Forum Replies Created
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cr
ParticipantHelicopter Boy can only lower rates 3 more basis points, less than double what he did in 8 days last month – what’s he going to do, pay people to borrow money with negative rates?
We’re already at the point where lower rates are not only having negative long term affects, but short term too.
Banks are raising mortgage rates, and if they are forced by a judge to lower rates to people who can’t afford their homes, that will enrage those who do pay on time when banks raise their rates even more. It will also drive home sales numbers to all time record lows, and thus prices.
Credit card rates may go down short term, but as defaults on those rise the rates will too.
I’m waiting for the Monday morning quarterback article to come out that says in retrospect an immediate rate increase at the onset of the mortgage/credit “crisis” would have been a better response.
cr
ParticipantHelicopter Boy can only lower rates 3 more basis points, less than double what he did in 8 days last month – what’s he going to do, pay people to borrow money with negative rates?
We’re already at the point where lower rates are not only having negative long term affects, but short term too.
Banks are raising mortgage rates, and if they are forced by a judge to lower rates to people who can’t afford their homes, that will enrage those who do pay on time when banks raise their rates even more. It will also drive home sales numbers to all time record lows, and thus prices.
Credit card rates may go down short term, but as defaults on those rise the rates will too.
I’m waiting for the Monday morning quarterback article to come out that says in retrospect an immediate rate increase at the onset of the mortgage/credit “crisis” would have been a better response.
cr
ParticipantHelicopter Boy can only lower rates 3 more basis points, less than double what he did in 8 days last month – what’s he going to do, pay people to borrow money with negative rates?
We’re already at the point where lower rates are not only having negative long term affects, but short term too.
Banks are raising mortgage rates, and if they are forced by a judge to lower rates to people who can’t afford their homes, that will enrage those who do pay on time when banks raise their rates even more. It will also drive home sales numbers to all time record lows, and thus prices.
Credit card rates may go down short term, but as defaults on those rise the rates will too.
I’m waiting for the Monday morning quarterback article to come out that says in retrospect an immediate rate increase at the onset of the mortgage/credit “crisis” would have been a better response.
cr
ParticipantHelicopter Boy can only lower rates 3 more basis points, less than double what he did in 8 days last month – what’s he going to do, pay people to borrow money with negative rates?
We’re already at the point where lower rates are not only having negative long term affects, but short term too.
Banks are raising mortgage rates, and if they are forced by a judge to lower rates to people who can’t afford their homes, that will enrage those who do pay on time when banks raise their rates even more. It will also drive home sales numbers to all time record lows, and thus prices.
Credit card rates may go down short term, but as defaults on those rise the rates will too.
I’m waiting for the Monday morning quarterback article to come out that says in retrospect an immediate rate increase at the onset of the mortgage/credit “crisis” would have been a better response.
cr
ParticipantMaybe it’s an implied message to home owners that their homes are not worth what they think they are.
cr
ParticipantMaybe it’s an implied message to home owners that their homes are not worth what they think they are.
cr
ParticipantMaybe it’s an implied message to home owners that their homes are not worth what they think they are.
cr
ParticipantMaybe it’s an implied message to home owners that their homes are not worth what they think they are.
cr
ParticipantMaybe it’s an implied message to home owners that their homes are not worth what they think they are.
February 26, 2008 at 10:44 AM in reply to: Housing Prices Near Bottom according to MotleyFool #160176cr
ParticipantI normally find Motley Fool reliable but in this instance I am reminded of David Lereah and Jim Cramer 2 years ago: ignorant, lying, and spreading propaganda.
I’d be less surprised if the fool was put up to this article by the NAR than if even one of their arguments held water.
It’s not ever worth refuting because the primary key to housing affordabililty is not once mentioned in that entire article.
February 26, 2008 at 10:44 AM in reply to: Housing Prices Near Bottom according to MotleyFool #160474cr
ParticipantI normally find Motley Fool reliable but in this instance I am reminded of David Lereah and Jim Cramer 2 years ago: ignorant, lying, and spreading propaganda.
I’d be less surprised if the fool was put up to this article by the NAR than if even one of their arguments held water.
It’s not ever worth refuting because the primary key to housing affordabililty is not once mentioned in that entire article.
February 26, 2008 at 10:44 AM in reply to: Housing Prices Near Bottom according to MotleyFool #160488cr
ParticipantI normally find Motley Fool reliable but in this instance I am reminded of David Lereah and Jim Cramer 2 years ago: ignorant, lying, and spreading propaganda.
I’d be less surprised if the fool was put up to this article by the NAR than if even one of their arguments held water.
It’s not ever worth refuting because the primary key to housing affordabililty is not once mentioned in that entire article.
February 26, 2008 at 10:44 AM in reply to: Housing Prices Near Bottom according to MotleyFool #160490cr
ParticipantI normally find Motley Fool reliable but in this instance I am reminded of David Lereah and Jim Cramer 2 years ago: ignorant, lying, and spreading propaganda.
I’d be less surprised if the fool was put up to this article by the NAR than if even one of their arguments held water.
It’s not ever worth refuting because the primary key to housing affordabililty is not once mentioned in that entire article.
February 26, 2008 at 10:44 AM in reply to: Housing Prices Near Bottom according to MotleyFool #160572cr
ParticipantI normally find Motley Fool reliable but in this instance I am reminded of David Lereah and Jim Cramer 2 years ago: ignorant, lying, and spreading propaganda.
I’d be less surprised if the fool was put up to this article by the NAR than if even one of their arguments held water.
It’s not ever worth refuting because the primary key to housing affordabililty is not once mentioned in that entire article.
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