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April 25, 2008 at 2:17 PM in reply to: The coming tidal wave: Bank sees 6.5 million foreclosures #194532April 25, 2008 at 2:17 PM in reply to: The coming tidal wave: Bank sees 6.5 million foreclosures #194565
Ex-SD
ParticipantOf course, none of this will happen in the more desirable areas of San Diego.
April 25, 2008 at 2:17 PM in reply to: The coming tidal wave: Bank sees 6.5 million foreclosures #194589ParticipantOf course, none of this will happen in the more desirable areas of San Diego.
April 25, 2008 at 2:17 PM in reply to: The coming tidal wave: Bank sees 6.5 million foreclosures #194606ParticipantOf course, none of this will happen in the more desirable areas of San Diego.
April 25, 2008 at 2:17 PM in reply to: The coming tidal wave: Bank sees 6.5 million foreclosures #194648ParticipantOf course, none of this will happen in the more desirable areas of San Diego.
ParticipantAh, grasshopper………have patience. Do NOT listen to the realtors. Patience will bring big rewards for those who wait. There will always be greater fools (knife catchers) in any market and those fools who ignore hard, in-your-face evidence that all is not rosy will live to regret the day that they bought way too early.
If your domestic situation requires that you buy now, at least you will have the fact that she “MADE YOU” spend $100’s of thousands too much so she could “OWN” her dream home, NOW, to throw in her face for many years yet to come.
ParticipantAh, grasshopper………have patience. Do NOT listen to the realtors. Patience will bring big rewards for those who wait. There will always be greater fools (knife catchers) in any market and those fools who ignore hard, in-your-face evidence that all is not rosy will live to regret the day that they bought way too early.
If your domestic situation requires that you buy now, at least you will have the fact that she “MADE YOU” spend $100’s of thousands too much so she could “OWN” her dream home, NOW, to throw in her face for many years yet to come.
ParticipantAh, grasshopper………have patience. Do NOT listen to the realtors. Patience will bring big rewards for those who wait. There will always be greater fools (knife catchers) in any market and those fools who ignore hard, in-your-face evidence that all is not rosy will live to regret the day that they bought way too early.
If your domestic situation requires that you buy now, at least you will have the fact that she “MADE YOU” spend $100’s of thousands too much so she could “OWN” her dream home, NOW, to throw in her face for many years yet to come.
ParticipantAh, grasshopper………have patience. Do NOT listen to the realtors. Patience will bring big rewards for those who wait. There will always be greater fools (knife catchers) in any market and those fools who ignore hard, in-your-face evidence that all is not rosy will live to regret the day that they bought way too early.
If your domestic situation requires that you buy now, at least you will have the fact that she “MADE YOU” spend $100’s of thousands too much so she could “OWN” her dream home, NOW, to throw in her face for many years yet to come.
ParticipantAh, grasshopper………have patience. Do NOT listen to the realtors. Patience will bring big rewards for those who wait. There will always be greater fools (knife catchers) in any market and those fools who ignore hard, in-your-face evidence that all is not rosy will live to regret the day that they bought way too early.
If your domestic situation requires that you buy now, at least you will have the fact that she “MADE YOU” spend $100’s of thousands too much so she could “OWN” her dream home, NOW, to throw in her face for many years yet to come.
ParticipantNote that Shiller has joined the Bail-out crowd.
Basically we’re in uncharted territory,” Shiller said. “It seems we have developed a speculative culture about housing that never existed on a national basis before.”
Many people became convinced that housing prices would increase 10 percent annually, a notion Shiller called crazy.
Shiller, who said it’s difficult to forecast prices, endorsed legislation proposed by Sen. Chris Dodd, D-Conn., and Rep. Barney Frank, D-Mass., that would allow the Federal Housing Administration to back as much as $300 billion in mortgages for struggling homeowners. Servicers would have to agree to take a loss on the existing loans, while borrowers would have to show they could afford to make new payments on their refinanced mortgages.
ParticipantNote that Shiller has joined the Bail-out crowd.
Basically we’re in uncharted territory,” Shiller said. “It seems we have developed a speculative culture about housing that never existed on a national basis before.”
Many people became convinced that housing prices would increase 10 percent annually, a notion Shiller called crazy.
Shiller, who said it’s difficult to forecast prices, endorsed legislation proposed by Sen. Chris Dodd, D-Conn., and Rep. Barney Frank, D-Mass., that would allow the Federal Housing Administration to back as much as $300 billion in mortgages for struggling homeowners. Servicers would have to agree to take a loss on the existing loans, while borrowers would have to show they could afford to make new payments on their refinanced mortgages.
ParticipantNote that Shiller has joined the Bail-out crowd.
Basically we’re in uncharted territory,” Shiller said. “It seems we have developed a speculative culture about housing that never existed on a national basis before.”
Many people became convinced that housing prices would increase 10 percent annually, a notion Shiller called crazy.
Shiller, who said it’s difficult to forecast prices, endorsed legislation proposed by Sen. Chris Dodd, D-Conn., and Rep. Barney Frank, D-Mass., that would allow the Federal Housing Administration to back as much as $300 billion in mortgages for struggling homeowners. Servicers would have to agree to take a loss on the existing loans, while borrowers would have to show they could afford to make new payments on their refinanced mortgages.
ParticipantNote that Shiller has joined the Bail-out crowd.
Basically we’re in uncharted territory,” Shiller said. “It seems we have developed a speculative culture about housing that never existed on a national basis before.”
Many people became convinced that housing prices would increase 10 percent annually, a notion Shiller called crazy.
Shiller, who said it’s difficult to forecast prices, endorsed legislation proposed by Sen. Chris Dodd, D-Conn., and Rep. Barney Frank, D-Mass., that would allow the Federal Housing Administration to back as much as $300 billion in mortgages for struggling homeowners. Servicers would have to agree to take a loss on the existing loans, while borrowers would have to show they could afford to make new payments on their refinanced mortgages.
ParticipantNote that Shiller has joined the Bail-out crowd.
Basically we’re in uncharted territory,” Shiller said. “It seems we have developed a speculative culture about housing that never existed on a national basis before.”
Many people became convinced that housing prices would increase 10 percent annually, a notion Shiller called crazy.
Shiller, who said it’s difficult to forecast prices, endorsed legislation proposed by Sen. Chris Dodd, D-Conn., and Rep. Barney Frank, D-Mass., that would allow the Federal Housing Administration to back as much as $300 billion in mortgages for struggling homeowners. Servicers would have to agree to take a loss on the existing loans, while borrowers would have to show they could afford to make new payments on their refinanced mortgages.
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