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EconProf
ParticipantBobS
Wow, looks like Wachovia is being a very aggressive lender. The comments are mostly from fellow mortgage brokers, who seem to be circling the generous loan package like hungry Piranas.
Loved the comment by one of them: Sell Wachovia short; buy Wal Mart.ParticipantBobS
Wow, looks like Wachovia is being a very aggressive lender. The comments are mostly from fellow mortgage brokers, who seem to be circling the generous loan package like hungry Piranas.
Loved the comment by one of them: Sell Wachovia short; buy Wal Mart.ParticipantBobS
Wow, looks like Wachovia is being a very aggressive lender. The comments are mostly from fellow mortgage brokers, who seem to be circling the generous loan package like hungry Piranas.
Loved the comment by one of them: Sell Wachovia short; buy Wal Mart.ParticipantBobS
Wow, looks like Wachovia is being a very aggressive lender. The comments are mostly from fellow mortgage brokers, who seem to be circling the generous loan package like hungry Piranas.
Loved the comment by one of them: Sell Wachovia short; buy Wal Mart.ParticipantBobS
Inflation rose throughout the 1970s, climaxing at 13.5% in 1980. House prices also peaked in 1980, along with gold. House prices fell somewhat in the early 80s due to ungodly tight money–mortgages were 16%.
The point is, inflation in house values became part of the reward for being a landlord. Cash flow–rent relative to price–became less of a factor. Thus the rent/price ratio changed permanently by ratcheting up. The same pattern repeated itself after 2000.ParticipantBobS
Inflation rose throughout the 1970s, climaxing at 13.5% in 1980. House prices also peaked in 1980, along with gold. House prices fell somewhat in the early 80s due to ungodly tight money–mortgages were 16%.
The point is, inflation in house values became part of the reward for being a landlord. Cash flow–rent relative to price–became less of a factor. Thus the rent/price ratio changed permanently by ratcheting up. The same pattern repeated itself after 2000.ParticipantBobS
Inflation rose throughout the 1970s, climaxing at 13.5% in 1980. House prices also peaked in 1980, along with gold. House prices fell somewhat in the early 80s due to ungodly tight money–mortgages were 16%.
The point is, inflation in house values became part of the reward for being a landlord. Cash flow–rent relative to price–became less of a factor. Thus the rent/price ratio changed permanently by ratcheting up. The same pattern repeated itself after 2000.ParticipantBobS
Inflation rose throughout the 1970s, climaxing at 13.5% in 1980. House prices also peaked in 1980, along with gold. House prices fell somewhat in the early 80s due to ungodly tight money–mortgages were 16%.
The point is, inflation in house values became part of the reward for being a landlord. Cash flow–rent relative to price–became less of a factor. Thus the rent/price ratio changed permanently by ratcheting up. The same pattern repeated itself after 2000.ParticipantBobS
Inflation rose throughout the 1970s, climaxing at 13.5% in 1980. House prices also peaked in 1980, along with gold. House prices fell somewhat in the early 80s due to ungodly tight money–mortgages were 16%.
The point is, inflation in house values became part of the reward for being a landlord. Cash flow–rent relative to price–became less of a factor. Thus the rent/price ratio changed permanently by ratcheting up. The same pattern repeated itself after 2000.April 9, 2008 at 2:36 PM in reply to: In case you missed it, click on the link to the left, titled “Stop the Mortgage Bailout” #183787ParticipantBobS
I just made an on-line donation, and will write today both Senators, in longhand (taken more seriously), why they should not bail out ANYBODY, including underwater homeowners.
C’mon piggs, let’s put our money and our letters where our beliefs are. Time is of the essence.April 9, 2008 at 2:36 PM in reply to: In case you missed it, click on the link to the left, titled “Stop the Mortgage Bailout” #183800ParticipantBobS
I just made an on-line donation, and will write today both Senators, in longhand (taken more seriously), why they should not bail out ANYBODY, including underwater homeowners.
C’mon piggs, let’s put our money and our letters where our beliefs are. Time is of the essence.April 9, 2008 at 2:36 PM in reply to: In case you missed it, click on the link to the left, titled “Stop the Mortgage Bailout” #183828ParticipantBobS
I just made an on-line donation, and will write today both Senators, in longhand (taken more seriously), why they should not bail out ANYBODY, including underwater homeowners.
C’mon piggs, let’s put our money and our letters where our beliefs are. Time is of the essence.April 9, 2008 at 2:36 PM in reply to: In case you missed it, click on the link to the left, titled “Stop the Mortgage Bailout” #183836ParticipantBobS
I just made an on-line donation, and will write today both Senators, in longhand (taken more seriously), why they should not bail out ANYBODY, including underwater homeowners.
C’mon piggs, let’s put our money and our letters where our beliefs are. Time is of the essence.April 9, 2008 at 2:36 PM in reply to: In case you missed it, click on the link to the left, titled “Stop the Mortgage Bailout” #183841ParticipantBobS
I just made an on-line donation, and will write today both Senators, in longhand (taken more seriously), why they should not bail out ANYBODY, including underwater homeowners.
C’mon piggs, let’s put our money and our letters where our beliefs are. Time is of the essence. -
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