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August 19, 2007 at 5:31 PM in reply to: What’s with the Kool-Aid doom-and-gloom “Jumbo loans are going to disappear” #78091
JWM in SD
Participant“But then again, most of the people I know have already bought and aren’t really looking to buy again.”
Which is why you don’t seem to understand the dilemma. Those people you know, are not the ones who are going to set the comps in next few years.
August 19, 2007 at 5:31 PM in reply to: What’s with the Kool-Aid doom-and-gloom “Jumbo loans are going to disappear” #78215Participant“But then again, most of the people I know have already bought and aren’t really looking to buy again.”
Which is why you don’t seem to understand the dilemma. Those people you know, are not the ones who are going to set the comps in next few years.
August 19, 2007 at 5:31 PM in reply to: What’s with the Kool-Aid doom-and-gloom “Jumbo loans are going to disappear” #78238Participant“But then again, most of the people I know have already bought and aren’t really looking to buy again.”
Which is why you don’t seem to understand the dilemma. Those people you know, are not the ones who are going to set the comps in next few years.
ParticipantPrecisely PR. See HLS’s responses about hard money lending in the absence of reliance on credit scores.
This is why I have drawn the analogy to the Sarbanes Oxley act in the wake of Enron and Worldcom. Those 2 events were minor compared to the magnitude of this credit bubble. Yet many posters here continue in their SD is different fantasy land. No, it isn’t.
Bernanke does not give a shit about anyones SD home or condo and neither do the investors of MBS or CDOs.
ParticipantPrecisely PR. See HLS’s responses about hard money lending in the absence of reliance on credit scores.
This is why I have drawn the analogy to the Sarbanes Oxley act in the wake of Enron and Worldcom. Those 2 events were minor compared to the magnitude of this credit bubble. Yet many posters here continue in their SD is different fantasy land. No, it isn’t.
Bernanke does not give a shit about anyones SD home or condo and neither do the investors of MBS or CDOs.
ParticipantPrecisely PR. See HLS’s responses about hard money lending in the absence of reliance on credit scores.
This is why I have drawn the analogy to the Sarbanes Oxley act in the wake of Enron and Worldcom. Those 2 events were minor compared to the magnitude of this credit bubble. Yet many posters here continue in their SD is different fantasy land. No, it isn’t.
Bernanke does not give a shit about anyones SD home or condo and neither do the investors of MBS or CDOs.
Participant“Shouldn’t take longer than 8 years, 4 if you’re really disciplined”
How many times do I have to remind people that there a negative savings rate in the US??
Posters here are an exception to this and generally have good financial management skills. That is not the norm right now. It is a mistake to extrapolate that characterisitc to population in general.
Participant“Shouldn’t take longer than 8 years, 4 if you’re really disciplined”
How many times do I have to remind people that there a negative savings rate in the US??
Posters here are an exception to this and generally have good financial management skills. That is not the norm right now. It is a mistake to extrapolate that characterisitc to population in general.
Participant“Shouldn’t take longer than 8 years, 4 if you’re really disciplined”
How many times do I have to remind people that there a negative savings rate in the US??
Posters here are an exception to this and generally have good financial management skills. That is not the norm right now. It is a mistake to extrapolate that characterisitc to population in general.
August 19, 2007 at 12:17 PM in reply to: What’s with the Kool-Aid doom-and-gloom “Jumbo loans are going to disappear” #77945ParticipantYes, because we are heading into a severe recession and the number of those well documented high income borrowers is going to shrink. I wish it weren’t true because I could be one on them.
August 19, 2007 at 12:17 PM in reply to: What’s with the Kool-Aid doom-and-gloom “Jumbo loans are going to disappear” #78068ParticipantYes, because we are heading into a severe recession and the number of those well documented high income borrowers is going to shrink. I wish it weren’t true because I could be one on them.
August 19, 2007 at 12:17 PM in reply to: What’s with the Kool-Aid doom-and-gloom “Jumbo loans are going to disappear” #78090ParticipantYes, because we are heading into a severe recession and the number of those well documented high income borrowers is going to shrink. I wish it weren’t true because I could be one on them.
ParticipantEvery poster has made a valid point but they are all missing the same thing that caused me to post yesterday.
The average Joe is not a Dr!!!! Affordability for J6P is the issue that got us here. If J6P only has a median HHI of Sub 70K where do you think they are going to come up with the downpayment on a 400K house???!!!??? Where??!!
A lot of the posters here are extremely myopic about this issue and need to open their freaking eyes.
ParticipantEvery poster has made a valid point but they are all missing the same thing that caused me to post yesterday.
The average Joe is not a Dr!!!! Affordability for J6P is the issue that got us here. If J6P only has a median HHI of Sub 70K where do you think they are going to come up with the downpayment on a 400K house???!!!??? Where??!!
A lot of the posters here are extremely myopic about this issue and need to open their freaking eyes.
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