[cr]

Eventually they’ll realize efforts to keep the <5% of households in foreclosure from losing their homes will come at the expense of potential first time buyers who remain priced out of the market.

At the peak of the bubble more people owned homes than the fundamentals of employment and affordability should have allowed.

Delaying that correction will have worse consequences than temporarily keeping people in homes they still won't be able to afford.

[cr]

Eventually they’ll realize efforts to keep the <5% of households in foreclosure from losing their homes will come at the expense of potential first time buyers who remain priced out of the market.

At the peak of the bubble more people owned homes than the fundamentals of employment and affordability should have allowed.

Delaying that correction will have worse consequences than temporarily keeping people in homes they still won't be able to afford.

[cr]

Eventually they’ll realize efforts to keep the <5% of households in foreclosure from losing their homes will come at the expense of potential first time buyers who remain priced out of the market.

At the peak of the bubble more people owned homes than the fundamentals of employment and affordability should have allowed.

Delaying that correction will have worse consequences than temporarily keeping people in homes they still won't be able to afford.

[cr]

Eventually they’ll realize efforts to keep the <5% of households in foreclosure from losing their homes will come at the expense of potential first time buyers who remain priced out of the market.

At the peak of the bubble more people owned homes than the fundamentals of employment and affordability should have allowed.

Delaying that correction will have worse consequences than temporarily keeping people in homes they still won't be able to afford.

[cr]

Eventually they’ll realize efforts to keep the <5% of households in foreclosure from losing their homes will come at the expense of potential first time buyers who remain priced out of the market.

At the peak of the bubble more people owned homes than the fundamentals of employment and affordability should have allowed.

Delaying that correction will have worse consequences than temporarily keeping people in homes they still won't be able to afford.

[cr]

I wonder how much of an uptick in home sales there’d be if rates went to 1%. My guess is the increase would be dissappointing. People finally realize prices are falling, are more worried about staying employed, and apparently banks are still not lending enough, though I hardly think increased lending is the solution.

Eventually they’ll figure out this has more to do with incomes than making money available to lend.

[cr]

I wonder how much of an uptick in home sales there’d be if rates went to 1%. My guess is the increase would be dissappointing. People finally realize prices are falling, are more worried about staying employed, and apparently banks are still not lending enough, though I hardly think increased lending is the solution.

Eventually they’ll figure out this has more to do with incomes than making money available to lend.

[cr]

I wonder how much of an uptick in home sales there’d be if rates went to 1%. My guess is the increase would be dissappointing. People finally realize prices are falling, are more worried about staying employed, and apparently banks are still not lending enough, though I hardly think increased lending is the solution.

Eventually they’ll figure out this has more to do with incomes than making money available to lend.

[cr]

I wonder how much of an uptick in home sales there’d be if rates went to 1%. My guess is the increase would be dissappointing. People finally realize prices are falling, are more worried about staying employed, and apparently banks are still not lending enough, though I hardly think increased lending is the solution.

Eventually they’ll figure out this has more to do with incomes than making money available to lend.

[cr]

I wonder how much of an uptick in home sales there’d be if rates went to 1%. My guess is the increase would be dissappointing. People finally realize prices are falling, are more worried about staying employed, and apparently banks are still not lending enough, though I hardly think increased lending is the solution.

Eventually they’ll figure out this has more to do with incomes than making money available to lend.

[cr]

I saw a video of Bruce Marks from about a year ago now, where at a conference on the mortgage crisis a renter who said he was unable to purchase a home because prices got so out of whack asked Marks why he should have to bail out the guy who lied on a loan application, and now can’t make his payment?

Amidst the cheers in the audience for their opposition to a bailout, Marks’ reply was something like if you talk to your friends and family you will probably find out those facing foreclosure are a lot closer to you than you think.

So in other words, his answer was yes.

[cr]

I saw a video of Bruce Marks from about a year ago now, where at a conference on the mortgage crisis a renter who said he was unable to purchase a home because prices got so out of whack asked Marks why he should have to bail out the guy who lied on a loan application, and now can’t make his payment?

Amidst the cheers in the audience for their opposition to a bailout, Marks’ reply was something like if you talk to your friends and family you will probably find out those facing foreclosure are a lot closer to you than you think.

So in other words, his answer was yes.

[cr]

I saw a video of Bruce Marks from about a year ago now, where at a conference on the mortgage crisis a renter who said he was unable to purchase a home because prices got so out of whack asked Marks why he should have to bail out the guy who lied on a loan application, and now can’t make his payment?

Amidst the cheers in the audience for their opposition to a bailout, Marks’ reply was something like if you talk to your friends and family you will probably find out those facing foreclosure are a lot closer to you than you think.

So in other words, his answer was yes.

[cr]

I saw a video of Bruce Marks from about a year ago now, where at a conference on the mortgage crisis a renter who said he was unable to purchase a home because prices got so out of whack asked Marks why he should have to bail out the guy who lied on a loan application, and now can’t make his payment?

Amidst the cheers in the audience for their opposition to a bailout, Marks’ reply was something like if you talk to your friends and family you will probably find out those facing foreclosure are a lot closer to you than you think.

So in other words, his answer was yes.

[cr]

I saw a video of Bruce Marks from about a year ago now, where at a conference on the mortgage crisis a renter who said he was unable to purchase a home because prices got so out of whack asked Marks why he should have to bail out the guy who lied on a loan application, and now can’t make his payment?

Amidst the cheers in the audience for their opposition to a bailout, Marks’ reply was something like if you talk to your friends and family you will probably find out those facing foreclosure are a lot closer to you than you think.

So in other words, his answer was yes.

[Author]

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