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Look, some type of bailout was going to happen as this thing started going into a death spiral. I’m not happy about it, but at least this is not a cross the board freeze. Plenty of ifs and whats typical of a govt plan. It is also on a volunteer basis. These means some foot dragging is called for by the lenders. If there was going to be a bailout, I’d rather have a republican one. The democrats want to give the people losing there homes back to them outright and across the board. These proposal will bleed the bailout into an inefective drip drip. This is the best case bailout, as far as bailouts go. By Jan 09 when the socialist can get into office, it will be too little to late to do anything about this housing bust. I don’t like it, but its the best bailout we guys could wish for, considering that one was coming. The less people it helps the better!

[blackbox]

Look, some type of bailout was going to happen as this thing started going into a death spiral. I’m not happy about it, but at least this is not a cross the board freeze. Plenty of ifs and whats typical of a govt plan. It is also on a volunteer basis. These means some foot dragging is called for by the lenders. If there was going to be a bailout, I’d rather have a republican one. The democrats want to give the people losing there homes back to them outright and across the board. These proposal will bleed the bailout into an inefective drip drip. This is the best case bailout, as far as bailouts go. By Jan 09 when the socialist can get into office, it will be too little to late to do anything about this housing bust. I don’t like it, but its the best bailout we guys could wish for, considering that one was coming. The less people it helps the better!

[blackbox]

Look, some type of bailout was going to happen as this thing started going into a death spiral. I’m not happy about it, but at least this is not a cross the board freeze. Plenty of ifs and whats typical of a govt plan. It is also on a volunteer basis. These means some foot dragging is called for by the lenders. If there was going to be a bailout, I’d rather have a republican one. The democrats want to give the people losing there homes back to them outright and across the board. These proposal will bleed the bailout into an inefective drip drip. This is the best case bailout, as far as bailouts go. By Jan 09 when the socialist can get into office, it will be too little to late to do anything about this housing bust. I don’t like it, but its the best bailout we guys could wish for, considering that one was coming. The less people it helps the better!

[blackbox]

Look, some type of bailout was going to happen as this thing started going into a death spiral. I’m not happy about it, but at least this is not a cross the board freeze. Plenty of ifs and whats typical of a govt plan. It is also on a volunteer basis. These means some foot dragging is called for by the lenders. If there was going to be a bailout, I’d rather have a republican one. The democrats want to give the people losing there homes back to them outright and across the board. These proposal will bleed the bailout into an inefective drip drip. This is the best case bailout, as far as bailouts go. By Jan 09 when the socialist can get into office, it will be too little to late to do anything about this housing bust. I don’t like it, but its the best bailout we guys could wish for, considering that one was coming. The less people it helps the better!

[blackbox]

Look I don’t like this deal either by a long shot, but let’s have some perspective. This Federally sponsored program, and its on a volunteer basis. It will take 3 to 6 months to implement, and investors will never go for a blanket freeze. They will want the loan servicers to make sure the guys they help actually qualify. This means a little more one to one basis than the feds are looking at.
When was the last time a fed program actually worked as it should. It reminds me of when the president mentions a program on the state of the union speech, and then everyone goes wild for and against it, and the plan never sees the light of day. This will see the light of day, unfortunately, but I have faith in the feds that they will screw this one to the point that it will be too little too late. Prices are coming down to affortability, and I think that decline will actually start to pick up steam. If anything, this program may stop the death spiral that may happen because of “no hope” of a housing bottom may cause a panic in the chicken littles inside of all us. Some of us just have a higher threshold!

[blackbox]

Look I don’t like this deal either by a long shot, but let’s have some perspective. This Federally sponsored program, and its on a volunteer basis. It will take 3 to 6 months to implement, and investors will never go for a blanket freeze. They will want the loan servicers to make sure the guys they help actually qualify. This means a little more one to one basis than the feds are looking at.
When was the last time a fed program actually worked as it should. It reminds me of when the president mentions a program on the state of the union speech, and then everyone goes wild for and against it, and the plan never sees the light of day. This will see the light of day, unfortunately, but I have faith in the feds that they will screw this one to the point that it will be too little too late. Prices are coming down to affortability, and I think that decline will actually start to pick up steam. If anything, this program may stop the death spiral that may happen because of “no hope” of a housing bottom may cause a panic in the chicken littles inside of all us. Some of us just have a higher threshold!

[blackbox]

Look I don’t like this deal either by a long shot, but let’s have some perspective. This Federally sponsored program, and its on a volunteer basis. It will take 3 to 6 months to implement, and investors will never go for a blanket freeze. They will want the loan servicers to make sure the guys they help actually qualify. This means a little more one to one basis than the feds are looking at.
When was the last time a fed program actually worked as it should. It reminds me of when the president mentions a program on the state of the union speech, and then everyone goes wild for and against it, and the plan never sees the light of day. This will see the light of day, unfortunately, but I have faith in the feds that they will screw this one to the point that it will be too little too late. Prices are coming down to affortability, and I think that decline will actually start to pick up steam. If anything, this program may stop the death spiral that may happen because of “no hope” of a housing bottom may cause a panic in the chicken littles inside of all us. Some of us just have a higher threshold!

[blackbox]

Look I don’t like this deal either by a long shot, but let’s have some perspective. This Federally sponsored program, and its on a volunteer basis. It will take 3 to 6 months to implement, and investors will never go for a blanket freeze. They will want the loan servicers to make sure the guys they help actually qualify. This means a little more one to one basis than the feds are looking at.
When was the last time a fed program actually worked as it should. It reminds me of when the president mentions a program on the state of the union speech, and then everyone goes wild for and against it, and the plan never sees the light of day. This will see the light of day, unfortunately, but I have faith in the feds that they will screw this one to the point that it will be too little too late. Prices are coming down to affortability, and I think that decline will actually start to pick up steam. If anything, this program may stop the death spiral that may happen because of “no hope” of a housing bottom may cause a panic in the chicken littles inside of all us. Some of us just have a higher threshold!

[blackbox]

Look I don’t like this deal either by a long shot, but let’s have some perspective. This Federally sponsored program, and its on a volunteer basis. It will take 3 to 6 months to implement, and investors will never go for a blanket freeze. They will want the loan servicers to make sure the guys they help actually qualify. This means a little more one to one basis than the feds are looking at.
When was the last time a fed program actually worked as it should. It reminds me of when the president mentions a program on the state of the union speech, and then everyone goes wild for and against it, and the plan never sees the light of day. This will see the light of day, unfortunately, but I have faith in the feds that they will screw this one to the point that it will be too little too late. Prices are coming down to affortability, and I think that decline will actually start to pick up steam. If anything, this program may stop the death spiral that may happen because of “no hope” of a housing bottom may cause a panic in the chicken littles inside of all us. Some of us just have a higher threshold!

[blackbox]

Ditto on first comment, but remember this is an ideal result of the plan. When have government sponsor plans ever really work out as planned? The best case result would be that the price declines slow to a reasonable rate until the historical income/home price ratio hits (Most likely over shoot). I believe San Diegos is 37.5 %.
There maybe a dead cat bounce for a bit after this plan is formally announced and spread among all the media outlets, but I really believe nothing will stop the price correction from taking place after such a huge upward price spike that lacked any fundamentals at all.

[blackbox]

Ditto on first comment, but remember this is an ideal result of the plan. When have government sponsor plans ever really work out as planned? The best case result would be that the price declines slow to a reasonable rate until the historical income/home price ratio hits (Most likely over shoot). I believe San Diegos is 37.5 %.
There maybe a dead cat bounce for a bit after this plan is formally announced and spread among all the media outlets, but I really believe nothing will stop the price correction from taking place after such a huge upward price spike that lacked any fundamentals at all.

[blackbox]

Ditto on first comment, but remember this is an ideal result of the plan. When have government sponsor plans ever really work out as planned? The best case result would be that the price declines slow to a reasonable rate until the historical income/home price ratio hits (Most likely over shoot). I believe San Diegos is 37.5 %.
There maybe a dead cat bounce for a bit after this plan is formally announced and spread among all the media outlets, but I really believe nothing will stop the price correction from taking place after such a huge upward price spike that lacked any fundamentals at all.

[blackbox]

Ditto on first comment, but remember this is an ideal result of the plan. When have government sponsor plans ever really work out as planned? The best case result would be that the price declines slow to a reasonable rate until the historical income/home price ratio hits (Most likely over shoot). I believe San Diegos is 37.5 %.
There maybe a dead cat bounce for a bit after this plan is formally announced and spread among all the media outlets, but I really believe nothing will stop the price correction from taking place after such a huge upward price spike that lacked any fundamentals at all.

[blackbox]

Ditto on first comment, but remember this is an ideal result of the plan. When have government sponsor plans ever really work out as planned? The best case result would be that the price declines slow to a reasonable rate until the historical income/home price ratio hits (Most likely over shoot). I believe San Diegos is 37.5 %.
There maybe a dead cat bounce for a bit after this plan is formally announced and spread among all the media outlets, but I really believe nothing will stop the price correction from taking place after such a huge upward price spike that lacked any fundamentals at all.

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The market already has slipped 20 to 30%.
We’re waiting for 40-60%.
Geez, dude, where have you been?

no matter who gets involved, or what gets involved, this housing market will eventually settle at affortability.
Ofcourse its to no one interest that the economy craters, except for the gold/cheese and cracker horders.

Actually I would like a nice smooth transisiton to affortability where a median family income has a hope of buying a median priced home, which will happen one way or another. That will happen no matter the bailout or no bailout. It’s just a matter of how and in what timeframe.

I think most of the folks on the website have above median income, above average savings, great credit score, and plenty of common sense. We will buy when it makes economic sense, and not when some idiot thinks we should. The home buyer boycott will continue until the historical income/home price ratio occurs once again, and the market will for a very long time lack the idiots that bought just because they could. No matter who gets to keep their homes because they get thier mortgage rates frozen, this market will no longer be determined by the amount of foreclosures, but by the very few that will actually qualify for a mortgage in the newly tighten mortgage market, and we are not buying at your fantasy prices. The current fore sale housing inventory, and that the inventory still coming on line locks that fact in. The bailout came just a little to late to make any real impact of where home prices are heading (down), but with plenty of time avoid a economic meltdown. PERFECT!

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