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August 1, 2007 at 8:48 AM in reply to: If tax write-off was reversed, what would happen to the economy? #69142August 1, 2007 at 8:48 AM in reply to: If tax write-off was reversed, what would happen to the economy? #69213
donaldduckmoore
ParticipantGood point, Alex. I believe no buyers really thought about this issue. They take it for granted. If that really happens, the housing market and even the global economy will come to a halt. But I don’t think that the government will do anything to screw it.
ParticipantHow much do they charge for admission? Do buyers have to bring cash?
ParticipantHow much do they charge for admission? Do buyers have to bring cash?
ParticipantDo the lenders HAVE TO follow the guidelines? Will they get penalized if not?
PerryChase, where is the money coming from for the mortgage brokers to do business? I thought they get money from the lenders also!!
ParticipantDo the lenders HAVE TO follow the guidelines? Will they get penalized if not?
PerryChase, where is the money coming from for the mortgage brokers to do business? I thought they get money from the lenders also!!
ParticipantI wish other cities in SD county will follow suit. Put some pressure to the lenders.
ParticipantI wish other cities in SD county will follow suit. Put some pressure to the lenders.
ParticipantFact is the fact, ScruffyDog, the lenders are really holding on the REOs and they have a limit. There are buyers out there for sure, but buyers that are still blindfolded by the message like “SD market was like FL so they can buy at 50% discount. Not gonna’ happen in SD though” will regret. Let us sit tight and watch this game. The meat is not here yet.
ParticipantFact is the fact, ScruffyDog, the lenders are really holding on the REOs and they have a limit. There are buyers out there for sure, but buyers that are still blindfolded by the message like “SD market was like FL so they can buy at 50% discount. Not gonna’ happen in SD though” will regret. Let us sit tight and watch this game. The meat is not here yet.
ParticipantI think we still have a lot of buyers who cannot wait for the market to implode and keep buying houses no matter what price they are at. This is one of the main factors that either push the price higher or steady.
The other reason is the lenders who are holding a lot of the REOs or other types of non-performing assets in order to maintain a high price market. I hope to see the lenders implode first and then the market will really cool down.
ParticipantI think we still have a lot of buyers who cannot wait for the market to implode and keep buying houses no matter what price they are at. This is one of the main factors that either push the price higher or steady.
The other reason is the lenders who are holding a lot of the REOs or other types of non-performing assets in order to maintain a high price market. I hope to see the lenders implode first and then the market will really cool down.
July 24, 2007 at 3:24 PM in reply to: Record High Foreclosures in California: 17,408 in 2nd quarter vs 11K in first #67427ParticipantHow come we don’t see that many in the market?
July 24, 2007 at 3:24 PM in reply to: Record High Foreclosures in California: 17,408 in 2nd quarter vs 11K in first #67492ParticipantHow come we don’t see that many in the market?
ParticipantI thought the Chinese will dump US debt sooner than 15 yrs. They don’t give a damn.
I listened to a program at KPBS this morning (forgot which program) and interviewed the author of a book entitled “a year without buying goods that is made in China” (something similar). She mentioned that it is impossible to survive without buying goods that is made in China. 15 years is optimistic.
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