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kev374
ParticipantView this video. Mr. Mortgage lays out the facts with concrete data. Alt-A is a significantly bigger problem than subprime.
kev374
ParticipantView this video. Mr. Mortgage lays out the facts with concrete data. Alt-A is a significantly bigger problem than subprime.
kev374
ParticipantView this video. Mr. Mortgage lays out the facts with concrete data. Alt-A is a significantly bigger problem than subprime.
kev374
ParticipantView this video. Mr. Mortgage lays out the facts with concrete data. Alt-A is a significantly bigger problem than subprime.
kev374
ParticipantView this video. Mr. Mortgage lays out the facts with concrete data. Alt-A is a significantly bigger problem than subprime.
August 10, 2008 at 9:21 AM in reply to: 10 solid reasons why SoCal RE is nowhere near a bottom #255321kev374
Participant[quote=paramount]It’s like people in California are absolutely obsessed with houses.
[/quote]My guess is it’s still investors trying to make quick profits. The concept of easy money through Real Estate flipping is just so enticing that it I guess people are just in total denial that it was only a short term phenomenon and a losing proposition now.
August 10, 2008 at 9:21 AM in reply to: 10 solid reasons why SoCal RE is nowhere near a bottom #255492kev374
Participant[quote=paramount]It’s like people in California are absolutely obsessed with houses.
[/quote]My guess is it’s still investors trying to make quick profits. The concept of easy money through Real Estate flipping is just so enticing that it I guess people are just in total denial that it was only a short term phenomenon and a losing proposition now.
August 10, 2008 at 9:21 AM in reply to: 10 solid reasons why SoCal RE is nowhere near a bottom #255498kev374
Participant[quote=paramount]It’s like people in California are absolutely obsessed with houses.
[/quote]My guess is it’s still investors trying to make quick profits. The concept of easy money through Real Estate flipping is just so enticing that it I guess people are just in total denial that it was only a short term phenomenon and a losing proposition now.
August 10, 2008 at 9:21 AM in reply to: 10 solid reasons why SoCal RE is nowhere near a bottom #255555kev374
Participant[quote=paramount]It’s like people in California are absolutely obsessed with houses.
[/quote]My guess is it’s still investors trying to make quick profits. The concept of easy money through Real Estate flipping is just so enticing that it I guess people are just in total denial that it was only a short term phenomenon and a losing proposition now.
August 10, 2008 at 9:21 AM in reply to: 10 solid reasons why SoCal RE is nowhere near a bottom #255605kev374
Participant[quote=paramount]It’s like people in California are absolutely obsessed with houses.
[/quote]My guess is it’s still investors trying to make quick profits. The concept of easy money through Real Estate flipping is just so enticing that it I guess people are just in total denial that it was only a short term phenomenon and a losing proposition now.
kev374
Participant[quote=SD Realtor]Conveniently omitted is that it now can take up to 300 days to foreclose, that the GSEs are also rewarding every step any lender takes to rewrite loans or sell short rather then foreclose, and oh yeah let’s see who the new president is next year. [/quote]
The lenders are not going to voluntarily take hair cuts because that will immediately impact their profitability which inturn could cause a run on their stock and that means the company is in much bigger problems. Therefore the bailout bill is not as going to do much!
kev374
Participant[quote=SD Realtor]Conveniently omitted is that it now can take up to 300 days to foreclose, that the GSEs are also rewarding every step any lender takes to rewrite loans or sell short rather then foreclose, and oh yeah let’s see who the new president is next year. [/quote]
The lenders are not going to voluntarily take hair cuts because that will immediately impact their profitability which inturn could cause a run on their stock and that means the company is in much bigger problems. Therefore the bailout bill is not as going to do much!
kev374
Participant[quote=SD Realtor]Conveniently omitted is that it now can take up to 300 days to foreclose, that the GSEs are also rewarding every step any lender takes to rewrite loans or sell short rather then foreclose, and oh yeah let’s see who the new president is next year. [/quote]
The lenders are not going to voluntarily take hair cuts because that will immediately impact their profitability which inturn could cause a run on their stock and that means the company is in much bigger problems. Therefore the bailout bill is not as going to do much!
kev374
Participant[quote=SD Realtor]Conveniently omitted is that it now can take up to 300 days to foreclose, that the GSEs are also rewarding every step any lender takes to rewrite loans or sell short rather then foreclose, and oh yeah let’s see who the new president is next year. [/quote]
The lenders are not going to voluntarily take hair cuts because that will immediately impact their profitability which inturn could cause a run on their stock and that means the company is in much bigger problems. Therefore the bailout bill is not as going to do much!
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