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ParticipantDoes anyone see why this interest rate thing couldn’t spread to credit card debt, where people rack up massive debt in things they can’t afford and cash advances then say they didn’t know they had to pay even more money back?
Would some lawyer, politician, or liberal fight for them to pay only a portion back?
Sounds ridiculous but that’s exactly what’s happening in housing.
ParticipantDoes anyone see why this interest rate thing couldn’t spread to credit card debt, where people rack up massive debt in things they can’t afford and cash advances then say they didn’t know they had to pay even more money back?
Would some lawyer, politician, or liberal fight for them to pay only a portion back?
Sounds ridiculous but that’s exactly what’s happening in housing.
ParticipantDoes anyone see why this interest rate thing couldn’t spread to credit card debt, where people rack up massive debt in things they can’t afford and cash advances then say they didn’t know they had to pay even more money back?
Would some lawyer, politician, or liberal fight for them to pay only a portion back?
Sounds ridiculous but that’s exactly what’s happening in housing.
ParticipantDoes anyone see why this interest rate thing couldn’t spread to credit card debt, where people rack up massive debt in things they can’t afford and cash advances then say they didn’t know they had to pay even more money back?
Would some lawyer, politician, or liberal fight for them to pay only a portion back?
Sounds ridiculous but that’s exactly what’s happening in housing.
ParticipantEven Zillow is announcing price declines. I got this in an email from them:
“Zillow’s latest Home Value Report shows that over the past year, U.S. single-family home values have decreased by 5.5%, while condo values have declined by 7.4%.”
This may be an indication of why Zillow is still over-priced; last I heard the national average went down 17%. Anyone else?
Zillow also had this:
“39% of Americans who bought a home in 2006, and 30% of those who purchased in 2007, now have negative home equity—meaning they owe more on their mortgage than their home is currently worth. “
That’s okay though, Super Hero Ben Bernanke stands by ready to take action!
ParticipantEven Zillow is announcing price declines. I got this in an email from them:
“Zillow’s latest Home Value Report shows that over the past year, U.S. single-family home values have decreased by 5.5%, while condo values have declined by 7.4%.”
This may be an indication of why Zillow is still over-priced; last I heard the national average went down 17%. Anyone else?
Zillow also had this:
“39% of Americans who bought a home in 2006, and 30% of those who purchased in 2007, now have negative home equity—meaning they owe more on their mortgage than their home is currently worth. “
That’s okay though, Super Hero Ben Bernanke stands by ready to take action!
ParticipantEven Zillow is announcing price declines. I got this in an email from them:
“Zillow’s latest Home Value Report shows that over the past year, U.S. single-family home values have decreased by 5.5%, while condo values have declined by 7.4%.”
This may be an indication of why Zillow is still over-priced; last I heard the national average went down 17%. Anyone else?
Zillow also had this:
“39% of Americans who bought a home in 2006, and 30% of those who purchased in 2007, now have negative home equity—meaning they owe more on their mortgage than their home is currently worth. “
That’s okay though, Super Hero Ben Bernanke stands by ready to take action!
ParticipantEven Zillow is announcing price declines. I got this in an email from them:
“Zillow’s latest Home Value Report shows that over the past year, U.S. single-family home values have decreased by 5.5%, while condo values have declined by 7.4%.”
This may be an indication of why Zillow is still over-priced; last I heard the national average went down 17%. Anyone else?
Zillow also had this:
“39% of Americans who bought a home in 2006, and 30% of those who purchased in 2007, now have negative home equity—meaning they owe more on their mortgage than their home is currently worth. “
That’s okay though, Super Hero Ben Bernanke stands by ready to take action!
ParticipantEven Zillow is announcing price declines. I got this in an email from them:
“Zillow’s latest Home Value Report shows that over the past year, U.S. single-family home values have decreased by 5.5%, while condo values have declined by 7.4%.”
This may be an indication of why Zillow is still over-priced; last I heard the national average went down 17%. Anyone else?
Zillow also had this:
“39% of Americans who bought a home in 2006, and 30% of those who purchased in 2007, now have negative home equity—meaning they owe more on their mortgage than their home is currently worth. “
That’s okay though, Super Hero Ben Bernanke stands by ready to take action!
ParticipantI don’t believe it’s accurate to justify high US prices by looking at Europe.
The US produces much more oil domestically than Europe and that keeps our costs lower. Everything from inflation, a weak dollar, instability, and corrupt business/politics keeps the oil companies reaping record profits, while no one in the media/political arena raises an eyebrow.
ParticipantI don’t believe it’s accurate to justify high US prices by looking at Europe.
The US produces much more oil domestically than Europe and that keeps our costs lower. Everything from inflation, a weak dollar, instability, and corrupt business/politics keeps the oil companies reaping record profits, while no one in the media/political arena raises an eyebrow.
ParticipantI don’t believe it’s accurate to justify high US prices by looking at Europe.
The US produces much more oil domestically than Europe and that keeps our costs lower. Everything from inflation, a weak dollar, instability, and corrupt business/politics keeps the oil companies reaping record profits, while no one in the media/political arena raises an eyebrow.
ParticipantI don’t believe it’s accurate to justify high US prices by looking at Europe.
The US produces much more oil domestically than Europe and that keeps our costs lower. Everything from inflation, a weak dollar, instability, and corrupt business/politics keeps the oil companies reaping record profits, while no one in the media/political arena raises an eyebrow.
ParticipantI don’t believe it’s accurate to justify high US prices by looking at Europe.
The US produces much more oil domestically than Europe and that keeps our costs lower. Everything from inflation, a weak dollar, instability, and corrupt business/politics keeps the oil companies reaping record profits, while no one in the media/political arena raises an eyebrow.
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