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November 16, 2009 at 7:06 PM in reply to: When does it make financial sense to just dump your house??? #483456November 16, 2009 at 7:06 PM in reply to: When does it make financial sense to just dump your house??? #483620
Bugs
ParticipantWow, this place has really changed.
November 16, 2009 at 7:06 PM in reply to: When does it make financial sense to just dump your house??? #483994ParticipantWow, this place has really changed.
November 16, 2009 at 7:06 PM in reply to: When does it make financial sense to just dump your house??? #484078ParticipantWow, this place has really changed.
November 16, 2009 at 7:06 PM in reply to: When does it make financial sense to just dump your house??? #484306ParticipantWow, this place has really changed.
November 10, 2009 at 7:51 AM in reply to: Wells Fargo has reduced mortgage balances on 43,500 option ARM’s and counting #479813ParticipantCan someone tell me why the prospect of high home prices appeals to the government? I mean, apart from not punishing the fools that were playing the RE market and the banks that lent them the money to do it.
Over the long term it seems to me that the effects of a housing price structure that consumes a larger portion of a workerbee’s paycheck is to permanently reduce their purchasing power for everything else. It reduces the percentage of the population that can share in the American Dream. It widens the gap between haves and have-nots.
I would normally think that all these readily observable results would be an anathema to all of the political progressives and at least some of the political conservatives alike.
November 10, 2009 at 7:51 AM in reply to: Wells Fargo has reduced mortgage balances on 43,500 option ARM’s and counting #479983ParticipantCan someone tell me why the prospect of high home prices appeals to the government? I mean, apart from not punishing the fools that were playing the RE market and the banks that lent them the money to do it.
Over the long term it seems to me that the effects of a housing price structure that consumes a larger portion of a workerbee’s paycheck is to permanently reduce their purchasing power for everything else. It reduces the percentage of the population that can share in the American Dream. It widens the gap between haves and have-nots.
I would normally think that all these readily observable results would be an anathema to all of the political progressives and at least some of the political conservatives alike.
November 10, 2009 at 7:51 AM in reply to: Wells Fargo has reduced mortgage balances on 43,500 option ARM’s and counting #480342ParticipantCan someone tell me why the prospect of high home prices appeals to the government? I mean, apart from not punishing the fools that were playing the RE market and the banks that lent them the money to do it.
Over the long term it seems to me that the effects of a housing price structure that consumes a larger portion of a workerbee’s paycheck is to permanently reduce their purchasing power for everything else. It reduces the percentage of the population that can share in the American Dream. It widens the gap between haves and have-nots.
I would normally think that all these readily observable results would be an anathema to all of the political progressives and at least some of the political conservatives alike.
November 10, 2009 at 7:51 AM in reply to: Wells Fargo has reduced mortgage balances on 43,500 option ARM’s and counting #480421ParticipantCan someone tell me why the prospect of high home prices appeals to the government? I mean, apart from not punishing the fools that were playing the RE market and the banks that lent them the money to do it.
Over the long term it seems to me that the effects of a housing price structure that consumes a larger portion of a workerbee’s paycheck is to permanently reduce their purchasing power for everything else. It reduces the percentage of the population that can share in the American Dream. It widens the gap between haves and have-nots.
I would normally think that all these readily observable results would be an anathema to all of the political progressives and at least some of the political conservatives alike.
November 10, 2009 at 7:51 AM in reply to: Wells Fargo has reduced mortgage balances on 43,500 option ARM’s and counting #480642ParticipantCan someone tell me why the prospect of high home prices appeals to the government? I mean, apart from not punishing the fools that were playing the RE market and the banks that lent them the money to do it.
Over the long term it seems to me that the effects of a housing price structure that consumes a larger portion of a workerbee’s paycheck is to permanently reduce their purchasing power for everything else. It reduces the percentage of the population that can share in the American Dream. It widens the gap between haves and have-nots.
I would normally think that all these readily observable results would be an anathema to all of the political progressives and at least some of the political conservatives alike.
November 9, 2009 at 4:58 PM in reply to: Wells Fargo has reduced mortgage balances on 43,500 option ARM’s and counting #479521ParticipantThe Japanese tried several run-the-clock tactics and all it did was drag it all out.
I agree with Analyst – this is about the bank slowing down their rates of foreclosure – which triggers the requirements to write down the loss – and maximizing their cash flow. It’s about extracting the maximum number of payments and the maximum amounts the borrower will consider paying for as long as they’re willing to do it. Give the borrower just enough hope that they might somehow be able to survive the bust intact and be in a position to get back on the rocket for the next 300% bull run.
I haven’t been around for a while. Have you guys discussed the possibility of the incomplete return-to-trend yet? What happens if the current correction cycle stops short of returning to trend and starts into increase prematurely? Do we set ourselves up for another even more devastating round of losses or is the general concensus one of no blood – no foul?
November 9, 2009 at 4:58 PM in reply to: Wells Fargo has reduced mortgage balances on 43,500 option ARM’s and counting #479691ParticipantThe Japanese tried several run-the-clock tactics and all it did was drag it all out.
I agree with Analyst – this is about the bank slowing down their rates of foreclosure – which triggers the requirements to write down the loss – and maximizing their cash flow. It’s about extracting the maximum number of payments and the maximum amounts the borrower will consider paying for as long as they’re willing to do it. Give the borrower just enough hope that they might somehow be able to survive the bust intact and be in a position to get back on the rocket for the next 300% bull run.
I haven’t been around for a while. Have you guys discussed the possibility of the incomplete return-to-trend yet? What happens if the current correction cycle stops short of returning to trend and starts into increase prematurely? Do we set ourselves up for another even more devastating round of losses or is the general concensus one of no blood – no foul?
November 9, 2009 at 4:58 PM in reply to: Wells Fargo has reduced mortgage balances on 43,500 option ARM’s and counting #480053ParticipantThe Japanese tried several run-the-clock tactics and all it did was drag it all out.
I agree with Analyst – this is about the bank slowing down their rates of foreclosure – which triggers the requirements to write down the loss – and maximizing their cash flow. It’s about extracting the maximum number of payments and the maximum amounts the borrower will consider paying for as long as they’re willing to do it. Give the borrower just enough hope that they might somehow be able to survive the bust intact and be in a position to get back on the rocket for the next 300% bull run.
I haven’t been around for a while. Have you guys discussed the possibility of the incomplete return-to-trend yet? What happens if the current correction cycle stops short of returning to trend and starts into increase prematurely? Do we set ourselves up for another even more devastating round of losses or is the general concensus one of no blood – no foul?
November 9, 2009 at 4:58 PM in reply to: Wells Fargo has reduced mortgage balances on 43,500 option ARM’s and counting #480134ParticipantThe Japanese tried several run-the-clock tactics and all it did was drag it all out.
I agree with Analyst – this is about the bank slowing down their rates of foreclosure – which triggers the requirements to write down the loss – and maximizing their cash flow. It’s about extracting the maximum number of payments and the maximum amounts the borrower will consider paying for as long as they’re willing to do it. Give the borrower just enough hope that they might somehow be able to survive the bust intact and be in a position to get back on the rocket for the next 300% bull run.
I haven’t been around for a while. Have you guys discussed the possibility of the incomplete return-to-trend yet? What happens if the current correction cycle stops short of returning to trend and starts into increase prematurely? Do we set ourselves up for another even more devastating round of losses or is the general concensus one of no blood – no foul?
November 9, 2009 at 4:58 PM in reply to: Wells Fargo has reduced mortgage balances on 43,500 option ARM’s and counting #480354ParticipantThe Japanese tried several run-the-clock tactics and all it did was drag it all out.
I agree with Analyst – this is about the bank slowing down their rates of foreclosure – which triggers the requirements to write down the loss – and maximizing their cash flow. It’s about extracting the maximum number of payments and the maximum amounts the borrower will consider paying for as long as they’re willing to do it. Give the borrower just enough hope that they might somehow be able to survive the bust intact and be in a position to get back on the rocket for the next 300% bull run.
I haven’t been around for a while. Have you guys discussed the possibility of the incomplete return-to-trend yet? What happens if the current correction cycle stops short of returning to trend and starts into increase prematurely? Do we set ourselves up for another even more devastating round of losses or is the general concensus one of no blood – no foul?
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