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June 10, 2009 at 6:06 PM in reply to: Pivotal Day in US History Supreme Court says FU to Contract Law #414095
j
ParticipantThis article is the first one I have seen to cite unemployment as a driver of foreclosure. I always said that the economy was completely whacked because people with jobs were losing their houses. Now that unemployed people have Alt-A and sub-prime loans, things will get interesting in the fall or next fall. It takes a year for the bank to foreclose on a house.
Historical home price to income ratios shows that prices should be near the bottom, but there is still a large supply and questionable “real” demand. Not many move upper in this market, and how many people have money in the bank?
j
ParticipantThis article is the first one I have seen to cite unemployment as a driver of foreclosure. I always said that the economy was completely whacked because people with jobs were losing their houses. Now that unemployed people have Alt-A and sub-prime loans, things will get interesting in the fall or next fall. It takes a year for the bank to foreclose on a house.
Historical home price to income ratios shows that prices should be near the bottom, but there is still a large supply and questionable “real” demand. Not many move upper in this market, and how many people have money in the bank?
j
ParticipantThis article is the first one I have seen to cite unemployment as a driver of foreclosure. I always said that the economy was completely whacked because people with jobs were losing their houses. Now that unemployed people have Alt-A and sub-prime loans, things will get interesting in the fall or next fall. It takes a year for the bank to foreclose on a house.
Historical home price to income ratios shows that prices should be near the bottom, but there is still a large supply and questionable “real” demand. Not many move upper in this market, and how many people have money in the bank?
j
ParticipantThis article is the first one I have seen to cite unemployment as a driver of foreclosure. I always said that the economy was completely whacked because people with jobs were losing their houses. Now that unemployed people have Alt-A and sub-prime loans, things will get interesting in the fall or next fall. It takes a year for the bank to foreclose on a house.
Historical home price to income ratios shows that prices should be near the bottom, but there is still a large supply and questionable “real” demand. Not many move upper in this market, and how many people have money in the bank?
j
ParticipantThis article is the first one I have seen to cite unemployment as a driver of foreclosure. I always said that the economy was completely whacked because people with jobs were losing their houses. Now that unemployed people have Alt-A and sub-prime loans, things will get interesting in the fall or next fall. It takes a year for the bank to foreclose on a house.
Historical home price to income ratios shows that prices should be near the bottom, but there is still a large supply and questionable “real” demand. Not many move upper in this market, and how many people have money in the bank?
j
ParticipantPosting for 2 years 37 months, and lurked here for a year and a half or so before that. I too was a crazy housing pessimist, who’s father and grandfather said would get priced out forever.
I was right and all those real estate “professionals” giving out their business cards at fast food joints were wrong. But accountants have a much better education in economics than real estate “professionals”.
j
ParticipantPosting for 2 years 37 months, and lurked here for a year and a half or so before that. I too was a crazy housing pessimist, who’s father and grandfather said would get priced out forever.
I was right and all those real estate “professionals” giving out their business cards at fast food joints were wrong. But accountants have a much better education in economics than real estate “professionals”.
j
ParticipantPosting for 2 years 37 months, and lurked here for a year and a half or so before that. I too was a crazy housing pessimist, who’s father and grandfather said would get priced out forever.
I was right and all those real estate “professionals” giving out their business cards at fast food joints were wrong. But accountants have a much better education in economics than real estate “professionals”.
j
ParticipantPosting for 2 years 37 months, and lurked here for a year and a half or so before that. I too was a crazy housing pessimist, who’s father and grandfather said would get priced out forever.
I was right and all those real estate “professionals” giving out their business cards at fast food joints were wrong. But accountants have a much better education in economics than real estate “professionals”.
j
ParticipantPosting for 2 years 37 months, and lurked here for a year and a half or so before that. I too was a crazy housing pessimist, who’s father and grandfather said would get priced out forever.
I was right and all those real estate “professionals” giving out their business cards at fast food joints were wrong. But accountants have a much better education in economics than real estate “professionals”.
j
ParticipantSo, I take it that all the foreclosures are on people that did not use a Realtor. Realtors and mortgage brokers tend to be the ones that are losing multiple houses to foreclosure. I think most Realtors can only figure out the value of their commission check, and the others can’t even do that.
j
ParticipantSo, I take it that all the foreclosures are on people that did not use a Realtor. Realtors and mortgage brokers tend to be the ones that are losing multiple houses to foreclosure. I think most Realtors can only figure out the value of their commission check, and the others can’t even do that.
j
ParticipantSo, I take it that all the foreclosures are on people that did not use a Realtor. Realtors and mortgage brokers tend to be the ones that are losing multiple houses to foreclosure. I think most Realtors can only figure out the value of their commission check, and the others can’t even do that.
j
ParticipantSo, I take it that all the foreclosures are on people that did not use a Realtor. Realtors and mortgage brokers tend to be the ones that are losing multiple houses to foreclosure. I think most Realtors can only figure out the value of their commission check, and the others can’t even do that.
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