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patientrenter
Participant[quote=Arraya]Yes, PR the banks are responding to the will of the people. Just like with subprime. There was so many people that wanted loans the banks could not help themselves. See, the banks are super-trusting, pushovers in PRs eyes and evil strawberry picking Hummer drivers victimized the poor helpless banks.
Yeah, the banks benefit to loan modifications are not even considered. Right. It has nothing to do with trillions in bets they can’t pay as well as the easiest and quickest way to keep home prices high which their health depends on. Suurre…[/quote]
Like I say, Arraya, if you believe people with money should keep lending, and should also forgive loans, then just send me your check. When I don’t repay, I’d be happy to hear from you why that’s all for the best.
Participant[quote=Arraya]Yes, PR the banks are responding to the will of the people. Just like with subprime. There was so many people that wanted loans the banks could not help themselves. See, the banks are super-trusting, pushovers in PRs eyes and evil strawberry picking Hummer drivers victimized the poor helpless banks.
Yeah, the banks benefit to loan modifications are not even considered. Right. It has nothing to do with trillions in bets they can’t pay as well as the easiest and quickest way to keep home prices high which their health depends on. Suurre…[/quote]
Like I say, Arraya, if you believe people with money should keep lending, and should also forgive loans, then just send me your check. When I don’t repay, I’d be happy to hear from you why that’s all for the best.
Participant[quote=Arraya]Yes, PR the banks are responding to the will of the people. Just like with subprime. There was so many people that wanted loans the banks could not help themselves. See, the banks are super-trusting, pushovers in PRs eyes and evil strawberry picking Hummer drivers victimized the poor helpless banks.
Yeah, the banks benefit to loan modifications are not even considered. Right. It has nothing to do with trillions in bets they can’t pay as well as the easiest and quickest way to keep home prices high which their health depends on. Suurre…[/quote]
Like I say, Arraya, if you believe people with money should keep lending, and should also forgive loans, then just send me your check. When I don’t repay, I’d be happy to hear from you why that’s all for the best.
Participant[quote=SD Realtor]…..So yes this will help me and all the other evil flippers but it will effectively help buyers as well.
And yes uco this is consistent with govt policy and reinflating the bubble.[/quote]
SDR, your last paragraph is correct, but the one prior is not. I’ve never thought that flippers were evil, and in particular I think people like you are doing the best they can given the cards that our govt has dealt us all.
Participant[quote=SD Realtor]…..So yes this will help me and all the other evil flippers but it will effectively help buyers as well.
And yes uco this is consistent with govt policy and reinflating the bubble.[/quote]
SDR, your last paragraph is correct, but the one prior is not. I’ve never thought that flippers were evil, and in particular I think people like you are doing the best they can given the cards that our govt has dealt us all.
Participant[quote=SD Realtor]…..So yes this will help me and all the other evil flippers but it will effectively help buyers as well.
And yes uco this is consistent with govt policy and reinflating the bubble.[/quote]
SDR, your last paragraph is correct, but the one prior is not. I’ve never thought that flippers were evil, and in particular I think people like you are doing the best they can given the cards that our govt has dealt us all.
Participant[quote=SD Realtor]…..So yes this will help me and all the other evil flippers but it will effectively help buyers as well.
And yes uco this is consistent with govt policy and reinflating the bubble.[/quote]
SDR, your last paragraph is correct, but the one prior is not. I’ve never thought that flippers were evil, and in particular I think people like you are doing the best they can given the cards that our govt has dealt us all.
Participant[quote=SD Realtor]…..So yes this will help me and all the other evil flippers but it will effectively help buyers as well.
And yes uco this is consistent with govt policy and reinflating the bubble.[/quote]
SDR, your last paragraph is correct, but the one prior is not. I’ve never thought that flippers were evil, and in particular I think people like you are doing the best they can given the cards that our govt has dealt us all.
Participant[quote=CA renter]…
Don’t forget the effects of low interest rates and high leverage. IMHO, this can be a much more significant cause of bubbles than actual savings. The past couple of decades have seen a significant decline in interest rates and a significant increase in leverage.[/quote]Lending moves savings, and bad lending can lead to too much savings being directed into a limited pool of assets, driving up the prices of those assets to bubble levels. However, we suffered an increase in the price of almost all assets. Homes and stocks all rocketed up to bubble levels.
The problem was not so much that we were diverting savings money from one type of asset to another. That could be fixed primarily by changing lending practices. We just had too much total savings coming in, and you can’t fix the asset bubble and bad lending that results unless you fix the aggregate mismatch between too much savings compared to the good investment opportunities.
Participant[quote=CA renter]…
Don’t forget the effects of low interest rates and high leverage. IMHO, this can be a much more significant cause of bubbles than actual savings. The past couple of decades have seen a significant decline in interest rates and a significant increase in leverage.[/quote]Lending moves savings, and bad lending can lead to too much savings being directed into a limited pool of assets, driving up the prices of those assets to bubble levels. However, we suffered an increase in the price of almost all assets. Homes and stocks all rocketed up to bubble levels.
The problem was not so much that we were diverting savings money from one type of asset to another. That could be fixed primarily by changing lending practices. We just had too much total savings coming in, and you can’t fix the asset bubble and bad lending that results unless you fix the aggregate mismatch between too much savings compared to the good investment opportunities.
Participant[quote=CA renter]…
Don’t forget the effects of low interest rates and high leverage. IMHO, this can be a much more significant cause of bubbles than actual savings. The past couple of decades have seen a significant decline in interest rates and a significant increase in leverage.[/quote]Lending moves savings, and bad lending can lead to too much savings being directed into a limited pool of assets, driving up the prices of those assets to bubble levels. However, we suffered an increase in the price of almost all assets. Homes and stocks all rocketed up to bubble levels.
The problem was not so much that we were diverting savings money from one type of asset to another. That could be fixed primarily by changing lending practices. We just had too much total savings coming in, and you can’t fix the asset bubble and bad lending that results unless you fix the aggregate mismatch between too much savings compared to the good investment opportunities.
Participant[quote=CA renter]…
Don’t forget the effects of low interest rates and high leverage. IMHO, this can be a much more significant cause of bubbles than actual savings. The past couple of decades have seen a significant decline in interest rates and a significant increase in leverage.[/quote]Lending moves savings, and bad lending can lead to too much savings being directed into a limited pool of assets, driving up the prices of those assets to bubble levels. However, we suffered an increase in the price of almost all assets. Homes and stocks all rocketed up to bubble levels.
The problem was not so much that we were diverting savings money from one type of asset to another. That could be fixed primarily by changing lending practices. We just had too much total savings coming in, and you can’t fix the asset bubble and bad lending that results unless you fix the aggregate mismatch between too much savings compared to the good investment opportunities.
Participant[quote=CA renter]…
Don’t forget the effects of low interest rates and high leverage. IMHO, this can be a much more significant cause of bubbles than actual savings. The past couple of decades have seen a significant decline in interest rates and a significant increase in leverage.[/quote]Lending moves savings, and bad lending can lead to too much savings being directed into a limited pool of assets, driving up the prices of those assets to bubble levels. However, we suffered an increase in the price of almost all assets. Homes and stocks all rocketed up to bubble levels.
The problem was not so much that we were diverting savings money from one type of asset to another. That could be fixed primarily by changing lending practices. We just had too much total savings coming in, and you can’t fix the asset bubble and bad lending that results unless you fix the aggregate mismatch between too much savings compared to the good investment opportunities.
Participant[quote=SK in CV]….
You think it’s all about the borrowers. It isn’t. It’s about the lenders.[/quote]I like your reasoning: Repaying loans is not the borrowers’ responsibility, but doubtless you think lenders should keep lending.
So then you won’t mind sending me a cashier’s check for your net worth, as a loan that won’t be repaid. I am waiting.
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