[cr]

I’ve always thought that raising limits would only make things worse.

It’s an ignorant excuse IMO to think that tightened lending standards are why prices are dropping. These are lending standards we should had have all along.

It’s no surprise rates are higher now, but even if they were lower it wouldn’t change the fact that incomes are nowhere near where they need to be to support these prices.

Tighter standards are only going to slow sales moving forward, they have nothing to do with the number of people facing negative equity, default and foreclosure.

The media calls this a credit crisis, but as someone else said it’s really a debt, and lack of income crisis. I guess you could also add lack of intelligence, common sense, and prudence.

[cr]

I’ve always thought that raising limits would only make things worse.

It’s an ignorant excuse IMO to think that tightened lending standards are why prices are dropping. These are lending standards we should had have all along.

It’s no surprise rates are higher now, but even if they were lower it wouldn’t change the fact that incomes are nowhere near where they need to be to support these prices.

Tighter standards are only going to slow sales moving forward, they have nothing to do with the number of people facing negative equity, default and foreclosure.

The media calls this a credit crisis, but as someone else said it’s really a debt, and lack of income crisis. I guess you could also add lack of intelligence, common sense, and prudence.

[cr]

I’ve always thought that raising limits would only make things worse.

It’s an ignorant excuse IMO to think that tightened lending standards are why prices are dropping. These are lending standards we should had have all along.

It’s no surprise rates are higher now, but even if they were lower it wouldn’t change the fact that incomes are nowhere near where they need to be to support these prices.

Tighter standards are only going to slow sales moving forward, they have nothing to do with the number of people facing negative equity, default and foreclosure.

The media calls this a credit crisis, but as someone else said it’s really a debt, and lack of income crisis. I guess you could also add lack of intelligence, common sense, and prudence.

[cr]

I’ve always thought that raising limits would only make things worse.

It’s an ignorant excuse IMO to think that tightened lending standards are why prices are dropping. These are lending standards we should had have all along.

It’s no surprise rates are higher now, but even if they were lower it wouldn’t change the fact that incomes are nowhere near where they need to be to support these prices.

Tighter standards are only going to slow sales moving forward, they have nothing to do with the number of people facing negative equity, default and foreclosure.

The media calls this a credit crisis, but as someone else said it’s really a debt, and lack of income crisis. I guess you could also add lack of intelligence, common sense, and prudence.

[cr]

I’ve always thought that raising limits would only make things worse.

It’s an ignorant excuse IMO to think that tightened lending standards are why prices are dropping. These are lending standards we should had have all along.

It’s no surprise rates are higher now, but even if they were lower it wouldn’t change the fact that incomes are nowhere near where they need to be to support these prices.

Tighter standards are only going to slow sales moving forward, they have nothing to do with the number of people facing negative equity, default and foreclosure.

The media calls this a credit crisis, but as someone else said it’s really a debt, and lack of income crisis. I guess you could also add lack of intelligence, common sense, and prudence.

[cr]

Tell your realtor you’re waiting for the influx of summer inventory to see more $1MM homes, and that you believe they will actually fall below $1MM. If he laughs at you, I’d recommend a new realtor too.

[cr]

Tell your realtor you’re waiting for the influx of summer inventory to see more $1MM homes, and that you believe they will actually fall below $1MM. If he laughs at you, I’d recommend a new realtor too.

[cr]

Tell your realtor you’re waiting for the influx of summer inventory to see more $1MM homes, and that you believe they will actually fall below $1MM. If he laughs at you, I’d recommend a new realtor too.

[cr]

Tell your realtor you’re waiting for the influx of summer inventory to see more $1MM homes, and that you believe they will actually fall below $1MM. If he laughs at you, I’d recommend a new realtor too.

[cr]

Tell your realtor you’re waiting for the influx of summer inventory to see more $1MM homes, and that you believe they will actually fall below $1MM. If he laughs at you, I’d recommend a new realtor too.

[cr]

I read an article the other day on the rising number of foreclosures in nearly every major market except Philadelphia. It then subtly pointed out Philly has a moratorium on foreclosures.

I think people are starting to realize sitting this bubble out wasn’t such a bad idea. Even if inventories are truly flat and not due to unlisted REOs, with 12 months of it there would have to be 6 months of sales at 2007’s non-recession, yet-to-realize-housing-crashed pace with no new homes listed just to get back to where listing a house is worthwhile.

Look at Rich’s graphs. From March to June each year it started to look like things were picking up until Aug-Oct, when they get slammed, and each year it’s gotten worse. It won’t continue forever like that, but the Padres have a better chance of winning the Super Bowl than 2008 not being far worse than 2007.

Yes, I said Padres and Super Bowl.

[cr]

I read an article the other day on the rising number of foreclosures in nearly every major market except Philadelphia. It then subtly pointed out Philly has a moratorium on foreclosures.

I think people are starting to realize sitting this bubble out wasn’t such a bad idea. Even if inventories are truly flat and not due to unlisted REOs, with 12 months of it there would have to be 6 months of sales at 2007’s non-recession, yet-to-realize-housing-crashed pace with no new homes listed just to get back to where listing a house is worthwhile.

Look at Rich’s graphs. From March to June each year it started to look like things were picking up until Aug-Oct, when they get slammed, and each year it’s gotten worse. It won’t continue forever like that, but the Padres have a better chance of winning the Super Bowl than 2008 not being far worse than 2007.

Yes, I said Padres and Super Bowl.

[cr]

I read an article the other day on the rising number of foreclosures in nearly every major market except Philadelphia. It then subtly pointed out Philly has a moratorium on foreclosures.

I think people are starting to realize sitting this bubble out wasn’t such a bad idea. Even if inventories are truly flat and not due to unlisted REOs, with 12 months of it there would have to be 6 months of sales at 2007’s non-recession, yet-to-realize-housing-crashed pace with no new homes listed just to get back to where listing a house is worthwhile.

Look at Rich’s graphs. From March to June each year it started to look like things were picking up until Aug-Oct, when they get slammed, and each year it’s gotten worse. It won’t continue forever like that, but the Padres have a better chance of winning the Super Bowl than 2008 not being far worse than 2007.

Yes, I said Padres and Super Bowl.

[cr]

I read an article the other day on the rising number of foreclosures in nearly every major market except Philadelphia. It then subtly pointed out Philly has a moratorium on foreclosures.

I think people are starting to realize sitting this bubble out wasn’t such a bad idea. Even if inventories are truly flat and not due to unlisted REOs, with 12 months of it there would have to be 6 months of sales at 2007’s non-recession, yet-to-realize-housing-crashed pace with no new homes listed just to get back to where listing a house is worthwhile.

Look at Rich’s graphs. From March to June each year it started to look like things were picking up until Aug-Oct, when they get slammed, and each year it’s gotten worse. It won’t continue forever like that, but the Padres have a better chance of winning the Super Bowl than 2008 not being far worse than 2007.

Yes, I said Padres and Super Bowl.

[cr]

I read an article the other day on the rising number of foreclosures in nearly every major market except Philadelphia. It then subtly pointed out Philly has a moratorium on foreclosures.

I think people are starting to realize sitting this bubble out wasn’t such a bad idea. Even if inventories are truly flat and not due to unlisted REOs, with 12 months of it there would have to be 6 months of sales at 2007’s non-recession, yet-to-realize-housing-crashed pace with no new homes listed just to get back to where listing a house is worthwhile.

Look at Rich’s graphs. From March to June each year it started to look like things were picking up until Aug-Oct, when they get slammed, and each year it’s gotten worse. It won’t continue forever like that, but the Padres have a better chance of winning the Super Bowl than 2008 not being far worse than 2007.

Yes, I said Padres and Super Bowl.

[Author]

Posts