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bobby
ParticipantRelax Kev,
it’s not going to happen.
Even if it does, who gets the 1% rate and who gets the 7% rates. It’s too hard to determine.
I mean I don’t mind getting 1% rate in perpetuity. I’ll go out and buy a house tomorrow it that’s the case. Claim hardship and then pay 1%. It’s not going to happen.October 3, 2007 at 12:01 PM in reply to: Housing prices in free fall along Mount Soledad Road in La Jolla #86837Participanttrader, that’s just mean to make a comment like that.
September 27, 2007 at 9:58 PM in reply to: VOTE: state of the bubble collapse, Worse, OR Better than your expectation? #86196Participantso far the Bay Area (Peninsula) has not been affected by all of this.
I’m getting impatient!September 25, 2007 at 1:58 AM in reply to: Greenspan and the Vaunted Bay Area Both Going Down #85794Participantso greenspan is to blamed for all of this?
what about the buyer who bought without thinking if they can pay for the house?
what about the loan broker who steered the buyers toward exorbitant loans?
what about the banks who loaned to people with bankruptcy just 6 months prior.
what about the investors who bought the repackaged loans.
etc…
yes, the rate was ridiculously low but if the rate was higher, the economy would probably have suffered a whole lot during teh post-dotcom years.
greenspan was trying to keep the economy from imploding from the Dotcom fiasco. He will get the blame if he didn’t lower the interest rate enough. He will get the blame if he does.Participantif one very rich person moves into town, it won’t affect the median. It’ll affect the mean but not median.
so at least 1/2 the town has to be wealthy.ParticipantNaples, SD & Valley Park, OK make no sense. If people makes so much money why would they not spend a little bit more on where they live. I assume the ownership rate in those places is over 90%
spending too little money on your residence is just as silly as spending too muchParticipantwhat’s wrong with that guy? he may disagree with greenspan but he has no right to attack him.
there’s a time and place in civilized society for discussion.ParticipantI’m with Blueeyes_Austin on this one. Looks like it’s going to help responsible folks who were conned into a bad loan.
August 30, 2007 at 9:57 AM in reply to: Freddie Mac agrees to accept some Alt-A loans = mini bail out = badnews #82570ParticipantI agree with Bugs. It isn’t going to make a difference for the vast majority of borrowers, especially in CA.
Unless Freddie is going to give a loan out at 1%, a family earning $80K still can’t pay off that $1mil houseAugust 24, 2007 at 10:10 AM in reply to: LA county is considering a bail-out plan for people facing foreclosure #80406Participantdoesn’t matter to me. First, hundreds of millions is a drop in the bucket. Second, I’d love to make some money of the bonds that LA is going to issue as the stock market doesn’t know which way it’s supposed to go.
August 24, 2007 at 10:10 AM in reply to: LA county is considering a bail-out plan for people facing foreclosure #80535Participantdoesn’t matter to me. First, hundreds of millions is a drop in the bucket. Second, I’d love to make some money of the bonds that LA is going to issue as the stock market doesn’t know which way it’s supposed to go.
August 24, 2007 at 10:10 AM in reply to: LA county is considering a bail-out plan for people facing foreclosure #80558Participantdoesn’t matter to me. First, hundreds of millions is a drop in the bucket. Second, I’d love to make some money of the bonds that LA is going to issue as the stock market doesn’t know which way it’s supposed to go.
ParticipantBaghdad Chamberlin?
ParticipantBaghdad Chamberlin?
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