Forum Replies Created
-
AuthorPosts
-
LA_Renter
ParticipantGood question. If we were to have an actual panic it would be in 2008 IMO. When do we hit a critical mass?? The holidays for me this year have been very different regarding relatives reactions to my housing bubble views. Last year they just looked at me weird and talked about it behind my back, now everything is out in the open and they are asking me questions on how this will play out. So we are at an…”OK there was a housing bubble” moment. With that said I don’t think people understand exactly how serious some of these problems are especially surrounding the credit crisis that still shows no sign of abating. I think a catalyst for a panic would be some sort of credit event in the markets ie. a large institution goes belly up, a day when the market can’t open, etc. Now combine that with an election year and all the politicians exploiting the crisis for their own benefit and having this info filter into, The Today Show, Good Morning America, Oprah…etc. You could really see a turning of the herd in the other direction. Once it really sinks in that you can be under water by 150K to 300K+ paying an reset mortgage thats soaking up to 60%+ of your income…….yea you could have a panic.
LA_Renter
ParticipantGood question. If we were to have an actual panic it would be in 2008 IMO. When do we hit a critical mass?? The holidays for me this year have been very different regarding relatives reactions to my housing bubble views. Last year they just looked at me weird and talked about it behind my back, now everything is out in the open and they are asking me questions on how this will play out. So we are at an…”OK there was a housing bubble” moment. With that said I don’t think people understand exactly how serious some of these problems are especially surrounding the credit crisis that still shows no sign of abating. I think a catalyst for a panic would be some sort of credit event in the markets ie. a large institution goes belly up, a day when the market can’t open, etc. Now combine that with an election year and all the politicians exploiting the crisis for their own benefit and having this info filter into, The Today Show, Good Morning America, Oprah…etc. You could really see a turning of the herd in the other direction. Once it really sinks in that you can be under water by 150K to 300K+ paying an reset mortgage thats soaking up to 60%+ of your income…….yea you could have a panic.
LA_Renter
ParticipantGood question. If we were to have an actual panic it would be in 2008 IMO. When do we hit a critical mass?? The holidays for me this year have been very different regarding relatives reactions to my housing bubble views. Last year they just looked at me weird and talked about it behind my back, now everything is out in the open and they are asking me questions on how this will play out. So we are at an…”OK there was a housing bubble” moment. With that said I don’t think people understand exactly how serious some of these problems are especially surrounding the credit crisis that still shows no sign of abating. I think a catalyst for a panic would be some sort of credit event in the markets ie. a large institution goes belly up, a day when the market can’t open, etc. Now combine that with an election year and all the politicians exploiting the crisis for their own benefit and having this info filter into, The Today Show, Good Morning America, Oprah…etc. You could really see a turning of the herd in the other direction. Once it really sinks in that you can be under water by 150K to 300K+ paying an reset mortgage thats soaking up to 60%+ of your income…….yea you could have a panic.
LA_Renter
ParticipantGood question. If we were to have an actual panic it would be in 2008 IMO. When do we hit a critical mass?? The holidays for me this year have been very different regarding relatives reactions to my housing bubble views. Last year they just looked at me weird and talked about it behind my back, now everything is out in the open and they are asking me questions on how this will play out. So we are at an…”OK there was a housing bubble” moment. With that said I don’t think people understand exactly how serious some of these problems are especially surrounding the credit crisis that still shows no sign of abating. I think a catalyst for a panic would be some sort of credit event in the markets ie. a large institution goes belly up, a day when the market can’t open, etc. Now combine that with an election year and all the politicians exploiting the crisis for their own benefit and having this info filter into, The Today Show, Good Morning America, Oprah…etc. You could really see a turning of the herd in the other direction. Once it really sinks in that you can be under water by 150K to 300K+ paying an reset mortgage thats soaking up to 60%+ of your income…….yea you could have a panic.
LA_Renter
ParticipantThank you for your rigorous analysis comparing Qualcomm to this ongoing credit crunch and housing bust in mid stream. It took me back and made me think….NOT!
LA_Renter
ParticipantThank you for your rigorous analysis comparing Qualcomm to this ongoing credit crunch and housing bust in mid stream. It took me back and made me think….NOT!
LA_Renter
ParticipantThank you for your rigorous analysis comparing Qualcomm to this ongoing credit crunch and housing bust in mid stream. It took me back and made me think….NOT!
LA_Renter
ParticipantThank you for your rigorous analysis comparing Qualcomm to this ongoing credit crunch and housing bust in mid stream. It took me back and made me think….NOT!
LA_Renter
ParticipantThank you for your rigorous analysis comparing Qualcomm to this ongoing credit crunch and housing bust in mid stream. It took me back and made me think….NOT!
December 19, 2007 at 7:48 AM in reply to: Ouch! SD Union Telling Like it is – March 2004 Overall Median Reached #120384LA_Renter
ParticipantGreat post Juice. So many chastise these blogs for being doom and gloom. Your story highlights the real value of these sites. Many highly intelligent people in the RE establishment have literally been disgraced as this debacle unfolds. The objective of this site and others like it is becoming more clear, they are here to PROTECT people from making a grave life altering financial decision. That is as positive as it gets in my book.
December 19, 2007 at 7:48 AM in reply to: Ouch! SD Union Telling Like it is – March 2004 Overall Median Reached #120517LA_Renter
ParticipantGreat post Juice. So many chastise these blogs for being doom and gloom. Your story highlights the real value of these sites. Many highly intelligent people in the RE establishment have literally been disgraced as this debacle unfolds. The objective of this site and others like it is becoming more clear, they are here to PROTECT people from making a grave life altering financial decision. That is as positive as it gets in my book.
December 19, 2007 at 7:48 AM in reply to: Ouch! SD Union Telling Like it is – March 2004 Overall Median Reached #120554LA_Renter
ParticipantGreat post Juice. So many chastise these blogs for being doom and gloom. Your story highlights the real value of these sites. Many highly intelligent people in the RE establishment have literally been disgraced as this debacle unfolds. The objective of this site and others like it is becoming more clear, they are here to PROTECT people from making a grave life altering financial decision. That is as positive as it gets in my book.
December 19, 2007 at 7:48 AM in reply to: Ouch! SD Union Telling Like it is – March 2004 Overall Median Reached #120598LA_Renter
ParticipantGreat post Juice. So many chastise these blogs for being doom and gloom. Your story highlights the real value of these sites. Many highly intelligent people in the RE establishment have literally been disgraced as this debacle unfolds. The objective of this site and others like it is becoming more clear, they are here to PROTECT people from making a grave life altering financial decision. That is as positive as it gets in my book.
December 19, 2007 at 7:48 AM in reply to: Ouch! SD Union Telling Like it is – March 2004 Overall Median Reached #120617LA_Renter
ParticipantGreat post Juice. So many chastise these blogs for being doom and gloom. Your story highlights the real value of these sites. Many highly intelligent people in the RE establishment have literally been disgraced as this debacle unfolds. The objective of this site and others like it is becoming more clear, they are here to PROTECT people from making a grave life altering financial decision. That is as positive as it gets in my book.
-
AuthorPosts
