[Bob]

Here’s the deal on Mark Zandi….unfortunately, he has the ears of Barney Frank, Dodd, and now Obama. For the last three or four years, just about every time congress held a hearing regarding the housing industry, Zandi testified. As an economist/academic, Zandi predicted the bubble would burst, but as with so many academics, his solutions to the problem involve government intervention rather than free market solutions. Zandi has been been one of the leading proponents of artificially reducing supply using moratoriums and bailouts in the hopes of inflating prices.

[Bob]

Here’s the deal on Mark Zandi….unfortunately, he has the ears of Barney Frank, Dodd, and now Obama. For the last three or four years, just about every time congress held a hearing regarding the housing industry, Zandi testified. As an economist/academic, Zandi predicted the bubble would burst, but as with so many academics, his solutions to the problem involve government intervention rather than free market solutions. Zandi has been been one of the leading proponents of artificially reducing supply using moratoriums and bailouts in the hopes of inflating prices.

[Bob]

Here’s the deal on Mark Zandi….unfortunately, he has the ears of Barney Frank, Dodd, and now Obama. For the last three or four years, just about every time congress held a hearing regarding the housing industry, Zandi testified. As an economist/academic, Zandi predicted the bubble would burst, but as with so many academics, his solutions to the problem involve government intervention rather than free market solutions. Zandi has been been one of the leading proponents of artificially reducing supply using moratoriums and bailouts in the hopes of inflating prices.

[Bob]

Here’s the deal on Mark Zandi….unfortunately, he has the ears of Barney Frank, Dodd, and now Obama. For the last three or four years, just about every time congress held a hearing regarding the housing industry, Zandi testified. As an economist/academic, Zandi predicted the bubble would burst, but as with so many academics, his solutions to the problem involve government intervention rather than free market solutions. Zandi has been been one of the leading proponents of artificially reducing supply using moratoriums and bailouts in the hopes of inflating prices.

[Bob]

Here’s the deal on Mark Zandi….unfortunately, he has the ears of Barney Frank, Dodd, and now Obama. For the last three or four years, just about every time congress held a hearing regarding the housing industry, Zandi testified. As an economist/academic, Zandi predicted the bubble would burst, but as with so many academics, his solutions to the problem involve government intervention rather than free market solutions. Zandi has been been one of the leading proponents of artificially reducing supply using moratoriums and bailouts in the hopes of inflating prices.

[Bob]

One big difference between California and other bubble states is that here we’ve had state moratoriums off and on for the past six months. The effects of those moratoriums reduced supply, while at the same time, purchasers gobbled up existing supply. Don’t worry, once rates go up, supply will increase.

[Bob]

One big difference between California and other bubble states is that here we’ve had state moratoriums off and on for the past six months. The effects of those moratoriums reduced supply, while at the same time, purchasers gobbled up existing supply. Don’t worry, once rates go up, supply will increase.

[Bob]

One big difference between California and other bubble states is that here we’ve had state moratoriums off and on for the past six months. The effects of those moratoriums reduced supply, while at the same time, purchasers gobbled up existing supply. Don’t worry, once rates go up, supply will increase.

[Bob]

One big difference between California and other bubble states is that here we’ve had state moratoriums off and on for the past six months. The effects of those moratoriums reduced supply, while at the same time, purchasers gobbled up existing supply. Don’t worry, once rates go up, supply will increase.

[Bob]

One big difference between California and other bubble states is that here we’ve had state moratoriums off and on for the past six months. The effects of those moratoriums reduced supply, while at the same time, purchasers gobbled up existing supply. Don’t worry, once rates go up, supply will increase.

[Bob]

[quote=CA renter]

IMHO, higher rates are a win-win-win, for buyers and for savers. They’ve suppressed rates for far too long, and let the lowest cockroaches of the world (irresponsible bankers, borrowers, and speculators) destroy our financial system.[/quote]

Excellent reply !

In my opinion, the absolute best course of action, not only for the housing market, but for the overall economy, would be higher interest rates and higher mortgage rates. Higher rates would weed out the “marginally qualified” purchasers who barely have enough cash on hand for the down payment, yet are creating bidding wars because they got approved through the FHA. Once the artificial demand has been eliminated, the free market can then dictate what prices should be.

And the same thing should apply with mortgage rates – the Feds should get the hell out of the “quantitative easing” business, and allow rates to be set based on what the market will bear. Higher rates would bring down prices and make real estate more affordable. Of course, the NAR, as well as builders, wouldn’t be too happy with my suggestion…I suppose thats why they’ve spent so much time and money lobbying the Obama administration in support of his foreclosure agenda to prop up prices.

[Bob]

[quote=CA renter]

IMHO, higher rates are a win-win-win, for buyers and for savers. They’ve suppressed rates for far too long, and let the lowest cockroaches of the world (irresponsible bankers, borrowers, and speculators) destroy our financial system.[/quote]

Excellent reply !

In my opinion, the absolute best course of action, not only for the housing market, but for the overall economy, would be higher interest rates and higher mortgage rates. Higher rates would weed out the “marginally qualified” purchasers who barely have enough cash on hand for the down payment, yet are creating bidding wars because they got approved through the FHA. Once the artificial demand has been eliminated, the free market can then dictate what prices should be.

And the same thing should apply with mortgage rates – the Feds should get the hell out of the “quantitative easing” business, and allow rates to be set based on what the market will bear. Higher rates would bring down prices and make real estate more affordable. Of course, the NAR, as well as builders, wouldn’t be too happy with my suggestion…I suppose thats why they’ve spent so much time and money lobbying the Obama administration in support of his foreclosure agenda to prop up prices.

[Bob]

[quote=CA renter]

IMHO, higher rates are a win-win-win, for buyers and for savers. They’ve suppressed rates for far too long, and let the lowest cockroaches of the world (irresponsible bankers, borrowers, and speculators) destroy our financial system.[/quote]

Excellent reply !

In my opinion, the absolute best course of action, not only for the housing market, but for the overall economy, would be higher interest rates and higher mortgage rates. Higher rates would weed out the “marginally qualified” purchasers who barely have enough cash on hand for the down payment, yet are creating bidding wars because they got approved through the FHA. Once the artificial demand has been eliminated, the free market can then dictate what prices should be.

And the same thing should apply with mortgage rates – the Feds should get the hell out of the “quantitative easing” business, and allow rates to be set based on what the market will bear. Higher rates would bring down prices and make real estate more affordable. Of course, the NAR, as well as builders, wouldn’t be too happy with my suggestion…I suppose thats why they’ve spent so much time and money lobbying the Obama administration in support of his foreclosure agenda to prop up prices.

[Bob]

[quote=CA renter]

IMHO, higher rates are a win-win-win, for buyers and for savers. They’ve suppressed rates for far too long, and let the lowest cockroaches of the world (irresponsible bankers, borrowers, and speculators) destroy our financial system.[/quote]

Excellent reply !

In my opinion, the absolute best course of action, not only for the housing market, but for the overall economy, would be higher interest rates and higher mortgage rates. Higher rates would weed out the “marginally qualified” purchasers who barely have enough cash on hand for the down payment, yet are creating bidding wars because they got approved through the FHA. Once the artificial demand has been eliminated, the free market can then dictate what prices should be.

And the same thing should apply with mortgage rates – the Feds should get the hell out of the “quantitative easing” business, and allow rates to be set based on what the market will bear. Higher rates would bring down prices and make real estate more affordable. Of course, the NAR, as well as builders, wouldn’t be too happy with my suggestion…I suppose thats why they’ve spent so much time and money lobbying the Obama administration in support of his foreclosure agenda to prop up prices.

[Bob]

[quote=CA renter]

IMHO, higher rates are a win-win-win, for buyers and for savers. They’ve suppressed rates for far too long, and let the lowest cockroaches of the world (irresponsible bankers, borrowers, and speculators) destroy our financial system.[/quote]

Excellent reply !

In my opinion, the absolute best course of action, not only for the housing market, but for the overall economy, would be higher interest rates and higher mortgage rates. Higher rates would weed out the “marginally qualified” purchasers who barely have enough cash on hand for the down payment, yet are creating bidding wars because they got approved through the FHA. Once the artificial demand has been eliminated, the free market can then dictate what prices should be.

And the same thing should apply with mortgage rates – the Feds should get the hell out of the “quantitative easing” business, and allow rates to be set based on what the market will bear. Higher rates would bring down prices and make real estate more affordable. Of course, the NAR, as well as builders, wouldn’t be too happy with my suggestion…I suppose thats why they’ve spent so much time and money lobbying the Obama administration in support of his foreclosure agenda to prop up prices.

[Author]

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