[chrisp]

[quote=patientrenter] In the old days, any risk that you didn’t take on, and the bank took on instead, was between you and the bank. But now almost all the risk, after a downpayment has been exhausted, is take on by taxpayers, so it’s all of our business.[/quote]

When were the anti-deficiency statutes passed? Old days? By taxpayers you mean the TARP money that wasn’t paid back?

I don’t mind the debate. Just the kinda moral high ground attitude. I don’t want to talk about whether we should go to war or not or whether abortion should be legal. Just get some info on FHA loans. 😉 Shouldn’t you yell at FHA for allowing 3.5% down. I guess you probably do in other topics.

Also, I do see the point about market manipulation, but I’m gonna buy a house soon. So that is my reality. So are a lot of others. It does suck for you guys, but it’s what’s happening.

[chrisp]

[quote=patientrenter] In the old days, any risk that you didn’t take on, and the bank took on instead, was between you and the bank. But now almost all the risk, after a downpayment has been exhausted, is take on by taxpayers, so it’s all of our business.[/quote]

When were the anti-deficiency statutes passed? Old days? By taxpayers you mean the TARP money that wasn’t paid back?

I don’t mind the debate. Just the kinda moral high ground attitude. I don’t want to talk about whether we should go to war or not or whether abortion should be legal. Just get some info on FHA loans. 😉 Shouldn’t you yell at FHA for allowing 3.5% down. I guess you probably do in other topics.

Also, I do see the point about market manipulation, but I’m gonna buy a house soon. So that is my reality. So are a lot of others. It does suck for you guys, but it’s what’s happening.

[chrisp]

[quote=patientrenter] In the old days, any risk that you didn’t take on, and the bank took on instead, was between you and the bank. But now almost all the risk, after a downpayment has been exhausted, is take on by taxpayers, so it’s all of our business.[/quote]

When were the anti-deficiency statutes passed? Old days? By taxpayers you mean the TARP money that wasn’t paid back?

I don’t mind the debate. Just the kinda moral high ground attitude. I don’t want to talk about whether we should go to war or not or whether abortion should be legal. Just get some info on FHA loans. 😉 Shouldn’t you yell at FHA for allowing 3.5% down. I guess you probably do in other topics.

Also, I do see the point about market manipulation, but I’m gonna buy a house soon. So that is my reality. So are a lot of others. It does suck for you guys, but it’s what’s happening.

[chrisp]

[quote=patientrenter] In the old days, any risk that you didn’t take on, and the bank took on instead, was between you and the bank. But now almost all the risk, after a downpayment has been exhausted, is take on by taxpayers, so it’s all of our business.[/quote]

When were the anti-deficiency statutes passed? Old days? By taxpayers you mean the TARP money that wasn’t paid back?

I don’t mind the debate. Just the kinda moral high ground attitude. I don’t want to talk about whether we should go to war or not or whether abortion should be legal. Just get some info on FHA loans. 😉 Shouldn’t you yell at FHA for allowing 3.5% down. I guess you probably do in other topics.

Also, I do see the point about market manipulation, but I’m gonna buy a house soon. So that is my reality. So are a lot of others. It does suck for you guys, but it’s what’s happening.

[chrisp]

[quote=patientrenter] In the old days, any risk that you didn’t take on, and the bank took on instead, was between you and the bank. But now almost all the risk, after a downpayment has been exhausted, is take on by taxpayers, so it’s all of our business.[/quote]

When were the anti-deficiency statutes passed? Old days? By taxpayers you mean the TARP money that wasn’t paid back?

I don’t mind the debate. Just the kinda moral high ground attitude. I don’t want to talk about whether we should go to war or not or whether abortion should be legal. Just get some info on FHA loans. 😉 Shouldn’t you yell at FHA for allowing 3.5% down. I guess you probably do in other topics.

Also, I do see the point about market manipulation, but I’m gonna buy a house soon. So that is my reality. So are a lot of others. It does suck for you guys, but it’s what’s happening.

[chrisp]

Anyway kinda sick of fighting.

But, actually would be somewhat interested in your “affordability” numbers. Can someone send me a link to some references? I wouldn’t mind running the numbers in a more conservative route? Someone said affordability has been out of whack for a decade. Are you able to send me some old lending criteria?

Thanks.

[chrisp]

Anyway kinda sick of fighting.

But, actually would be somewhat interested in your “affordability” numbers. Can someone send me a link to some references? I wouldn’t mind running the numbers in a more conservative route? Someone said affordability has been out of whack for a decade. Are you able to send me some old lending criteria?

Thanks.

[chrisp]

Anyway kinda sick of fighting.

But, actually would be somewhat interested in your “affordability” numbers. Can someone send me a link to some references? I wouldn’t mind running the numbers in a more conservative route? Someone said affordability has been out of whack for a decade. Are you able to send me some old lending criteria?

Thanks.

[chrisp]

Anyway kinda sick of fighting.

But, actually would be somewhat interested in your “affordability” numbers. Can someone send me a link to some references? I wouldn’t mind running the numbers in a more conservative route? Someone said affordability has been out of whack for a decade. Are you able to send me some old lending criteria?

Thanks.

[chrisp]

Anyway kinda sick of fighting.

But, actually would be somewhat interested in your “affordability” numbers. Can someone send me a link to some references? I wouldn’t mind running the numbers in a more conservative route? Someone said affordability has been out of whack for a decade. Are you able to send me some old lending criteria?

Thanks.

[chrisp]

[quote=patientrenter]
To the extent that you are stretching the price, you are getting taxpayers and savers like us Piggs to use mostly our money to help you keep home prices inflated. So we’re kinda tetchy, like I said before.[/quote]

Your argument is a stretch to me. To the extent I am stretching (am I?), I am not using your money. If I were to default, I might be using SOME of your money. Making your correlation is too much for me. I understand you can be upset if people are keeping prices high, but people are going to buy when they want and need to. If I wanted to wait a few years for things to go down, maybe I would. You do, good for you.

Also, you don’t think default rates from loans that have originated more recently will decrease? I wouldn’t necessarily say things are peachy keen now, but I have to think lending practices have gotten better. No ARMs, no stated incomes.

Just because the price of your house goes down, doesn’t mean you default. Just because I have less money to put down doesn’t mean I can’t afford to make my monthly payments. If I have $180K to put down, I still might meet terrible circumstances in the future. The bank will still foreclose. I guess you could ASSUME I’d have more savings, but why would you assume I personally am not planning on building up savings for a contingency event?

Because I am a NEW attorney, I don’t have a ton of built-up savings. $60K is a tiny amount?

[chrisp]

[quote=patientrenter]
To the extent that you are stretching the price, you are getting taxpayers and savers like us Piggs to use mostly our money to help you keep home prices inflated. So we’re kinda tetchy, like I said before.[/quote]

Your argument is a stretch to me. To the extent I am stretching (am I?), I am not using your money. If I were to default, I might be using SOME of your money. Making your correlation is too much for me. I understand you can be upset if people are keeping prices high, but people are going to buy when they want and need to. If I wanted to wait a few years for things to go down, maybe I would. You do, good for you.

Also, you don’t think default rates from loans that have originated more recently will decrease? I wouldn’t necessarily say things are peachy keen now, but I have to think lending practices have gotten better. No ARMs, no stated incomes.

Just because the price of your house goes down, doesn’t mean you default. Just because I have less money to put down doesn’t mean I can’t afford to make my monthly payments. If I have $180K to put down, I still might meet terrible circumstances in the future. The bank will still foreclose. I guess you could ASSUME I’d have more savings, but why would you assume I personally am not planning on building up savings for a contingency event?

Because I am a NEW attorney, I don’t have a ton of built-up savings. $60K is a tiny amount?

[chrisp]

[quote=patientrenter]
To the extent that you are stretching the price, you are getting taxpayers and savers like us Piggs to use mostly our money to help you keep home prices inflated. So we’re kinda tetchy, like I said before.[/quote]

Your argument is a stretch to me. To the extent I am stretching (am I?), I am not using your money. If I were to default, I might be using SOME of your money. Making your correlation is too much for me. I understand you can be upset if people are keeping prices high, but people are going to buy when they want and need to. If I wanted to wait a few years for things to go down, maybe I would. You do, good for you.

Also, you don’t think default rates from loans that have originated more recently will decrease? I wouldn’t necessarily say things are peachy keen now, but I have to think lending practices have gotten better. No ARMs, no stated incomes.

Just because the price of your house goes down, doesn’t mean you default. Just because I have less money to put down doesn’t mean I can’t afford to make my monthly payments. If I have $180K to put down, I still might meet terrible circumstances in the future. The bank will still foreclose. I guess you could ASSUME I’d have more savings, but why would you assume I personally am not planning on building up savings for a contingency event?

Because I am a NEW attorney, I don’t have a ton of built-up savings. $60K is a tiny amount?

[chrisp]

[quote=patientrenter]
To the extent that you are stretching the price, you are getting taxpayers and savers like us Piggs to use mostly our money to help you keep home prices inflated. So we’re kinda tetchy, like I said before.[/quote]

Your argument is a stretch to me. To the extent I am stretching (am I?), I am not using your money. If I were to default, I might be using SOME of your money. Making your correlation is too much for me. I understand you can be upset if people are keeping prices high, but people are going to buy when they want and need to. If I wanted to wait a few years for things to go down, maybe I would. You do, good for you.

Also, you don’t think default rates from loans that have originated more recently will decrease? I wouldn’t necessarily say things are peachy keen now, but I have to think lending practices have gotten better. No ARMs, no stated incomes.

Just because the price of your house goes down, doesn’t mean you default. Just because I have less money to put down doesn’t mean I can’t afford to make my monthly payments. If I have $180K to put down, I still might meet terrible circumstances in the future. The bank will still foreclose. I guess you could ASSUME I’d have more savings, but why would you assume I personally am not planning on building up savings for a contingency event?

Because I am a NEW attorney, I don’t have a ton of built-up savings. $60K is a tiny amount?

[chrisp]

[quote=patientrenter]
To the extent that you are stretching the price, you are getting taxpayers and savers like us Piggs to use mostly our money to help you keep home prices inflated. So we’re kinda tetchy, like I said before.[/quote]

Your argument is a stretch to me. To the extent I am stretching (am I?), I am not using your money. If I were to default, I might be using SOME of your money. Making your correlation is too much for me. I understand you can be upset if people are keeping prices high, but people are going to buy when they want and need to. If I wanted to wait a few years for things to go down, maybe I would. You do, good for you.

Also, you don’t think default rates from loans that have originated more recently will decrease? I wouldn’t necessarily say things are peachy keen now, but I have to think lending practices have gotten better. No ARMs, no stated incomes.

Just because the price of your house goes down, doesn’t mean you default. Just because I have less money to put down doesn’t mean I can’t afford to make my monthly payments. If I have $180K to put down, I still might meet terrible circumstances in the future. The bank will still foreclose. I guess you could ASSUME I’d have more savings, but why would you assume I personally am not planning on building up savings for a contingency event?

Because I am a NEW attorney, I don’t have a ton of built-up savings. $60K is a tiny amount?

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