[carlsbadworker]

I for one believe in “stocks are a good long term investment” + “buy and hold”. How long is the credit crunch going to last? 10 years? 20 years? For 30+ years, I couldn’t image that economy does not come back and become stronger than what it currently is.
I go off every day in the morning to create values for the economy, like billions other people around the world. How can the economy and overall stock market does not go up for long term… unless there is WWIII or something when people just kill each other off.
The best time to go into the market is when everybody is selling. And the best time to get out off the market is when everybody is buying. It applies to real estate, stock market, whatever. The dooms day forecasters have been with us for centuries, but human being always find a way to prosper.

[carlsbadworker]

I for one believe in “stocks are a good long term investment” + “buy and hold”. How long is the credit crunch going to last? 10 years? 20 years? For 30+ years, I couldn’t image that economy does not come back and become stronger than what it currently is.
I go off every day in the morning to create values for the economy, like billions other people around the world. How can the economy and overall stock market does not go up for long term… unless there is WWIII or something when people just kill each other off.
The best time to go into the market is when everybody is selling. And the best time to get out off the market is when everybody is buying. It applies to real estate, stock market, whatever. The dooms day forecasters have been with us for centuries, but human being always find a way to prosper.

[carlsbadworker]

I for one believe in “stocks are a good long term investment” + “buy and hold”. How long is the credit crunch going to last? 10 years? 20 years? For 30+ years, I couldn’t image that economy does not come back and become stronger than what it currently is.
I go off every day in the morning to create values for the economy, like billions other people around the world. How can the economy and overall stock market does not go up for long term… unless there is WWIII or something when people just kill each other off.
The best time to go into the market is when everybody is selling. And the best time to get out off the market is when everybody is buying. It applies to real estate, stock market, whatever. The dooms day forecasters have been with us for centuries, but human being always find a way to prosper.

[carlsbadworker]

I for one believe in “stocks are a good long term investment” + “buy and hold”. How long is the credit crunch going to last? 10 years? 20 years? For 30+ years, I couldn’t image that economy does not come back and become stronger than what it currently is.
I go off every day in the morning to create values for the economy, like billions other people around the world. How can the economy and overall stock market does not go up for long term… unless there is WWIII or something when people just kill each other off.
The best time to go into the market is when everybody is selling. And the best time to get out off the market is when everybody is buying. It applies to real estate, stock market, whatever. The dooms day forecasters have been with us for centuries, but human being always find a way to prosper.

[carlsbadworker]

I for one believe in “stocks are a good long term investment” + “buy and hold”. How long is the credit crunch going to last? 10 years? 20 years? For 30+ years, I couldn’t image that economy does not come back and become stronger than what it currently is.
I go off every day in the morning to create values for the economy, like billions other people around the world. How can the economy and overall stock market does not go up for long term… unless there is WWIII or something when people just kill each other off.
The best time to go into the market is when everybody is selling. And the best time to get out off the market is when everybody is buying. It applies to real estate, stock market, whatever. The dooms day forecasters have been with us for centuries, but human being always find a way to prosper.

[carlsbadworker]

[quote=j]Well the government asked for this, when it tired to prop up real estate last year. When Countrywide, Downey, etc stopped making the most foolish loans the government had FHA and the GSEs take over the market. This is why all incumbents should be voted out.[/quote]

So now GSEs are put into a conservatorship, while FHA is still making the most foolish loans to the most unqualified buyers. The only reason that FHA is not in trouble right now, is that it just starts to get popular this year. Is the government planning FHA bailout by the tax payers next year? When will this end??

[carlsbadworker]

[quote=j]Well the government asked for this, when it tired to prop up real estate last year. When Countrywide, Downey, etc stopped making the most foolish loans the government had FHA and the GSEs take over the market. This is why all incumbents should be voted out.[/quote]

So now GSEs are put into a conservatorship, while FHA is still making the most foolish loans to the most unqualified buyers. The only reason that FHA is not in trouble right now, is that it just starts to get popular this year. Is the government planning FHA bailout by the tax payers next year? When will this end??

[carlsbadworker]

[quote=j]Well the government asked for this, when it tired to prop up real estate last year. When Countrywide, Downey, etc stopped making the most foolish loans the government had FHA and the GSEs take over the market. This is why all incumbents should be voted out.[/quote]

So now GSEs are put into a conservatorship, while FHA is still making the most foolish loans to the most unqualified buyers. The only reason that FHA is not in trouble right now, is that it just starts to get popular this year. Is the government planning FHA bailout by the tax payers next year? When will this end??

[carlsbadworker]

[quote=j]Well the government asked for this, when it tired to prop up real estate last year. When Countrywide, Downey, etc stopped making the most foolish loans the government had FHA and the GSEs take over the market. This is why all incumbents should be voted out.[/quote]

So now GSEs are put into a conservatorship, while FHA is still making the most foolish loans to the most unqualified buyers. The only reason that FHA is not in trouble right now, is that it just starts to get popular this year. Is the government planning FHA bailout by the tax payers next year? When will this end??

[carlsbadworker]

[quote=j]Well the government asked for this, when it tired to prop up real estate last year. When Countrywide, Downey, etc stopped making the most foolish loans the government had FHA and the GSEs take over the market. This is why all incumbents should be voted out.[/quote]

So now GSEs are put into a conservatorship, while FHA is still making the most foolish loans to the most unqualified buyers. The only reason that FHA is not in trouble right now, is that it just starts to get popular this year. Is the government planning FHA bailout by the tax payers next year? When will this end??

[carlsbadworker]

[quote=esmith]I think it’s a big misconception. “Tightening lending standards” only apply to private lenders. Government is doing the opposite. You can get a FHA loan of up to $625,000 with 3% down, credit score of 660, and 45% gross DTI ratio. That does not qualify as “tightening” for me. [/quote]

Yes, you are right. In fact, “Government-insured home loans in July soared to 29.1% of all home loan applications, up from 8.4% just 12 months earlier, reports the Mortgage Bankers Association”.
The problem is, if the foreclosure rates continue to increase or even if they hold steady, the FHA is left holding the bag. The FHA has been the only government agency that does not rely on taxpayers for funding, and operates solely on mortgage insurance premiums paid by homeowners with FHA-approved loans.
Of course, the government might change that one day, we will see…
But if the taxpayer money is on hook one day, it is really hard to justify not to tighten FHA loan standards.

[carlsbadworker]

[quote=esmith]I think it’s a big misconception. “Tightening lending standards” only apply to private lenders. Government is doing the opposite. You can get a FHA loan of up to $625,000 with 3% down, credit score of 660, and 45% gross DTI ratio. That does not qualify as “tightening” for me. [/quote]

Yes, you are right. In fact, “Government-insured home loans in July soared to 29.1% of all home loan applications, up from 8.4% just 12 months earlier, reports the Mortgage Bankers Association”.
The problem is, if the foreclosure rates continue to increase or even if they hold steady, the FHA is left holding the bag. The FHA has been the only government agency that does not rely on taxpayers for funding, and operates solely on mortgage insurance premiums paid by homeowners with FHA-approved loans.
Of course, the government might change that one day, we will see…
But if the taxpayer money is on hook one day, it is really hard to justify not to tighten FHA loan standards.

[carlsbadworker]

[quote=esmith]I think it’s a big misconception. “Tightening lending standards” only apply to private lenders. Government is doing the opposite. You can get a FHA loan of up to $625,000 with 3% down, credit score of 660, and 45% gross DTI ratio. That does not qualify as “tightening” for me. [/quote]

Yes, you are right. In fact, “Government-insured home loans in July soared to 29.1% of all home loan applications, up from 8.4% just 12 months earlier, reports the Mortgage Bankers Association”.
The problem is, if the foreclosure rates continue to increase or even if they hold steady, the FHA is left holding the bag. The FHA has been the only government agency that does not rely on taxpayers for funding, and operates solely on mortgage insurance premiums paid by homeowners with FHA-approved loans.
Of course, the government might change that one day, we will see…
But if the taxpayer money is on hook one day, it is really hard to justify not to tighten FHA loan standards.

[carlsbadworker]

[quote=esmith]I think it’s a big misconception. “Tightening lending standards” only apply to private lenders. Government is doing the opposite. You can get a FHA loan of up to $625,000 with 3% down, credit score of 660, and 45% gross DTI ratio. That does not qualify as “tightening” for me. [/quote]

Yes, you are right. In fact, “Government-insured home loans in July soared to 29.1% of all home loan applications, up from 8.4% just 12 months earlier, reports the Mortgage Bankers Association”.
The problem is, if the foreclosure rates continue to increase or even if they hold steady, the FHA is left holding the bag. The FHA has been the only government agency that does not rely on taxpayers for funding, and operates solely on mortgage insurance premiums paid by homeowners with FHA-approved loans.
Of course, the government might change that one day, we will see…
But if the taxpayer money is on hook one day, it is really hard to justify not to tighten FHA loan standards.

[carlsbadworker]

[quote=esmith]I think it’s a big misconception. “Tightening lending standards” only apply to private lenders. Government is doing the opposite. You can get a FHA loan of up to $625,000 with 3% down, credit score of 660, and 45% gross DTI ratio. That does not qualify as “tightening” for me. [/quote]

Yes, you are right. In fact, “Government-insured home loans in July soared to 29.1% of all home loan applications, up from 8.4% just 12 months earlier, reports the Mortgage Bankers Association”.
The problem is, if the foreclosure rates continue to increase or even if they hold steady, the FHA is left holding the bag. The FHA has been the only government agency that does not rely on taxpayers for funding, and operates solely on mortgage insurance premiums paid by homeowners with FHA-approved loans.
Of course, the government might change that one day, we will see…
But if the taxpayer money is on hook one day, it is really hard to justify not to tighten FHA loan standards.

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