[HappyHouseHunting]

Esmith,
But isn’t that the point of all these conversations we have? Your friend may have been a prudent buyer in the microeconomic sense but he was a f*cked borrower in the macro world? That is the point of the thread “Harveston Down the Drain.” How smart is it to sit in a house that you can well afford to stay in,but is now worth $100,000 to $200,000
less? Doesn’t the opportunity cost of your money weigh in?

Not only that, how many prudent buyers thought they were buying into one kind of neighborhood only to find out any ninny with a pulse could buy there? A lot of people on this web site are looking for upper middle class neighborhoods and they do so for a reason but suppose you thought you were buying into that but it was all a lie? Those people were stretching beyond their reach and buying more home than they should have and are in a different neighborhood altogether.

I think this is going to get a whole lot worse.

HHH

[HappyHouseHunting]

Esmith,
But isn’t that the point of all these conversations we have? Your friend may have been a prudent buyer in the microeconomic sense but he was a f*cked borrower in the macro world? That is the point of the thread “Harveston Down the Drain.” How smart is it to sit in a house that you can well afford to stay in,but is now worth $100,000 to $200,000
less? Doesn’t the opportunity cost of your money weigh in?

Not only that, how many prudent buyers thought they were buying into one kind of neighborhood only to find out any ninny with a pulse could buy there? A lot of people on this web site are looking for upper middle class neighborhoods and they do so for a reason but suppose you thought you were buying into that but it was all a lie? Those people were stretching beyond their reach and buying more home than they should have and are in a different neighborhood altogether.

I think this is going to get a whole lot worse.

HHH

[HappyHouseHunting]

Esmith,
But isn’t that the point of all these conversations we have? Your friend may have been a prudent buyer in the microeconomic sense but he was a f*cked borrower in the macro world? That is the point of the thread “Harveston Down the Drain.” How smart is it to sit in a house that you can well afford to stay in,but is now worth $100,000 to $200,000
less? Doesn’t the opportunity cost of your money weigh in?

Not only that, how many prudent buyers thought they were buying into one kind of neighborhood only to find out any ninny with a pulse could buy there? A lot of people on this web site are looking for upper middle class neighborhoods and they do so for a reason but suppose you thought you were buying into that but it was all a lie? Those people were stretching beyond their reach and buying more home than they should have and are in a different neighborhood altogether.

I think this is going to get a whole lot worse.

HHH

[HappyHouseHunting]

Esmith,
But isn’t that the point of all these conversations we have? Your friend may have been a prudent buyer in the microeconomic sense but he was a f*cked borrower in the macro world? That is the point of the thread “Harveston Down the Drain.” How smart is it to sit in a house that you can well afford to stay in,but is now worth $100,000 to $200,000
less? Doesn’t the opportunity cost of your money weigh in?

Not only that, how many prudent buyers thought they were buying into one kind of neighborhood only to find out any ninny with a pulse could buy there? A lot of people on this web site are looking for upper middle class neighborhoods and they do so for a reason but suppose you thought you were buying into that but it was all a lie? Those people were stretching beyond their reach and buying more home than they should have and are in a different neighborhood altogether.

I think this is going to get a whole lot worse.

HHH

[HappyHouseHunting]

Esmith,
But isn’t that the point of all these conversations we have? Your friend may have been a prudent buyer in the microeconomic sense but he was a f*cked borrower in the macro world? That is the point of the thread “Harveston Down the Drain.” How smart is it to sit in a house that you can well afford to stay in,but is now worth $100,000 to $200,000
less? Doesn’t the opportunity cost of your money weigh in?

Not only that, how many prudent buyers thought they were buying into one kind of neighborhood only to find out any ninny with a pulse could buy there? A lot of people on this web site are looking for upper middle class neighborhoods and they do so for a reason but suppose you thought you were buying into that but it was all a lie? Those people were stretching beyond their reach and buying more home than they should have and are in a different neighborhood altogether.

I think this is going to get a whole lot worse.

HHH

[HappyHouseHunting]

Loansafe.org?….
Has anyone read what that is about? I guess they have a blog about how to negotiate with lenders for better terms if you are about to foreclose? Like you have all said, won’t that piss off people who are not in foreclosure and trying hard to stay in their homes? Or will it just keep the prices up for now and delay the inevitable?
HHH

[HappyHouseHunting]

Loansafe.org?….
Has anyone read what that is about? I guess they have a blog about how to negotiate with lenders for better terms if you are about to foreclose? Like you have all said, won’t that piss off people who are not in foreclosure and trying hard to stay in their homes? Or will it just keep the prices up for now and delay the inevitable?
HHH

[HappyHouseHunting]

Loansafe.org?….
Has anyone read what that is about? I guess they have a blog about how to negotiate with lenders for better terms if you are about to foreclose? Like you have all said, won’t that piss off people who are not in foreclosure and trying hard to stay in their homes? Or will it just keep the prices up for now and delay the inevitable?
HHH

[HappyHouseHunting]

Loansafe.org?….
Has anyone read what that is about? I guess they have a blog about how to negotiate with lenders for better terms if you are about to foreclose? Like you have all said, won’t that piss off people who are not in foreclosure and trying hard to stay in their homes? Or will it just keep the prices up for now and delay the inevitable?
HHH

[HappyHouseHunting]

Loansafe.org?….
Has anyone read what that is about? I guess they have a blog about how to negotiate with lenders for better terms if you are about to foreclose? Like you have all said, won’t that piss off people who are not in foreclosure and trying hard to stay in their homes? Or will it just keep the prices up for now and delay the inevitable?
HHH

[HappyHouseHunting]

“Donald R. Horton, Chairman of the Board, said, ‘Market conditions remained challenging in our December quarter as inventory levels of both new and existing homes remained high while pricing remained very competitive. Lending standards continue to be more restrictive than during the previous year, and buyers continued to approach the home buying decision cautiously. We expect the housing environment to remain challenging.’”

“The Company’s cancellation rate (cancelled sales orders divided by gross sales orders) for the first quarter of fiscal 2008 was 44%.”

It keeps getting better and better.

[HappyHouseHunting]

“Donald R. Horton, Chairman of the Board, said, ‘Market conditions remained challenging in our December quarter as inventory levels of both new and existing homes remained high while pricing remained very competitive. Lending standards continue to be more restrictive than during the previous year, and buyers continued to approach the home buying decision cautiously. We expect the housing environment to remain challenging.’”

“The Company’s cancellation rate (cancelled sales orders divided by gross sales orders) for the first quarter of fiscal 2008 was 44%.”

It keeps getting better and better.

[HappyHouseHunting]

“Donald R. Horton, Chairman of the Board, said, ‘Market conditions remained challenging in our December quarter as inventory levels of both new and existing homes remained high while pricing remained very competitive. Lending standards continue to be more restrictive than during the previous year, and buyers continued to approach the home buying decision cautiously. We expect the housing environment to remain challenging.’”

“The Company’s cancellation rate (cancelled sales orders divided by gross sales orders) for the first quarter of fiscal 2008 was 44%.”

It keeps getting better and better.

[HappyHouseHunting]

“Donald R. Horton, Chairman of the Board, said, ‘Market conditions remained challenging in our December quarter as inventory levels of both new and existing homes remained high while pricing remained very competitive. Lending standards continue to be more restrictive than during the previous year, and buyers continued to approach the home buying decision cautiously. We expect the housing environment to remain challenging.’”

“The Company’s cancellation rate (cancelled sales orders divided by gross sales orders) for the first quarter of fiscal 2008 was 44%.”

It keeps getting better and better.

[HappyHouseHunting]

“Donald R. Horton, Chairman of the Board, said, ‘Market conditions remained challenging in our December quarter as inventory levels of both new and existing homes remained high while pricing remained very competitive. Lending standards continue to be more restrictive than during the previous year, and buyers continued to approach the home buying decision cautiously. We expect the housing environment to remain challenging.’”

“The Company’s cancellation rate (cancelled sales orders divided by gross sales orders) for the first quarter of fiscal 2008 was 44%.”

It keeps getting better and better.

[Author]

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