[cr]

I think he means a flat 1.5% the moment a home in the area goes into foreclosure.

Here’s a question though: would you prefer people walk on their mortgages or the government bail them out?

Both have negative moral implications. People walking out will cause banks to make up the loss on new loans, while a bailout will tend to keep prices inflated.

Given that I have to say I’d rather see people walk. As banks raise rates to cover their losses, it should drive down demand even more.

[cr]

It’s been more than year since this was posted and I’m wondering what some of the people on these boards now think about this claim given the Fed’s response in the last 16 months, the value of the dollar, etc.

Here’s one argument for this:

http://www.fdrs.org/federal_reserve.html (similar to the info in this original post)

and one against it:

http://www.usagold.com/federalreserve.html

Thoughts?

[cr]

It’s been more than year since this was posted and I’m wondering what some of the people on these boards now think about this claim given the Fed’s response in the last 16 months, the value of the dollar, etc.

Here’s one argument for this:

http://www.fdrs.org/federal_reserve.html (similar to the info in this original post)

and one against it:

http://www.usagold.com/federalreserve.html

Thoughts?

[cr]

It’s been more than year since this was posted and I’m wondering what some of the people on these boards now think about this claim given the Fed’s response in the last 16 months, the value of the dollar, etc.

Here’s one argument for this:

http://www.fdrs.org/federal_reserve.html (similar to the info in this original post)

and one against it:

http://www.usagold.com/federalreserve.html

Thoughts?

[cr]

It’s been more than year since this was posted and I’m wondering what some of the people on these boards now think about this claim given the Fed’s response in the last 16 months, the value of the dollar, etc.

Here’s one argument for this:

http://www.fdrs.org/federal_reserve.html (similar to the info in this original post)

and one against it:

http://www.usagold.com/federalreserve.html

Thoughts?

[cr]

It’s been more than year since this was posted and I’m wondering what some of the people on these boards now think about this claim given the Fed’s response in the last 16 months, the value of the dollar, etc.

Here’s one argument for this:

http://www.fdrs.org/federal_reserve.html (similar to the info in this original post)

and one against it:

http://www.usagold.com/federalreserve.html

Thoughts?

[cr]

As Rich alluded to in a recent article the higher end areas weren’t necessarily all bought into by the upper class millionaires. Many were middle class families who suddenly attained the American Dream of being rich because their equity doubled, so they went out a bought an even bigger house.

There’s no reason to think any place is immune in this downturn, particularly since we are only now seeing the spillover effects that a year ago BB said were non-existant.

Subprime was such a disaster MSM and all the “experts” thought that was the extend of the problem. “Prime” will probably dwarf sub-prime.

[cr]

As Rich alluded to in a recent article the higher end areas weren’t necessarily all bought into by the upper class millionaires. Many were middle class families who suddenly attained the American Dream of being rich because their equity doubled, so they went out a bought an even bigger house.

There’s no reason to think any place is immune in this downturn, particularly since we are only now seeing the spillover effects that a year ago BB said were non-existant.

Subprime was such a disaster MSM and all the “experts” thought that was the extend of the problem. “Prime” will probably dwarf sub-prime.

[cr]

As Rich alluded to in a recent article the higher end areas weren’t necessarily all bought into by the upper class millionaires. Many were middle class families who suddenly attained the American Dream of being rich because their equity doubled, so they went out a bought an even bigger house.

There’s no reason to think any place is immune in this downturn, particularly since we are only now seeing the spillover effects that a year ago BB said were non-existant.

Subprime was such a disaster MSM and all the “experts” thought that was the extend of the problem. “Prime” will probably dwarf sub-prime.

[cr]

As Rich alluded to in a recent article the higher end areas weren’t necessarily all bought into by the upper class millionaires. Many were middle class families who suddenly attained the American Dream of being rich because their equity doubled, so they went out a bought an even bigger house.

There’s no reason to think any place is immune in this downturn, particularly since we are only now seeing the spillover effects that a year ago BB said were non-existant.

Subprime was such a disaster MSM and all the “experts” thought that was the extend of the problem. “Prime” will probably dwarf sub-prime.

[cr]

As Rich alluded to in a recent article the higher end areas weren’t necessarily all bought into by the upper class millionaires. Many were middle class families who suddenly attained the American Dream of being rich because their equity doubled, so they went out a bought an even bigger house.

There’s no reason to think any place is immune in this downturn, particularly since we are only now seeing the spillover effects that a year ago BB said were non-existant.

Subprime was such a disaster MSM and all the “experts” thought that was the extend of the problem. “Prime” will probably dwarf sub-prime.

[cr]

I think you have to put things in perspective.

This last bull run was built almost entirely on debt. That pool dried up along with the ability and willingness to continue to pile it on. The world of buy now, pay later is gone because later is here.

I’m just glad to maintain employment at a rate that allows me to save for a home some day.

As more and more people delay home buying prices can only fall further. As long as I stay employed I’ll be fine, but entering a recession that’s of course a bigger concern than prices not falling 50%.

[cr]

I think you have to put things in perspective.

This last bull run was built almost entirely on debt. That pool dried up along with the ability and willingness to continue to pile it on. The world of buy now, pay later is gone because later is here.

I’m just glad to maintain employment at a rate that allows me to save for a home some day.

As more and more people delay home buying prices can only fall further. As long as I stay employed I’ll be fine, but entering a recession that’s of course a bigger concern than prices not falling 50%.

[cr]

I think you have to put things in perspective.

This last bull run was built almost entirely on debt. That pool dried up along with the ability and willingness to continue to pile it on. The world of buy now, pay later is gone because later is here.

I’m just glad to maintain employment at a rate that allows me to save for a home some day.

As more and more people delay home buying prices can only fall further. As long as I stay employed I’ll be fine, but entering a recession that’s of course a bigger concern than prices not falling 50%.

[cr]

I think you have to put things in perspective.

This last bull run was built almost entirely on debt. That pool dried up along with the ability and willingness to continue to pile it on. The world of buy now, pay later is gone because later is here.

I’m just glad to maintain employment at a rate that allows me to save for a home some day.

As more and more people delay home buying prices can only fall further. As long as I stay employed I’ll be fine, but entering a recession that’s of course a bigger concern than prices not falling 50%.

[Author]

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