[kev374]

[quote=underdose]Why do you say no more than 30% for inflation? That is an extremely modest 3-4% per year, and the arguably grossly understated CPI was running 6% for much of the bubble.[/quote]

home prices match income inflation not CPI. Real income has fallen during the last 10 years so affordability and prices will decline accordingly. Right now due to the severe unemployment situation prices will correct even more than that.

[kev374]

[quote=underdose]Why do you say no more than 30% for inflation? That is an extremely modest 3-4% per year, and the arguably grossly understated CPI was running 6% for much of the bubble.[/quote]

home prices match income inflation not CPI. Real income has fallen during the last 10 years so affordability and prices will decline accordingly. Right now due to the severe unemployment situation prices will correct even more than that.

[kev374]

[quote=underdose]Why do you say no more than 30% for inflation? That is an extremely modest 3-4% per year, and the arguably grossly understated CPI was running 6% for much of the bubble.[/quote]

home prices match income inflation not CPI. Real income has fallen during the last 10 years so affordability and prices will decline accordingly. Right now due to the severe unemployment situation prices will correct even more than that.

[kev374]

[quote=underdose]Why do you say no more than 30% for inflation? That is an extremely modest 3-4% per year, and the arguably grossly understated CPI was running 6% for much of the bubble.[/quote]

home prices match income inflation not CPI. Real income has fallen during the last 10 years so affordability and prices will decline accordingly. Right now due to the severe unemployment situation prices will correct even more than that.

[kev374]

[quote=underdose]Why do you say no more than 30% for inflation? That is an extremely modest 3-4% per year, and the arguably grossly understated CPI was running 6% for much of the bubble.[/quote]

home prices match income inflation not CPI. Real income has fallen during the last 10 years so affordability and prices will decline accordingly. Right now due to the severe unemployment situation prices will correct even more than that.

[kev374]

[quote=underdose]Why do you say no more than 30% for inflation? That is an extremely modest 3-4% per year, and the arguably grossly understated CPI was running 6% for much of the bubble.[/quote]

home prices match income inflation not CPI. Real income has fallen during the last 10 years so affordability and prices will decline accordingly. Right now due to the severe unemployment situation prices will correct even more than that.

[kev374]

[quote=underdose]Why do you say no more than 30% for inflation? That is an extremely modest 3-4% per year, and the arguably grossly understated CPI was running 6% for much of the bubble.[/quote]

home prices match income inflation not CPI. Real income has fallen during the last 10 years so affordability and prices will decline accordingly. Right now due to the severe unemployment situation prices will correct even more than that.

[kev374]

[quote=underdose]Why do you say no more than 30% for inflation? That is an extremely modest 3-4% per year, and the arguably grossly understated CPI was running 6% for much of the bubble.[/quote]

home prices match income inflation not CPI. Real income has fallen during the last 10 years so affordability and prices will decline accordingly. Right now due to the severe unemployment situation prices will correct even more than that.

[kev374]

[quote=underdose]Why do you say no more than 30% for inflation? That is an extremely modest 3-4% per year, and the arguably grossly understated CPI was running 6% for much of the bubble.[/quote]

home prices match income inflation not CPI. Real income has fallen during the last 10 years so affordability and prices will decline accordingly. Right now due to the severe unemployment situation prices will correct even more than that.

[kev374]

[quote=underdose]Why do you say no more than 30% for inflation? That is an extremely modest 3-4% per year, and the arguably grossly understated CPI was running 6% for much of the bubble.[/quote]

home prices match income inflation not CPI. Real income has fallen during the last 10 years so affordability and prices will decline accordingly. Right now due to the severe unemployment situation prices will correct even more than that.

[kev374]

If their scores are still in the 700s and they are prime A+ borrowers after they did not honor their original contract then there is something wrong with the credit reporting system. In my book these guys are poor credit risks and their credit scores need to reflect that.

[kev374]

If their scores are still in the 700s and they are prime A+ borrowers after they did not honor their original contract then there is something wrong with the credit reporting system. In my book these guys are poor credit risks and their credit scores need to reflect that.

[kev374]

If their scores are still in the 700s and they are prime A+ borrowers after they did not honor their original contract then there is something wrong with the credit reporting system. In my book these guys are poor credit risks and their credit scores need to reflect that.

[kev374]

If their scores are still in the 700s and they are prime A+ borrowers after they did not honor their original contract then there is something wrong with the credit reporting system. In my book these guys are poor credit risks and their credit scores need to reflect that.

[kev374]

If their scores are still in the 700s and they are prime A+ borrowers after they did not honor their original contract then there is something wrong with the credit reporting system. In my book these guys are poor credit risks and their credit scores need to reflect that.

[Author]

Posts