[patientrenter]

SDR and others, perhaps you are very young, but I and many others have lived through much more difficult economic times than the mini-recessions of 2001 or the early 1990’s. The world did not come to an end, despite asset prices being only a small % of what they are today, even after adjusting for income growth since then.

Yes, if we have a severe recession, some hoped-for outcomes will not come true, but many good things will happen too, and those who act opportunistically will do well in 10 or 20 years time, maybe sooner if they are lucky.

Patient renter in OC

[patientrenter]

SDR and others, perhaps you are very young, but I and many others have lived through much more difficult economic times than the mini-recessions of 2001 or the early 1990’s. The world did not come to an end, despite asset prices being only a small % of what they are today, even after adjusting for income growth since then.

Yes, if we have a severe recession, some hoped-for outcomes will not come true, but many good things will happen too, and those who act opportunistically will do well in 10 or 20 years time, maybe sooner if they are lucky.

Patient renter in OC

[patientrenter]

SDR and others, perhaps you are very young, but I and many others have lived through much more difficult economic times than the mini-recessions of 2001 or the early 1990’s. The world did not come to an end, despite asset prices being only a small % of what they are today, even after adjusting for income growth since then.

Yes, if we have a severe recession, some hoped-for outcomes will not come true, but many good things will happen too, and those who act opportunistically will do well in 10 or 20 years time, maybe sooner if they are lucky.

Patient renter in OC

[patientrenter]

SDR and others, perhaps you are very young, but I and many others have lived through much more difficult economic times than the mini-recessions of 2001 or the early 1990’s. The world did not come to an end, despite asset prices being only a small % of what they are today, even after adjusting for income growth since then.

Yes, if we have a severe recession, some hoped-for outcomes will not come true, but many good things will happen too, and those who act opportunistically will do well in 10 or 20 years time, maybe sooner if they are lucky.

Patient renter in OC

[patientrenter]

FHA will be full doc until that proves to be an obstacle to supporting inflated home prices. Then some, er, flexibility will be introduced. The whole point of all these measures is to inflate home prices, to keep the majority of voters happy. Why would the pols stop until they have tried every old and new trick?

Here’s a Bloomberg article giving you a glimpse into how far along, and how radical, are the proposals being shaped right now to keep inflated home prices, and inflated asset prices generally, as inflated as possible.

http://www.bloomberg.com/apps/news?pid=20601103&sid=arcwG_0LM0lM&refer=us

Patient renter in OC

[patientrenter]

FHA will be full doc until that proves to be an obstacle to supporting inflated home prices. Then some, er, flexibility will be introduced. The whole point of all these measures is to inflate home prices, to keep the majority of voters happy. Why would the pols stop until they have tried every old and new trick?

Here’s a Bloomberg article giving you a glimpse into how far along, and how radical, are the proposals being shaped right now to keep inflated home prices, and inflated asset prices generally, as inflated as possible.

http://www.bloomberg.com/apps/news?pid=20601103&sid=arcwG_0LM0lM&refer=us

Patient renter in OC

[patientrenter]

FHA will be full doc until that proves to be an obstacle to supporting inflated home prices. Then some, er, flexibility will be introduced. The whole point of all these measures is to inflate home prices, to keep the majority of voters happy. Why would the pols stop until they have tried every old and new trick?

Here’s a Bloomberg article giving you a glimpse into how far along, and how radical, are the proposals being shaped right now to keep inflated home prices, and inflated asset prices generally, as inflated as possible.

http://www.bloomberg.com/apps/news?pid=20601103&sid=arcwG_0LM0lM&refer=us

Patient renter in OC

[patientrenter]

FHA will be full doc until that proves to be an obstacle to supporting inflated home prices. Then some, er, flexibility will be introduced. The whole point of all these measures is to inflate home prices, to keep the majority of voters happy. Why would the pols stop until they have tried every old and new trick?

Here’s a Bloomberg article giving you a glimpse into how far along, and how radical, are the proposals being shaped right now to keep inflated home prices, and inflated asset prices generally, as inflated as possible.

http://www.bloomberg.com/apps/news?pid=20601103&sid=arcwG_0LM0lM&refer=us

Patient renter in OC

[patientrenter]

FHA will be full doc until that proves to be an obstacle to supporting inflated home prices. Then some, er, flexibility will be introduced. The whole point of all these measures is to inflate home prices, to keep the majority of voters happy. Why would the pols stop until they have tried every old and new trick?

Here’s a Bloomberg article giving you a glimpse into how far along, and how radical, are the proposals being shaped right now to keep inflated home prices, and inflated asset prices generally, as inflated as possible.

http://www.bloomberg.com/apps/news?pid=20601103&sid=arcwG_0LM0lM&refer=us

Patient renter in OC

[patientrenter]

Aecetia, most republican voters are homeowners…. and most democratic voters are also homeowners. I wouldn’t assume a big difference between the rescue programs from the parties. Both parties will fight tooth and nail to keep home prices as inflated as all the tricks in the book, and a few outside, will allow.

Patient renter in OC

[patientrenter]

Aecetia, most republican voters are homeowners…. and most democratic voters are also homeowners. I wouldn’t assume a big difference between the rescue programs from the parties. Both parties will fight tooth and nail to keep home prices as inflated as all the tricks in the book, and a few outside, will allow.

Patient renter in OC

[patientrenter]

Aecetia, most republican voters are homeowners…. and most democratic voters are also homeowners. I wouldn’t assume a big difference between the rescue programs from the parties. Both parties will fight tooth and nail to keep home prices as inflated as all the tricks in the book, and a few outside, will allow.

Patient renter in OC

[patientrenter]

Aecetia, most republican voters are homeowners…. and most democratic voters are also homeowners. I wouldn’t assume a big difference between the rescue programs from the parties. Both parties will fight tooth and nail to keep home prices as inflated as all the tricks in the book, and a few outside, will allow.

Patient renter in OC

[patientrenter]

Aecetia, most republican voters are homeowners…. and most democratic voters are also homeowners. I wouldn’t assume a big difference between the rescue programs from the parties. Both parties will fight tooth and nail to keep home prices as inflated as all the tricks in the book, and a few outside, will allow.

Patient renter in OC

[patientrenter]

BuyerWill is exactly correct. There is no reason for a collapse in home prices to create any net increase in homelessness. If all home prices dropped by 90% tomorrow, there would be exactly the same number of houses as there are today. All that would happen is that people would pay different amounts to live in them, and maybe some people would buy more houses (investors), and others would rent more (residents-to-be without downpayments).

Patient renter in OC

[Author]

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