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February 20, 2008 at 7:05 PM in reply to: CNNMoney.com: Subprime loans defaulting even before resets #156666February 20, 2008 at 7:05 PM in reply to: CNNMoney.com: Subprime loans defaulting even before resets #156949
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ParticipantMr. Su was dead on. It’s hard to believe people can’t even make the introductory payments.
What is the implication?
Where to start:
– Real Estate isn’t a great investment
– Prices are nowhere near the bottom
– It’s not a good time to buy, even a foreclosure
– Not everyone wants to live here after all
– The consumer isn’t as strong as once thought
– You can’t spend your way to financial freedom
– Credit scores and pay stubs DO mean something
– Lowering rates is futile, and will make things worseAny others?
February 20, 2008 at 7:05 PM in reply to: CNNMoney.com: Subprime loans defaulting even before resets #156951ParticipantMr. Su was dead on. It’s hard to believe people can’t even make the introductory payments.
What is the implication?
Where to start:
– Real Estate isn’t a great investment
– Prices are nowhere near the bottom
– It’s not a good time to buy, even a foreclosure
– Not everyone wants to live here after all
– The consumer isn’t as strong as once thought
– You can’t spend your way to financial freedom
– Credit scores and pay stubs DO mean something
– Lowering rates is futile, and will make things worseAny others?
February 20, 2008 at 7:05 PM in reply to: CNNMoney.com: Subprime loans defaulting even before resets #156967ParticipantMr. Su was dead on. It’s hard to believe people can’t even make the introductory payments.
What is the implication?
Where to start:
– Real Estate isn’t a great investment
– Prices are nowhere near the bottom
– It’s not a good time to buy, even a foreclosure
– Not everyone wants to live here after all
– The consumer isn’t as strong as once thought
– You can’t spend your way to financial freedom
– Credit scores and pay stubs DO mean something
– Lowering rates is futile, and will make things worseAny others?
February 20, 2008 at 7:05 PM in reply to: CNNMoney.com: Subprime loans defaulting even before resets #157042ParticipantMr. Su was dead on. It’s hard to believe people can’t even make the introductory payments.
What is the implication?
Where to start:
– Real Estate isn’t a great investment
– Prices are nowhere near the bottom
– It’s not a good time to buy, even a foreclosure
– Not everyone wants to live here after all
– The consumer isn’t as strong as once thought
– You can’t spend your way to financial freedom
– Credit scores and pay stubs DO mean something
– Lowering rates is futile, and will make things worseAny others?
ParticipantProblems with that are it takes foresight, which no one in finance or politics seems to have, and it would scare investors into the relization that people cannot indefinately spend more than they make.
As a result the financial markets would take a huge hit, but it likely would be no different the net hit we have seen since Oct ’07 and will continue to see.
You can’t inflate your way out of a bubble, but the FED seems to think so.
ParticipantProblems with that are it takes foresight, which no one in finance or politics seems to have, and it would scare investors into the relization that people cannot indefinately spend more than they make.
As a result the financial markets would take a huge hit, but it likely would be no different the net hit we have seen since Oct ’07 and will continue to see.
You can’t inflate your way out of a bubble, but the FED seems to think so.
ParticipantProblems with that are it takes foresight, which no one in finance or politics seems to have, and it would scare investors into the relization that people cannot indefinately spend more than they make.
As a result the financial markets would take a huge hit, but it likely would be no different the net hit we have seen since Oct ’07 and will continue to see.
You can’t inflate your way out of a bubble, but the FED seems to think so.
ParticipantProblems with that are it takes foresight, which no one in finance or politics seems to have, and it would scare investors into the relization that people cannot indefinately spend more than they make.
As a result the financial markets would take a huge hit, but it likely would be no different the net hit we have seen since Oct ’07 and will continue to see.
You can’t inflate your way out of a bubble, but the FED seems to think so.
ParticipantProblems with that are it takes foresight, which no one in finance or politics seems to have, and it would scare investors into the relization that people cannot indefinately spend more than they make.
As a result the financial markets would take a huge hit, but it likely would be no different the net hit we have seen since Oct ’07 and will continue to see.
You can’t inflate your way out of a bubble, but the FED seems to think so.
Participant“delay the inevitable.”
So the foreclosure process goes from 6 months to 7 months – way to go socialism!
“I think people are frustrated and they want to see a bigger fix,”
Yes, it’s called self-correcting free market capitalism, reap what you sew, not biting off more than you can chew, paying the piper, et al, etc, ad nauseum.
If you bought more home than you can afford you should not be in that home.
Participant“delay the inevitable.”
So the foreclosure process goes from 6 months to 7 months – way to go socialism!
“I think people are frustrated and they want to see a bigger fix,”
Yes, it’s called self-correcting free market capitalism, reap what you sew, not biting off more than you can chew, paying the piper, et al, etc, ad nauseum.
If you bought more home than you can afford you should not be in that home.
Participant“delay the inevitable.”
So the foreclosure process goes from 6 months to 7 months – way to go socialism!
“I think people are frustrated and they want to see a bigger fix,”
Yes, it’s called self-correcting free market capitalism, reap what you sew, not biting off more than you can chew, paying the piper, et al, etc, ad nauseum.
If you bought more home than you can afford you should not be in that home.
Participant“delay the inevitable.”
So the foreclosure process goes from 6 months to 7 months – way to go socialism!
“I think people are frustrated and they want to see a bigger fix,”
Yes, it’s called self-correcting free market capitalism, reap what you sew, not biting off more than you can chew, paying the piper, et al, etc, ad nauseum.
If you bought more home than you can afford you should not be in that home.
Participant“delay the inevitable.”
So the foreclosure process goes from 6 months to 7 months – way to go socialism!
“I think people are frustrated and they want to see a bigger fix,”
Yes, it’s called self-correcting free market capitalism, reap what you sew, not biting off more than you can chew, paying the piper, et al, etc, ad nauseum.
If you bought more home than you can afford you should not be in that home.
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