% down.
Rinse repeat.
John[/quote]
Who’s ‘they’? The government?
September 23, 2010 at 6:22 PM in reply to: FHA ‘Short-Refi Program’ debt relief for underwater homeowners #609719Participant[quote=jficquette]I am serious when I say this. They need to bring back the no doc loans but require 20-25% down.
Rinse repeat.
John[/quote]
Who’s ‘they’? The government?
ParticipantThe problem (at least if you are a buyer) is that the government has all kinds of tricks they can use to prop up the market. The government can encourage more zero-down loans, the Fed can buy $1 trillion in MBS at the drop of a hat, the Treasury can encourage banks to continue to hold on to all that inventory, the government can continue to suspend mark-to-market, and on and on and on.
The housing market doesn’t come close to resembling anything like a free market with all the government intervention. Hosing would probably be 50% lower if the government hadn’t intervened. If every buyer had to put down 20%, housing would probably be 70% lower.
I think the government has found a level for housing that they are comfortable with. They’ve bailed out all their cronies at the top and now we are likely to see a government-supported stagnant market that lasts for the next 10 years or so.
ParticipantThe problem (at least if you are a buyer) is that the government has all kinds of tricks they can use to prop up the market. The government can encourage more zero-down loans, the Fed can buy $1 trillion in MBS at the drop of a hat, the Treasury can encourage banks to continue to hold on to all that inventory, the government can continue to suspend mark-to-market, and on and on and on.
The housing market doesn’t come close to resembling anything like a free market with all the government intervention. Hosing would probably be 50% lower if the government hadn’t intervened. If every buyer had to put down 20%, housing would probably be 70% lower.
I think the government has found a level for housing that they are comfortable with. They’ve bailed out all their cronies at the top and now we are likely to see a government-supported stagnant market that lasts for the next 10 years or so.
ParticipantThe problem (at least if you are a buyer) is that the government has all kinds of tricks they can use to prop up the market. The government can encourage more zero-down loans, the Fed can buy $1 trillion in MBS at the drop of a hat, the Treasury can encourage banks to continue to hold on to all that inventory, the government can continue to suspend mark-to-market, and on and on and on.
The housing market doesn’t come close to resembling anything like a free market with all the government intervention. Hosing would probably be 50% lower if the government hadn’t intervened. If every buyer had to put down 20%, housing would probably be 70% lower.
I think the government has found a level for housing that they are comfortable with. They’ve bailed out all their cronies at the top and now we are likely to see a government-supported stagnant market that lasts for the next 10 years or so.
ParticipantThe problem (at least if you are a buyer) is that the government has all kinds of tricks they can use to prop up the market. The government can encourage more zero-down loans, the Fed can buy $1 trillion in MBS at the drop of a hat, the Treasury can encourage banks to continue to hold on to all that inventory, the government can continue to suspend mark-to-market, and on and on and on.
The housing market doesn’t come close to resembling anything like a free market with all the government intervention. Hosing would probably be 50% lower if the government hadn’t intervened. If every buyer had to put down 20%, housing would probably be 70% lower.
I think the government has found a level for housing that they are comfortable with. They’ve bailed out all their cronies at the top and now we are likely to see a government-supported stagnant market that lasts for the next 10 years or so.
ParticipantThe problem (at least if you are a buyer) is that the government has all kinds of tricks they can use to prop up the market. The government can encourage more zero-down loans, the Fed can buy $1 trillion in MBS at the drop of a hat, the Treasury can encourage banks to continue to hold on to all that inventory, the government can continue to suspend mark-to-market, and on and on and on.
The housing market doesn’t come close to resembling anything like a free market with all the government intervention. Hosing would probably be 50% lower if the government hadn’t intervened. If every buyer had to put down 20%, housing would probably be 70% lower.
I think the government has found a level for housing that they are comfortable with. They’ve bailed out all their cronies at the top and now we are likely to see a government-supported stagnant market that lasts for the next 10 years or so.
Participant[quote=sdduuuude]
I understand markets better than you ever will, unless Stanford reeeeeally screwed up and …[/quote]Stanford, eh? Are you a legacy or something? If I didn’t know better, I’d swear I was arguing with this guy:
http://www.theonion.com/articles/area-man-passionate-defender-of-what-he-imagines-c,2849/
Do you live in Escondido?
Participant[quote=sdduuuude]
I understand markets better than you ever will, unless Stanford reeeeeally screwed up and …[/quote]Stanford, eh? Are you a legacy or something? If I didn’t know better, I’d swear I was arguing with this guy:
http://www.theonion.com/articles/area-man-passionate-defender-of-what-he-imagines-c,2849/
Do you live in Escondido?
Participant[quote=sdduuuude]
I understand markets better than you ever will, unless Stanford reeeeeally screwed up and …[/quote]Stanford, eh? Are you a legacy or something? If I didn’t know better, I’d swear I was arguing with this guy:
http://www.theonion.com/articles/area-man-passionate-defender-of-what-he-imagines-c,2849/
Do you live in Escondido?
Participant[quote=sdduuuude]
I understand markets better than you ever will, unless Stanford reeeeeally screwed up and …[/quote]Stanford, eh? Are you a legacy or something? If I didn’t know better, I’d swear I was arguing with this guy:
http://www.theonion.com/articles/area-man-passionate-defender-of-what-he-imagines-c,2849/
Do you live in Escondido?
Participant[quote=sdduuuude]
I understand markets better than you ever will, unless Stanford reeeeeally screwed up and …[/quote]Stanford, eh? Are you a legacy or something? If I didn’t know better, I’d swear I was arguing with this guy:
http://www.theonion.com/articles/area-man-passionate-defender-of-what-he-imagines-c,2849/
Do you live in Escondido?
-
AuthorPosts
