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NotCranky
ParticipantRustico the messenger of bad news mentioned moratoriums a few weeks ago. It has happened before ,in 26 states during the depression and for about two years I believe. Hopefully this is mostly political grandstanding. The fact that lenders are present for the hearings on the moratorium disturbs me. If this happens it won’t be to fix everything in six months. It will just be a start on implementing further fixes down the road. No doubt about it, loss mitigation is underway(for the banks). How extreme the protection will be is anyone’s guess. My guess is that the FED and Bankers and Lenders are raising or planning on raising the nominal support level with various strategies. That is what they will need more than anything.
We might as well just institutionalize debt slavery.
I think we should organize permanent vacation compounds in Mexico and rotate ourselves up here to work in 3 momth shifts to pay for our subsistence. No Kool-aid allowed.ParticipantAlex. A lot of us have been pretty nice to you. Why are you doing this? I happen to know you are priced out. It was easy to read between the lines.First it was prices now it is lending standards and intereset rates.You wanted to be one of the contrarians that bought but you can’t. If you don’t think RE will correct in a downward fashion, so that you won’t be priced out, what are you doing here? Are you trying to convince everyone here that they are priced out forever just like you?
Do you need to share your pain? Go ahead ALex I will give you a shoulder to cry on. I think this whole thing is criminal no matter what the future portends for housing prices. I also think it is benficial to value what you can afford and be happy instead of wish you could afford what you value and be bitter and act crazy on Piggington’s.
Best wishes.ParticipantAlex. A lot of us have been pretty nice to you. Why are you doing this? I happen to know you are priced out. It was easy to read between the lines.First it was prices now it is lending standards and intereset rates.You wanted to be one of the contrarians that bought but you can’t. If you don’t think RE will correct in a downward fashion, so that you won’t be priced out, what are you doing here? Are you trying to convince everyone here that they are priced out forever just like you?
Do you need to share your pain? Go ahead ALex I will give you a shoulder to cry on. I think this whole thing is criminal no matter what the future portends for housing prices. I also think it is benficial to value what you can afford and be happy instead of wish you could afford what you value and be bitter and act crazy on Piggington’s.
Best wishes.ParticipantAlex. A lot of us have been pretty nice to you. Why are you doing this? I happen to know you are priced out. It was easy to read between the lines.First it was prices now it is lending standards and intereset rates.You wanted to be one of the contrarians that bought but you can’t. If you don’t think RE will correct in a downward fashion, so that you won’t be priced out, what are you doing here? Are you trying to convince everyone here that they are priced out forever just like you?
Do you need to share your pain? Go ahead ALex I will give you a shoulder to cry on. I think this whole thing is criminal no matter what the future portends for housing prices. I also think it is benficial to value what you can afford and be happy instead of wish you could afford what you value and be bitter and act crazy on Piggington’s.
Best wishes.ParticipantSome say they can’t afford to take the loss(200k or more) but they are comfortable riding it out. Are you comfortable riding it out if you lose your job or take a big cut in pay?I think that people who can’t afford to pay cash for the drop,and it could be is 40%50%, can’t afford the house and have a debtor mentality.
ParticipantSome say they can’t afford to take the loss(200k or more) but they are comfortable riding it out. Are you comfortable riding it out if you lose your job or take a big cut in pay?I think that people who can’t afford to pay cash for the drop,and it could be is 40%50%, can’t afford the house and have a debtor mentality.
ParticipantSome say they can’t afford to take the loss(200k or more) but they are comfortable riding it out. Are you comfortable riding it out if you lose your job or take a big cut in pay?I think that people who can’t afford to pay cash for the drop,and it could be is 40%50%, can’t afford the house and have a debtor mentality.
ParticipantI have always wondered this new guy. Also, is a Big Mac more fattening than a Big Mae?
Just kidding. The topic has been all over the threads though.
ParticipantI have always wondered this new guy. Also, is a Big Mac more fattening than a Big Mae?
Just kidding. The topic has been all over the threads though.
ParticipantI have always wondered this new guy. Also, is a Big Mac more fattening than a Big Mae?
Just kidding. The topic has been all over the threads though.
ParticipantThese guys all know each other? I know a conspiracy when I see one.
ParticipantThese guys all know each other? I know a conspiracy when I see one.
ParticipantThese guys all know each other? I know a conspiracy when I see one.
Participant“Ramsey Su, an investor and former real-estate broker who attended, calculated that the high bids for the homes averaged 67% of the prices they fetched when they were last sold, mostly in 2004 or 2005. At a similar auction in San Diego in May, the average was 73%.”
For those of you who may not have noticed the broker,Ramsey, has made “guest” posts for Rich. You can type Ramsey Su into the site search and several of his contributions come up. Excuse me if this has already been noted on another thread.
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