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NotCranky
ParticipantSDR I appreciate you desire to have changes that would produce stable market and enforce personal and institutional responsibility. If we could skip the gold rush mentality every decade by installing better checks and balances there would be no real big winners and losers and the economy wouldn’t convulse over something as basic as shelter. Smart people could still progress with Re investment. I also think commission structures could stabilize with the market to where people didn’t feel,appropriately in my opinion, like they were getting ripped off.
I think the editorial mish wrote explains a lot of it too. Poster claiming that abiding by a contract is just, are making good points.I certainly don’t think that invalidates what you are putting on the table.ParticipantSDR I appreciate you desire to have changes that would produce stable market and enforce personal and institutional responsibility. If we could skip the gold rush mentality every decade by installing better checks and balances there would be no real big winners and losers and the economy wouldn’t convulse over something as basic as shelter. Smart people could still progress with Re investment. I also think commission structures could stabilize with the market to where people didn’t feel,appropriately in my opinion, like they were getting ripped off.
I think the editorial mish wrote explains a lot of it too. Poster claiming that abiding by a contract is just, are making good points.I certainly don’t think that invalidates what you are putting on the table.ParticipantJust wanted to say thanks for posting this e. It is undeniable that we have at least one section of the metropolis that is a raging fire.Thanks to Cramer the news has gone national including street names. This is the area some of us expected would go first(and that most piggs are not concerned with). I have had the pleasure of warning a couple in Encanto to sell and rent and actually having them listen. They pocketed 85k which is everything they have and which would have been gone by now.
ParticipantJust wanted to say thanks for posting this e. It is undeniable that we have at least one section of the metropolis that is a raging fire.Thanks to Cramer the news has gone national including street names. This is the area some of us expected would go first(and that most piggs are not concerned with). I have had the pleasure of warning a couple in Encanto to sell and rent and actually having them listen. They pocketed 85k which is everything they have and which would have been gone by now.
ParticipantJust wanted to say thanks for posting this e. It is undeniable that we have at least one section of the metropolis that is a raging fire.Thanks to Cramer the news has gone national including street names. This is the area some of us expected would go first(and that most piggs are not concerned with). I have had the pleasure of warning a couple in Encanto to sell and rent and actually having them listen. They pocketed 85k which is everything they have and which would have been gone by now.
ParticipantJust wanted to say thanks for posting this e. It is undeniable that we have at least one section of the metropolis that is a raging fire.Thanks to Cramer the news has gone national including street names. This is the area some of us expected would go first(and that most piggs are not concerned with). I have had the pleasure of warning a couple in Encanto to sell and rent and actually having them listen. They pocketed 85k which is everything they have and which would have been gone by now.
ParticipantJust wanted to say thanks for posting this e. It is undeniable that we have at least one section of the metropolis that is a raging fire.Thanks to Cramer the news has gone national including street names. This is the area some of us expected would go first(and that most piggs are not concerned with). I have had the pleasure of warning a couple in Encanto to sell and rent and actually having them listen. They pocketed 85k which is everything they have and which would have been gone by now.
Participant“What has to change? Well I believe there should be no more distinction between recourse and non recourse money. If people are simply not going to comprehend that home ownership is a different vehicle then an investment then ultimate responsibility must be incurred in a default unless it can be a well proven hardship.”
I agree with you completely Adam.
My wife and I were just discussing this topic as a result of the other thread. We think it is likely to change. She thought it should be part or loan modification. I thought it would be unfair, as those consumers are somewhat under duress.
Patientlywaiting, thanks for reminding me that it is there to protect the lender as well.
Participant“What has to change? Well I believe there should be no more distinction between recourse and non recourse money. If people are simply not going to comprehend that home ownership is a different vehicle then an investment then ultimate responsibility must be incurred in a default unless it can be a well proven hardship.”
I agree with you completely Adam.
My wife and I were just discussing this topic as a result of the other thread. We think it is likely to change. She thought it should be part or loan modification. I thought it would be unfair, as those consumers are somewhat under duress.
Patientlywaiting, thanks for reminding me that it is there to protect the lender as well.
Participant“What has to change? Well I believe there should be no more distinction between recourse and non recourse money. If people are simply not going to comprehend that home ownership is a different vehicle then an investment then ultimate responsibility must be incurred in a default unless it can be a well proven hardship.”
I agree with you completely Adam.
My wife and I were just discussing this topic as a result of the other thread. We think it is likely to change. She thought it should be part or loan modification. I thought it would be unfair, as those consumers are somewhat under duress.
Patientlywaiting, thanks for reminding me that it is there to protect the lender as well.
Participant“What has to change? Well I believe there should be no more distinction between recourse and non recourse money. If people are simply not going to comprehend that home ownership is a different vehicle then an investment then ultimate responsibility must be incurred in a default unless it can be a well proven hardship.”
I agree with you completely Adam.
My wife and I were just discussing this topic as a result of the other thread. We think it is likely to change. She thought it should be part or loan modification. I thought it would be unfair, as those consumers are somewhat under duress.
Patientlywaiting, thanks for reminding me that it is there to protect the lender as well.
Participant“What has to change? Well I believe there should be no more distinction between recourse and non recourse money. If people are simply not going to comprehend that home ownership is a different vehicle then an investment then ultimate responsibility must be incurred in a default unless it can be a well proven hardship.”
I agree with you completely Adam.
My wife and I were just discussing this topic as a result of the other thread. We think it is likely to change. She thought it should be part or loan modification. I thought it would be unfair, as those consumers are somewhat under duress.
Patientlywaiting, thanks for reminding me that it is there to protect the lender as well.
ParticipantO.K. san diego I would say the 90’s were pretty good to you.Actually YOU did a good job there.YOU are Responsible for that. I wouldn’t agree that RE is underrated from that experience. If you had stayed there you were also on easy street or if you had done a lateral trade and looked hard for value at the time you moved you would have been in relatively good shape.
It sounds like you are determined to leave.Look at what you are doing to your neighbors who are good guys like you and paid big down payments and had good guy type loans. Make sure you think about how unfair it is for you to live there for free when your neighbors are overpaying, If you take that choice. Are the kitchen cabinets nice? I might buy them from you.I know you didn’t say you were going to do those things I am just responding to some strange morality running through this thread in places. Even this “walk clause” is wierd to me. If it is there fine,I know you have hte right to walk, but that is just a scandalous as the things you don’t like about this stupid bubble imho.
ParticipantO.K. san diego I would say the 90’s were pretty good to you.Actually YOU did a good job there.YOU are Responsible for that. I wouldn’t agree that RE is underrated from that experience. If you had stayed there you were also on easy street or if you had done a lateral trade and looked hard for value at the time you moved you would have been in relatively good shape.
It sounds like you are determined to leave.Look at what you are doing to your neighbors who are good guys like you and paid big down payments and had good guy type loans. Make sure you think about how unfair it is for you to live there for free when your neighbors are overpaying, If you take that choice. Are the kitchen cabinets nice? I might buy them from you.I know you didn’t say you were going to do those things I am just responding to some strange morality running through this thread in places. Even this “walk clause” is wierd to me. If it is there fine,I know you have hte right to walk, but that is just a scandalous as the things you don’t like about this stupid bubble imho.
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