[Fletch]

What about Citi’s similar plan? How much presence do they have in So Cal? Isn’t it reasonable to expect that other private lenders will follow Citi’s, Fannie’s and Freddie’s lead?

If so, the next question is how quickly do they act.

[Fletch]

What about Citi’s similar plan? How much presence do they have in So Cal? Isn’t it reasonable to expect that other private lenders will follow Citi’s, Fannie’s and Freddie’s lead?

If so, the next question is how quickly do they act.

[Fletch]

What about Citi’s similar plan? How much presence do they have in So Cal? Isn’t it reasonable to expect that other private lenders will follow Citi’s, Fannie’s and Freddie’s lead?

If so, the next question is how quickly do they act.

[Fletch]

What about Citi’s similar plan? How much presence do they have in So Cal? Isn’t it reasonable to expect that other private lenders will follow Citi’s, Fannie’s and Freddie’s lead?

If so, the next question is how quickly do they act.

[Fletch]

What about Citi’s similar plan? How much presence do they have in So Cal? Isn’t it reasonable to expect that other private lenders will follow Citi’s, Fannie’s and Freddie’s lead?

If so, the next question is how quickly do they act.

[Fletch]

Well you make some solid points Peter. No, I’m not in a hurry to buy again. Though we’re VA loan eligible, I’d like to save up for a down payment (again) to increase my options. We do need a bigger house as we’re expecting our 5th child. I know, I know– I’m insane. Children are not very liquid assets. Not legally, anyway. Hopefully, sitting on the sidelines for two years will allow us to save up and have a better selection of houses when we’re ready to buy in again.

I do think Federal jobs are safe (even though they shouldn’t be). There is no way the Federal government will lose personnel under Obama.

Stu, I hope you don’t think I’m hijacking your thread!

[Fletch]

Well you make some solid points Peter. No, I’m not in a hurry to buy again. Though we’re VA loan eligible, I’d like to save up for a down payment (again) to increase my options. We do need a bigger house as we’re expecting our 5th child. I know, I know– I’m insane. Children are not very liquid assets. Not legally, anyway. Hopefully, sitting on the sidelines for two years will allow us to save up and have a better selection of houses when we’re ready to buy in again.

I do think Federal jobs are safe (even though they shouldn’t be). There is no way the Federal government will lose personnel under Obama.

Stu, I hope you don’t think I’m hijacking your thread!

[Fletch]

Well you make some solid points Peter. No, I’m not in a hurry to buy again. Though we’re VA loan eligible, I’d like to save up for a down payment (again) to increase my options. We do need a bigger house as we’re expecting our 5th child. I know, I know– I’m insane. Children are not very liquid assets. Not legally, anyway. Hopefully, sitting on the sidelines for two years will allow us to save up and have a better selection of houses when we’re ready to buy in again.

I do think Federal jobs are safe (even though they shouldn’t be). There is no way the Federal government will lose personnel under Obama.

Stu, I hope you don’t think I’m hijacking your thread!

[Fletch]

Well you make some solid points Peter. No, I’m not in a hurry to buy again. Though we’re VA loan eligible, I’d like to save up for a down payment (again) to increase my options. We do need a bigger house as we’re expecting our 5th child. I know, I know– I’m insane. Children are not very liquid assets. Not legally, anyway. Hopefully, sitting on the sidelines for two years will allow us to save up and have a better selection of houses when we’re ready to buy in again.

I do think Federal jobs are safe (even though they shouldn’t be). There is no way the Federal government will lose personnel under Obama.

Stu, I hope you don’t think I’m hijacking your thread!

[Fletch]

Well you make some solid points Peter. No, I’m not in a hurry to buy again. Though we’re VA loan eligible, I’d like to save up for a down payment (again) to increase my options. We do need a bigger house as we’re expecting our 5th child. I know, I know– I’m insane. Children are not very liquid assets. Not legally, anyway. Hopefully, sitting on the sidelines for two years will allow us to save up and have a better selection of houses when we’re ready to buy in again.

I do think Federal jobs are safe (even though they shouldn’t be). There is no way the Federal government will lose personnel under Obama.

Stu, I hope you don’t think I’m hijacking your thread!

[Fletch]

peterb- I’m interested to know why you’re thinking that the Govt’s newly announced plan doesn’t stop the drop and push prices sideways. Is it simply a lack of faith that the Gov’t can do anything right? I share this sentiment in the long term, but I wonder: if they succeed in stemming foreclosures through payment reductions (be it interest rate or principal reductions) and moratoriums, won’t that indeed cause a leveling of prices, near term?

(You may recall I decided to sell my house a few months ago before I got into a negative equity situation and I appreciated your comments then. I’m hoping the fact that I’m now debt-free with a solid job is a better position to be in then counting on the aforementioned Gov’t homeowner rescue. )

[Fletch]

peterb- I’m interested to know why you’re thinking that the Govt’s newly announced plan doesn’t stop the drop and push prices sideways. Is it simply a lack of faith that the Gov’t can do anything right? I share this sentiment in the long term, but I wonder: if they succeed in stemming foreclosures through payment reductions (be it interest rate or principal reductions) and moratoriums, won’t that indeed cause a leveling of prices, near term?

(You may recall I decided to sell my house a few months ago before I got into a negative equity situation and I appreciated your comments then. I’m hoping the fact that I’m now debt-free with a solid job is a better position to be in then counting on the aforementioned Gov’t homeowner rescue. )

[Fletch]

peterb- I’m interested to know why you’re thinking that the Govt’s newly announced plan doesn’t stop the drop and push prices sideways. Is it simply a lack of faith that the Gov’t can do anything right? I share this sentiment in the long term, but I wonder: if they succeed in stemming foreclosures through payment reductions (be it interest rate or principal reductions) and moratoriums, won’t that indeed cause a leveling of prices, near term?

(You may recall I decided to sell my house a few months ago before I got into a negative equity situation and I appreciated your comments then. I’m hoping the fact that I’m now debt-free with a solid job is a better position to be in then counting on the aforementioned Gov’t homeowner rescue. )

[Fletch]

peterb- I’m interested to know why you’re thinking that the Govt’s newly announced plan doesn’t stop the drop and push prices sideways. Is it simply a lack of faith that the Gov’t can do anything right? I share this sentiment in the long term, but I wonder: if they succeed in stemming foreclosures through payment reductions (be it interest rate or principal reductions) and moratoriums, won’t that indeed cause a leveling of prices, near term?

(You may recall I decided to sell my house a few months ago before I got into a negative equity situation and I appreciated your comments then. I’m hoping the fact that I’m now debt-free with a solid job is a better position to be in then counting on the aforementioned Gov’t homeowner rescue. )

[Fletch]

peterb- I’m interested to know why you’re thinking that the Govt’s newly announced plan doesn’t stop the drop and push prices sideways. Is it simply a lack of faith that the Gov’t can do anything right? I share this sentiment in the long term, but I wonder: if they succeed in stemming foreclosures through payment reductions (be it interest rate or principal reductions) and moratoriums, won’t that indeed cause a leveling of prices, near term?

(You may recall I decided to sell my house a few months ago before I got into a negative equity situation and I appreciated your comments then. I’m hoping the fact that I’m now debt-free with a solid job is a better position to be in then counting on the aforementioned Gov’t homeowner rescue. )

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