[cr]

Do the average tenure rates you guys have found of 5 or 10 years start that term over after a refi or HELOC?

In other words, could there be an unnaccounted number of people facing rising payments who may be forced to sell/foreclose without having bought or sold in the last decade?

[cr]

Do the average tenure rates you guys have found of 5 or 10 years start that term over after a refi or HELOC?

In other words, could there be an unnaccounted number of people facing rising payments who may be forced to sell/foreclose without having bought or sold in the last decade?

[cr]

Do the average tenure rates you guys have found of 5 or 10 years start that term over after a refi or HELOC?

In other words, could there be an unnaccounted number of people facing rising payments who may be forced to sell/foreclose without having bought or sold in the last decade?

[cr]

Do the average tenure rates you guys have found of 5 or 10 years start that term over after a refi or HELOC?

In other words, could there be an unnaccounted number of people facing rising payments who may be forced to sell/foreclose without having bought or sold in the last decade?

[cr]

Do the average tenure rates you guys have found of 5 or 10 years start that term over after a refi or HELOC?

In other words, could there be an unnaccounted number of people facing rising payments who may be forced to sell/foreclose without having bought or sold in the last decade?

[cr]

History is repeating itself.

“Meanwhile, U.S. home foreclosures almost doubled in October from a year earlier as subprime borrowers struggled to make higher payments on their adjustable-rate mortgages, according to data compiled by RealtyTrac Inc.

RealtyTrac reported 224,451 foreclosure filings, including default notices, auction notices and bank repossessions, a 94% jump from October 2006 and a 2% gain from September.”

Sales tanked again, and government numbers were wrong again:

“…the sales rate was down 23.5% from the rate of 952,000 a year ago.

September new-home sales fell 0.1% to an annual rate to 716,000; originally, the government said September sales rose by 4.8% to 770,000.”

Eventually these bad numbers will stop doubling and ebb up from one month to month, or even year to year time frame the bottom will be called. Then things will go down again, and panic will reinstate itself.

I don’t need to repeat all the reasons why this will continue for probably 7-10 years, but I personally am holding out for 2000 prices.

[cr]

History is repeating itself.

“Meanwhile, U.S. home foreclosures almost doubled in October from a year earlier as subprime borrowers struggled to make higher payments on their adjustable-rate mortgages, according to data compiled by RealtyTrac Inc.

RealtyTrac reported 224,451 foreclosure filings, including default notices, auction notices and bank repossessions, a 94% jump from October 2006 and a 2% gain from September.”

Sales tanked again, and government numbers were wrong again:

“…the sales rate was down 23.5% from the rate of 952,000 a year ago.

September new-home sales fell 0.1% to an annual rate to 716,000; originally, the government said September sales rose by 4.8% to 770,000.”

Eventually these bad numbers will stop doubling and ebb up from one month to month, or even year to year time frame the bottom will be called. Then things will go down again, and panic will reinstate itself.

I don’t need to repeat all the reasons why this will continue for probably 7-10 years, but I personally am holding out for 2000 prices.

[cr]

History is repeating itself.

“Meanwhile, U.S. home foreclosures almost doubled in October from a year earlier as subprime borrowers struggled to make higher payments on their adjustable-rate mortgages, according to data compiled by RealtyTrac Inc.

RealtyTrac reported 224,451 foreclosure filings, including default notices, auction notices and bank repossessions, a 94% jump from October 2006 and a 2% gain from September.”

Sales tanked again, and government numbers were wrong again:

“…the sales rate was down 23.5% from the rate of 952,000 a year ago.

September new-home sales fell 0.1% to an annual rate to 716,000; originally, the government said September sales rose by 4.8% to 770,000.”

Eventually these bad numbers will stop doubling and ebb up from one month to month, or even year to year time frame the bottom will be called. Then things will go down again, and panic will reinstate itself.

I don’t need to repeat all the reasons why this will continue for probably 7-10 years, but I personally am holding out for 2000 prices.

[cr]

History is repeating itself.

“Meanwhile, U.S. home foreclosures almost doubled in October from a year earlier as subprime borrowers struggled to make higher payments on their adjustable-rate mortgages, according to data compiled by RealtyTrac Inc.

RealtyTrac reported 224,451 foreclosure filings, including default notices, auction notices and bank repossessions, a 94% jump from October 2006 and a 2% gain from September.”

Sales tanked again, and government numbers were wrong again:

“…the sales rate was down 23.5% from the rate of 952,000 a year ago.

September new-home sales fell 0.1% to an annual rate to 716,000; originally, the government said September sales rose by 4.8% to 770,000.”

Eventually these bad numbers will stop doubling and ebb up from one month to month, or even year to year time frame the bottom will be called. Then things will go down again, and panic will reinstate itself.

I don’t need to repeat all the reasons why this will continue for probably 7-10 years, but I personally am holding out for 2000 prices.

[cr]

History is repeating itself.

“Meanwhile, U.S. home foreclosures almost doubled in October from a year earlier as subprime borrowers struggled to make higher payments on their adjustable-rate mortgages, according to data compiled by RealtyTrac Inc.

RealtyTrac reported 224,451 foreclosure filings, including default notices, auction notices and bank repossessions, a 94% jump from October 2006 and a 2% gain from September.”

Sales tanked again, and government numbers were wrong again:

“…the sales rate was down 23.5% from the rate of 952,000 a year ago.

September new-home sales fell 0.1% to an annual rate to 716,000; originally, the government said September sales rose by 4.8% to 770,000.”

Eventually these bad numbers will stop doubling and ebb up from one month to month, or even year to year time frame the bottom will be called. Then things will go down again, and panic will reinstate itself.

I don’t need to repeat all the reasons why this will continue for probably 7-10 years, but I personally am holding out for 2000 prices.

[cr]

I heard for the first time in mainstream media some lady on CNBC yesterday say dropping prices are a good thing, because people will actually be able to afford homes.

All the billions in equity you hear people lamenting about homeowners losing was never even their money in the first place. The fact is not everyone can own a home, and there’s still a significant correction underway. Since it’s a hot political topic though, politician’s will pretend to care until a more pressing issue surfaces.

If Congress wants to help, they can take a pay cut and bail out their constituents out of their own pension.

[cr]

I heard for the first time in mainstream media some lady on CNBC yesterday say dropping prices are a good thing, because people will actually be able to afford homes.

All the billions in equity you hear people lamenting about homeowners losing was never even their money in the first place. The fact is not everyone can own a home, and there’s still a significant correction underway. Since it’s a hot political topic though, politician’s will pretend to care until a more pressing issue surfaces.

If Congress wants to help, they can take a pay cut and bail out their constituents out of their own pension.

[cr]

I heard for the first time in mainstream media some lady on CNBC yesterday say dropping prices are a good thing, because people will actually be able to afford homes.

All the billions in equity you hear people lamenting about homeowners losing was never even their money in the first place. The fact is not everyone can own a home, and there’s still a significant correction underway. Since it’s a hot political topic though, politician’s will pretend to care until a more pressing issue surfaces.

If Congress wants to help, they can take a pay cut and bail out their constituents out of their own pension.

[cr]

I heard for the first time in mainstream media some lady on CNBC yesterday say dropping prices are a good thing, because people will actually be able to afford homes.

All the billions in equity you hear people lamenting about homeowners losing was never even their money in the first place. The fact is not everyone can own a home, and there’s still a significant correction underway. Since it’s a hot political topic though, politician’s will pretend to care until a more pressing issue surfaces.

If Congress wants to help, they can take a pay cut and bail out their constituents out of their own pension.

[cr]

I heard for the first time in mainstream media some lady on CNBC yesterday say dropping prices are a good thing, because people will actually be able to afford homes.

All the billions in equity you hear people lamenting about homeowners losing was never even their money in the first place. The fact is not everyone can own a home, and there’s still a significant correction underway. Since it’s a hot political topic though, politician’s will pretend to care until a more pressing issue surfaces.

If Congress wants to help, they can take a pay cut and bail out their constituents out of their own pension.

[Author]

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