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(former)FormerSanDiegan
ParticipantIt doesn’t really matter what people think the “right” or “just” solution is for the players involved. The fact is that the housing market became overpriced. It will correct itself to an equilibrium one way or another, primarily by market forces. Regardless of government intervention to slow or suppress the changes.
It wasn’t fair for the people of Banda Aceh, that they were overcome by a tsunami. However, it was an irrepressible reaction to a magnitude 9.0 event. There will be similar consequences, fair or not, in the reaction to the magnitude 9.0 event known as the housing bubble.
ParticipantIt doesn’t really matter what people think the “right” or “just” solution is for the players involved. The fact is that the housing market became overpriced. It will correct itself to an equilibrium one way or another, primarily by market forces. Regardless of government intervention to slow or suppress the changes.
It wasn’t fair for the people of Banda Aceh, that they were overcome by a tsunami. However, it was an irrepressible reaction to a magnitude 9.0 event. There will be similar consequences, fair or not, in the reaction to the magnitude 9.0 event known as the housing bubble.
ParticipantIt doesn’t really matter what people think the “right” or “just” solution is for the players involved. The fact is that the housing market became overpriced. It will correct itself to an equilibrium one way or another, primarily by market forces. Regardless of government intervention to slow or suppress the changes.
It wasn’t fair for the people of Banda Aceh, that they were overcome by a tsunami. However, it was an irrepressible reaction to a magnitude 9.0 event. There will be similar consequences, fair or not, in the reaction to the magnitude 9.0 event known as the housing bubble.
ParticipantIs it time to buy???
Sure. Why not ? After all we are just now reaching the peak of loan resets. It’ll only be 4-6 months before the number of foreclosures peaks, and another 3 -6 months past that for theses things to sell on the market putting more downward pressure on prices. If you want to buy at least 10% above what you can pay next year at this time, I think it is a great time to buy.
ParticipantIs it time to buy???
Sure. Why not ? After all we are just now reaching the peak of loan resets. It’ll only be 4-6 months before the number of foreclosures peaks, and another 3 -6 months past that for theses things to sell on the market putting more downward pressure on prices. If you want to buy at least 10% above what you can pay next year at this time, I think it is a great time to buy.
ParticipantIs it time to buy???
Sure. Why not ? After all we are just now reaching the peak of loan resets. It’ll only be 4-6 months before the number of foreclosures peaks, and another 3 -6 months past that for theses things to sell on the market putting more downward pressure on prices. If you want to buy at least 10% above what you can pay next year at this time, I think it is a great time to buy.
ParticipantAre you expecting people to be walking around with a scarlet “F” on their chest ?
ParticipantAre you expecting people to be walking around with a scarlet “F” on their chest ?
ParticipantAre you expecting people to be walking around with a scarlet “F” on their chest ?
ParticipantTimeless Money rules:
Confucius: “When you do not know a thing, to allow that you do not know it — this is knowledge.”
Harry Truman: “There is nothing new in the world except the history you do not know.”
Alex_angel: “Stop thinking in the past. Too many people go back to the 90’s and say ‘well it happened in the 90’s blah blah blah'”
ParticipantTimeless Money rules:
Confucius: “When you do not know a thing, to allow that you do not know it — this is knowledge.”
Harry Truman: “There is nothing new in the world except the history you do not know.”
Alex_angel: “Stop thinking in the past. Too many people go back to the 90’s and say ‘well it happened in the 90’s blah blah blah'”
ParticipantTimeless Money rules:
Confucius: “When you do not know a thing, to allow that you do not know it — this is knowledge.”
Harry Truman: “There is nothing new in the world except the history you do not know.”
Alex_angel: “Stop thinking in the past. Too many people go back to the 90’s and say ‘well it happened in the 90’s blah blah blah'”
ParticipantThe original post should have stopped after the first two words.
“Stop thinking”
ParticipantThe original post should have stopped after the first two words.
“Stop thinking”
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