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patientrenter
ParticipantEconProf, there was a lot of guessing that foreclosures would drive up rents, but that was before people began to realize that the “real economy” would be hit. I don’t have data, but I think unemployment and reductions in pay will drive rents down. Consider OC’s $1100 rent for 540 sq ft. This is just not going to work in a real recession.
ParticipantEconProf, there was a lot of guessing that foreclosures would drive up rents, but that was before people began to realize that the “real economy” would be hit. I don’t have data, but I think unemployment and reductions in pay will drive rents down. Consider OC’s $1100 rent for 540 sq ft. This is just not going to work in a real recession.
ParticipantEconProf, there was a lot of guessing that foreclosures would drive up rents, but that was before people began to realize that the “real economy” would be hit. I don’t have data, but I think unemployment and reductions in pay will drive rents down. Consider OC’s $1100 rent for 540 sq ft. This is just not going to work in a real recession.
ParticipantI think I like the Roman way best. When can we start?
ParticipantI think I like the Roman way best. When can we start?
ParticipantI think I like the Roman way best. When can we start?
ParticipantI think I like the Roman way best. When can we start?
ParticipantI think I like the Roman way best. When can we start?
Participant[quote=jficquette]
Net new money isn’t created unless its borrowed. If no debt is in involved then its simply cash to cash.The Fed doesn’t print money. It sets conditions to influence how much of it is borrowed. Its the borrowing that expands the money supply.
Low rates won’t help anything if people are not willing to borrow it.
John
[/quote]John,
So what happens in this case?
1. Govt offers non-recourse 30-year 3% fixed rate home loans to anyone with a pulse, no money down.
2. Govt prints any money necessary to make the loans.
Even I would borrow to buy an overpriced house with that arrangement.
Participant[quote=jficquette]
Net new money isn’t created unless its borrowed. If no debt is in involved then its simply cash to cash.The Fed doesn’t print money. It sets conditions to influence how much of it is borrowed. Its the borrowing that expands the money supply.
Low rates won’t help anything if people are not willing to borrow it.
John
[/quote]John,
So what happens in this case?
1. Govt offers non-recourse 30-year 3% fixed rate home loans to anyone with a pulse, no money down.
2. Govt prints any money necessary to make the loans.
Even I would borrow to buy an overpriced house with that arrangement.
Participant[quote=jficquette]
Net new money isn’t created unless its borrowed. If no debt is in involved then its simply cash to cash.The Fed doesn’t print money. It sets conditions to influence how much of it is borrowed. Its the borrowing that expands the money supply.
Low rates won’t help anything if people are not willing to borrow it.
John
[/quote]John,
So what happens in this case?
1. Govt offers non-recourse 30-year 3% fixed rate home loans to anyone with a pulse, no money down.
2. Govt prints any money necessary to make the loans.
Even I would borrow to buy an overpriced house with that arrangement.
Participant[quote=jficquette]
Net new money isn’t created unless its borrowed. If no debt is in involved then its simply cash to cash.The Fed doesn’t print money. It sets conditions to influence how much of it is borrowed. Its the borrowing that expands the money supply.
Low rates won’t help anything if people are not willing to borrow it.
John
[/quote]John,
So what happens in this case?
1. Govt offers non-recourse 30-year 3% fixed rate home loans to anyone with a pulse, no money down.
2. Govt prints any money necessary to make the loans.
Even I would borrow to buy an overpriced house with that arrangement.
Participant[quote=jficquette]
Net new money isn’t created unless its borrowed. If no debt is in involved then its simply cash to cash.The Fed doesn’t print money. It sets conditions to influence how much of it is borrowed. Its the borrowing that expands the money supply.
Low rates won’t help anything if people are not willing to borrow it.
John
[/quote]John,
So what happens in this case?
1. Govt offers non-recourse 30-year 3% fixed rate home loans to anyone with a pulse, no money down.
2. Govt prints any money necessary to make the loans.
Even I would borrow to buy an overpriced house with that arrangement.
Participant[quote=Allan from Fallbrook]
Instead, we have gulled the rest of the world into believing that our ability to push worthless paper and “create” new ways to “make” money is somehow able to sustain this massive mountain of debt, both governmental and commercial.George W. Bush was simply the last logical step in an impending collapse. We got exactly what we, the collective “we”, voted for and deserved.[/quote]
I agree 100%, and you put it very well, Allan of Fallbrook.
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