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ParticipantI’d honestly be surprised if people “hoping” to qualify even have the $15,000-20,000 needed for a down payment.
And even they did as kev said they may not have the income, job stability, orcredit score to qualify.
I don’t know how long it will take until policy makers, banks, and fickle bandwagon media “experts” figure out making more money available to borrow is not the answer. In fact it was the problem to being with.
ParticipantI’d honestly be surprised if people “hoping” to qualify even have the $15,000-20,000 needed for a down payment.
And even they did as kev said they may not have the income, job stability, orcredit score to qualify.
I don’t know how long it will take until policy makers, banks, and fickle bandwagon media “experts” figure out making more money available to borrow is not the answer. In fact it was the problem to being with.
ParticipantI’d honestly be surprised if people “hoping” to qualify even have the $15,000-20,000 needed for a down payment.
And even they did as kev said they may not have the income, job stability, orcredit score to qualify.
I don’t know how long it will take until policy makers, banks, and fickle bandwagon media “experts” figure out making more money available to borrow is not the answer. In fact it was the problem to being with.
ParticipantI’d honestly be surprised if people “hoping” to qualify even have the $15,000-20,000 needed for a down payment.
And even they did as kev said they may not have the income, job stability, orcredit score to qualify.
I don’t know how long it will take until policy makers, banks, and fickle bandwagon media “experts” figure out making more money available to borrow is not the answer. In fact it was the problem to being with.
ParticipantIt is hard to understand why some people are so keen to run for national offices!
Unless you’re Ron Paul who actually wants to make governemnt worth its weight in a gold colored liquid we flush down the toilet.
ParticipantIt is hard to understand why some people are so keen to run for national offices!
Unless you’re Ron Paul who actually wants to make governemnt worth its weight in a gold colored liquid we flush down the toilet.
ParticipantIt is hard to understand why some people are so keen to run for national offices!
Unless you’re Ron Paul who actually wants to make governemnt worth its weight in a gold colored liquid we flush down the toilet.
ParticipantIt is hard to understand why some people are so keen to run for national offices!
Unless you’re Ron Paul who actually wants to make governemnt worth its weight in a gold colored liquid we flush down the toilet.
ParticipantIt is hard to understand why some people are so keen to run for national offices!
Unless you’re Ron Paul who actually wants to make governemnt worth its weight in a gold colored liquid we flush down the toilet.
ParticipantReally it’s a negative for the bank, but better than having another REO. The bigger benefit is for the family, as long as they can still afford the increase.
However the longer term effects are much more negative.
Artifically propping up prices/values above market value, prices out a segement of potential buyers and forces banks to make up for the money elsewhere i.e. higher rates on future loans. This will delay buying decisions, slow the correction, drag out the recession, and ultimately drive prices down even longer.
Hopefully the people now paying in this case $300 more won’t have the source of income hit by the resultant recession or they’ll likely end up in foreclosure anyway.
Of course you can’t expect politicians to ever see beyond the next Super Tuesday.
ParticipantReally it’s a negative for the bank, but better than having another REO. The bigger benefit is for the family, as long as they can still afford the increase.
However the longer term effects are much more negative.
Artifically propping up prices/values above market value, prices out a segement of potential buyers and forces banks to make up for the money elsewhere i.e. higher rates on future loans. This will delay buying decisions, slow the correction, drag out the recession, and ultimately drive prices down even longer.
Hopefully the people now paying in this case $300 more won’t have the source of income hit by the resultant recession or they’ll likely end up in foreclosure anyway.
Of course you can’t expect politicians to ever see beyond the next Super Tuesday.
ParticipantReally it’s a negative for the bank, but better than having another REO. The bigger benefit is for the family, as long as they can still afford the increase.
However the longer term effects are much more negative.
Artifically propping up prices/values above market value, prices out a segement of potential buyers and forces banks to make up for the money elsewhere i.e. higher rates on future loans. This will delay buying decisions, slow the correction, drag out the recession, and ultimately drive prices down even longer.
Hopefully the people now paying in this case $300 more won’t have the source of income hit by the resultant recession or they’ll likely end up in foreclosure anyway.
Of course you can’t expect politicians to ever see beyond the next Super Tuesday.
ParticipantReally it’s a negative for the bank, but better than having another REO. The bigger benefit is for the family, as long as they can still afford the increase.
However the longer term effects are much more negative.
Artifically propping up prices/values above market value, prices out a segement of potential buyers and forces banks to make up for the money elsewhere i.e. higher rates on future loans. This will delay buying decisions, slow the correction, drag out the recession, and ultimately drive prices down even longer.
Hopefully the people now paying in this case $300 more won’t have the source of income hit by the resultant recession or they’ll likely end up in foreclosure anyway.
Of course you can’t expect politicians to ever see beyond the next Super Tuesday.
ParticipantReally it’s a negative for the bank, but better than having another REO. The bigger benefit is for the family, as long as they can still afford the increase.
However the longer term effects are much more negative.
Artifically propping up prices/values above market value, prices out a segement of potential buyers and forces banks to make up for the money elsewhere i.e. higher rates on future loans. This will delay buying decisions, slow the correction, drag out the recession, and ultimately drive prices down even longer.
Hopefully the people now paying in this case $300 more won’t have the source of income hit by the resultant recession or they’ll likely end up in foreclosure anyway.
Of course you can’t expect politicians to ever see beyond the next Super Tuesday.
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