[kev374]

pretty silly. First off, what percentage of the workforce is actually in highly paid professions like Engineering, Medicine and Law? Perhaps not that many. Now filter again, what percentage of those in highly paid professions are highly experienced AND not already homeowners? I suspect a very small percentage. Now filter again, how many of these are couples where BOTH are in high paid professions?

You get the idea..what the OP is assuming as common is actually a VERY VERY miniscule part of the population.

Infact, I am in IT, most of my high earning friends are already homeowners with no plans to buy anything. MOST are married to wives whose professions are either stay home moms or teachers etc. Some whose wives are in IT are usually BSAs or Quality Control etc. which pays significantly less. This is the reality.

[kev374]

View this video. Mr. Mortgage lays out the facts with concrete data. Alt-A is a significantly bigger problem than subprime.

[kev374]

View this video. Mr. Mortgage lays out the facts with concrete data. Alt-A is a significantly bigger problem than subprime.

[kev374]

View this video. Mr. Mortgage lays out the facts with concrete data. Alt-A is a significantly bigger problem than subprime.

[kev374]

View this video. Mr. Mortgage lays out the facts with concrete data. Alt-A is a significantly bigger problem than subprime.

[kev374]

View this video. Mr. Mortgage lays out the facts with concrete data. Alt-A is a significantly bigger problem than subprime.

[kev374]

[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]

[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]

[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]

[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]

[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]

[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]

[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]

[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]

[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!

[Author]

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