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kev374
ParticipantWhy would a lender fix the rate this far below market for longer than a few more years?
well, not sure but the argument by the bulls is that it costs lenders a lot more to foreclose and it’s cheaper to adjust the rate.
ParticipantThe malls are packed and people seem to be on a buying binge even now. If not the HELOCs I am sure the credit cards are being maxed out. Or perhaps they are spending every last penny they make.
But in any case, running up ridiculous amounts of debt and then crying for a handout seems to be the American way. People are just spoiled these days, it’s the “I deserve to have it now” attitude!
ParticipantThe malls are packed and people seem to be on a buying binge even now. If not the HELOCs I am sure the credit cards are being maxed out. Or perhaps they are spending every last penny they make.
But in any case, running up ridiculous amounts of debt and then crying for a handout seems to be the American way. People are just spoiled these days, it’s the “I deserve to have it now” attitude!
ParticipantThe malls are packed and people seem to be on a buying binge even now. If not the HELOCs I am sure the credit cards are being maxed out. Or perhaps they are spending every last penny they make.
But in any case, running up ridiculous amounts of debt and then crying for a handout seems to be the American way. People are just spoiled these days, it’s the “I deserve to have it now” attitude!
ParticipantThe malls are packed and people seem to be on a buying binge even now. If not the HELOCs I am sure the credit cards are being maxed out. Or perhaps they are spending every last penny they make.
But in any case, running up ridiculous amounts of debt and then crying for a handout seems to be the American way. People are just spoiled these days, it’s the “I deserve to have it now” attitude!
ParticipantThe malls are packed and people seem to be on a buying binge even now. If not the HELOCs I am sure the credit cards are being maxed out. Or perhaps they are spending every last penny they make.
But in any case, running up ridiculous amounts of debt and then crying for a handout seems to be the American way. People are just spoiled these days, it’s the “I deserve to have it now” attitude!
ParticipantI don’t even understand your argument. We have always stood by our belief that the prices do not support fundamentals. It’s the media that has finally realized this reality as well. The media is now in agreement with what we have believed since the beginning. Therefore we agree with the media while formerly we disagreed 🙂 Capisce?
ParticipantI don’t even understand your argument. We have always stood by our belief that the prices do not support fundamentals. It’s the media that has finally realized this reality as well. The media is now in agreement with what we have believed since the beginning. Therefore we agree with the media while formerly we disagreed 🙂 Capisce?
ParticipantI don’t even understand your argument. We have always stood by our belief that the prices do not support fundamentals. It’s the media that has finally realized this reality as well. The media is now in agreement with what we have believed since the beginning. Therefore we agree with the media while formerly we disagreed 🙂 Capisce?
ParticipantI don’t even understand your argument. We have always stood by our belief that the prices do not support fundamentals. It’s the media that has finally realized this reality as well. The media is now in agreement with what we have believed since the beginning. Therefore we agree with the media while formerly we disagreed 🙂 Capisce?
ParticipantI don’t even understand your argument. We have always stood by our belief that the prices do not support fundamentals. It’s the media that has finally realized this reality as well. The media is now in agreement with what we have believed since the beginning. Therefore we agree with the media while formerly we disagreed 🙂 Capisce?
Participantyeah, I got that point but what is the impact of this on the decline. If banks adjust loans then the foreclosure situation will be controlled, will it not? If foreclosures are controlled then the impact of the ARM resets will be negligible right? If so, people will not lose their homes and prices will stay put or not decline by much. Am I missing something??
Participantyeah, I got that point but what is the impact of this on the decline. If banks adjust loans then the foreclosure situation will be controlled, will it not? If foreclosures are controlled then the impact of the ARM resets will be negligible right? If so, people will not lose their homes and prices will stay put or not decline by much. Am I missing something??
Participantyeah, I got that point but what is the impact of this on the decline. If banks adjust loans then the foreclosure situation will be controlled, will it not? If foreclosures are controlled then the impact of the ARM resets will be negligible right? If so, people will not lose their homes and prices will stay put or not decline by much. Am I missing something??
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