[LA_Renter]

SD Bear the interesting thing about your post is that it confirms domestic out-migration is still intact.

[LA_Renter]

SD Bear the interesting thing about your post is that it confirms domestic out-migration is still intact.

[LA_Renter]

SD Bear the interesting thing about your post is that it confirms domestic out-migration is still intact.

[LA_Renter]

SD Bear the interesting thing about your post is that it confirms domestic out-migration is still intact.

[LA_Renter]

SD Bear the interesting thing about your post is that it confirms domestic out-migration is still intact.

[LA_Renter]

Yeah, this has been floating around for a while. The reason its so funny is because it so accurate. And of course I love British humor. Here is another segment on the credit crunch equally as funny.

http://tinyurl.com/yplxcq

[LA_Renter]

Yeah, this has been floating around for a while. The reason its so funny is because it so accurate. And of course I love British humor. Here is another segment on the credit crunch equally as funny.

http://tinyurl.com/yplxcq

[LA_Renter]

Yeah, this has been floating around for a while. The reason its so funny is because it so accurate. And of course I love British humor. Here is another segment on the credit crunch equally as funny.

http://tinyurl.com/yplxcq

[LA_Renter]

Yeah, this has been floating around for a while. The reason its so funny is because it so accurate. And of course I love British humor. Here is another segment on the credit crunch equally as funny.

http://tinyurl.com/yplxcq

[LA_Renter]

Yeah, this has been floating around for a while. The reason its so funny is because it so accurate. And of course I love British humor. Here is another segment on the credit crunch equally as funny.

http://tinyurl.com/yplxcq

[LA_Renter]

From the LA Times article on the rate freeze;

“A major hurdle to the deal has yet to be overcome: getting agreement from investors in mortgage-backed securities, who have resisted modifying loans except on a case-by-case basis.
“There is a $64,000 question: Will investors go along with this plan? And if not, can they be compelled to?” asked Sen. Charles E. Schumer (D-N.Y.), chairman of Congress’ Joint Economic Committee. ”

IMO if the Government and banks reset loan rates when they deem appropriate you can be sure that investors will never again buy securities based on adjustable-rate mortgages. That means less money to buy homes with which will result in falling prices which will escalate defaults which will…….(fill in blank). So I don’t see this particular matter slowing down home depreciation. Government intervention in the markets never works. The FED is getting ready to turn the spigot on, the Govt is poking its nose in the markets, take this time to read about Japan in the 80’s through today. Japan basically mothballed their bad loans and went to a ZIRP policy which was nothing more than pushing on a string. Granted there are concrete differences between the US economy today and Japan’s of the late 80’s but with each passing day our situation is looking more and more like theirs. I agree with SD Realtor in that the current bailout talk on rate freezes is only a precursor to a much larger taxpayer funded bailout. Once we take those steps into this insidious form of socialism, market efficiencies cease to function. Rather than having a swift correction (which in this case could be catastrophic) we will endure years of a sluggish economy and falling home prices. Welcome to your new reality.

[LA_Renter]

From the LA Times article on the rate freeze;

“A major hurdle to the deal has yet to be overcome: getting agreement from investors in mortgage-backed securities, who have resisted modifying loans except on a case-by-case basis.
“There is a $64,000 question: Will investors go along with this plan? And if not, can they be compelled to?” asked Sen. Charles E. Schumer (D-N.Y.), chairman of Congress’ Joint Economic Committee. ”

IMO if the Government and banks reset loan rates when they deem appropriate you can be sure that investors will never again buy securities based on adjustable-rate mortgages. That means less money to buy homes with which will result in falling prices which will escalate defaults which will…….(fill in blank). So I don’t see this particular matter slowing down home depreciation. Government intervention in the markets never works. The FED is getting ready to turn the spigot on, the Govt is poking its nose in the markets, take this time to read about Japan in the 80’s through today. Japan basically mothballed their bad loans and went to a ZIRP policy which was nothing more than pushing on a string. Granted there are concrete differences between the US economy today and Japan’s of the late 80’s but with each passing day our situation is looking more and more like theirs. I agree with SD Realtor in that the current bailout talk on rate freezes is only a precursor to a much larger taxpayer funded bailout. Once we take those steps into this insidious form of socialism, market efficiencies cease to function. Rather than having a swift correction (which in this case could be catastrophic) we will endure years of a sluggish economy and falling home prices. Welcome to your new reality.

[LA_Renter]

From the LA Times article on the rate freeze;

“A major hurdle to the deal has yet to be overcome: getting agreement from investors in mortgage-backed securities, who have resisted modifying loans except on a case-by-case basis.
“There is a $64,000 question: Will investors go along with this plan? And if not, can they be compelled to?” asked Sen. Charles E. Schumer (D-N.Y.), chairman of Congress’ Joint Economic Committee. ”

IMO if the Government and banks reset loan rates when they deem appropriate you can be sure that investors will never again buy securities based on adjustable-rate mortgages. That means less money to buy homes with which will result in falling prices which will escalate defaults which will…….(fill in blank). So I don’t see this particular matter slowing down home depreciation. Government intervention in the markets never works. The FED is getting ready to turn the spigot on, the Govt is poking its nose in the markets, take this time to read about Japan in the 80’s through today. Japan basically mothballed their bad loans and went to a ZIRP policy which was nothing more than pushing on a string. Granted there are concrete differences between the US economy today and Japan’s of the late 80’s but with each passing day our situation is looking more and more like theirs. I agree with SD Realtor in that the current bailout talk on rate freezes is only a precursor to a much larger taxpayer funded bailout. Once we take those steps into this insidious form of socialism, market efficiencies cease to function. Rather than having a swift correction (which in this case could be catastrophic) we will endure years of a sluggish economy and falling home prices. Welcome to your new reality.

[LA_Renter]

From the LA Times article on the rate freeze;

“A major hurdle to the deal has yet to be overcome: getting agreement from investors in mortgage-backed securities, who have resisted modifying loans except on a case-by-case basis.
“There is a $64,000 question: Will investors go along with this plan? And if not, can they be compelled to?” asked Sen. Charles E. Schumer (D-N.Y.), chairman of Congress’ Joint Economic Committee. ”

IMO if the Government and banks reset loan rates when they deem appropriate you can be sure that investors will never again buy securities based on adjustable-rate mortgages. That means less money to buy homes with which will result in falling prices which will escalate defaults which will…….(fill in blank). So I don’t see this particular matter slowing down home depreciation. Government intervention in the markets never works. The FED is getting ready to turn the spigot on, the Govt is poking its nose in the markets, take this time to read about Japan in the 80’s through today. Japan basically mothballed their bad loans and went to a ZIRP policy which was nothing more than pushing on a string. Granted there are concrete differences between the US economy today and Japan’s of the late 80’s but with each passing day our situation is looking more and more like theirs. I agree with SD Realtor in that the current bailout talk on rate freezes is only a precursor to a much larger taxpayer funded bailout. Once we take those steps into this insidious form of socialism, market efficiencies cease to function. Rather than having a swift correction (which in this case could be catastrophic) we will endure years of a sluggish economy and falling home prices. Welcome to your new reality.

[LA_Renter]

From the LA Times article on the rate freeze;

“A major hurdle to the deal has yet to be overcome: getting agreement from investors in mortgage-backed securities, who have resisted modifying loans except on a case-by-case basis.
“There is a $64,000 question: Will investors go along with this plan? And if not, can they be compelled to?” asked Sen. Charles E. Schumer (D-N.Y.), chairman of Congress’ Joint Economic Committee. ”

IMO if the Government and banks reset loan rates when they deem appropriate you can be sure that investors will never again buy securities based on adjustable-rate mortgages. That means less money to buy homes with which will result in falling prices which will escalate defaults which will…….(fill in blank). So I don’t see this particular matter slowing down home depreciation. Government intervention in the markets never works. The FED is getting ready to turn the spigot on, the Govt is poking its nose in the markets, take this time to read about Japan in the 80’s through today. Japan basically mothballed their bad loans and went to a ZIRP policy which was nothing more than pushing on a string. Granted there are concrete differences between the US economy today and Japan’s of the late 80’s but with each passing day our situation is looking more and more like theirs. I agree with SD Realtor in that the current bailout talk on rate freezes is only a precursor to a much larger taxpayer funded bailout. Once we take those steps into this insidious form of socialism, market efficiencies cease to function. Rather than having a swift correction (which in this case could be catastrophic) we will endure years of a sluggish economy and falling home prices. Welcome to your new reality.

[Author]

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