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patientrenter
ParticipantPrices at the peak (in areas that were developed in 1996 so we can compare prices now to prices then) were about 4-5 times higher than back in 1996. So a drop of 25% from the peak – a global residential real estate peak that was unprecedented in recorded history – is peanuts.
If the price decreases at the high end continue on their normal, natural course to a cyclical low, then the federal govt will come up with a new way to funnel more money into the high end. I don’t expect prices to be allowed to get anywhere close to their natural economic level at the bottom of a RE cycle, either at the low end of the market or at the high end.
ParticipantPrices at the peak (in areas that were developed in 1996 so we can compare prices now to prices then) were about 4-5 times higher than back in 1996. So a drop of 25% from the peak – a global residential real estate peak that was unprecedented in recorded history – is peanuts.
If the price decreases at the high end continue on their normal, natural course to a cyclical low, then the federal govt will come up with a new way to funnel more money into the high end. I don’t expect prices to be allowed to get anywhere close to their natural economic level at the bottom of a RE cycle, either at the low end of the market or at the high end.
ParticipantPrices at the peak (in areas that were developed in 1996 so we can compare prices now to prices then) were about 4-5 times higher than back in 1996. So a drop of 25% from the peak – a global residential real estate peak that was unprecedented in recorded history – is peanuts.
If the price decreases at the high end continue on their normal, natural course to a cyclical low, then the federal govt will come up with a new way to funnel more money into the high end. I don’t expect prices to be allowed to get anywhere close to their natural economic level at the bottom of a RE cycle, either at the low end of the market or at the high end.
Participant“One of the better suggested reforms I’ve heard would require loan originators (who often act as servicers, as well) keep some skin in the game on the mortgage for a period of x-years after the loan is made. If the underwriters had to hold the loan longer, they’d underwrite more conservatively.”
If it would cause home loans to be underwritten more conservatively, then it won’t happen.
Participant“One of the better suggested reforms I’ve heard would require loan originators (who often act as servicers, as well) keep some skin in the game on the mortgage for a period of x-years after the loan is made. If the underwriters had to hold the loan longer, they’d underwrite more conservatively.”
If it would cause home loans to be underwritten more conservatively, then it won’t happen.
Participant“One of the better suggested reforms I’ve heard would require loan originators (who often act as servicers, as well) keep some skin in the game on the mortgage for a period of x-years after the loan is made. If the underwriters had to hold the loan longer, they’d underwrite more conservatively.”
If it would cause home loans to be underwritten more conservatively, then it won’t happen.
Participant“One of the better suggested reforms I’ve heard would require loan originators (who often act as servicers, as well) keep some skin in the game on the mortgage for a period of x-years after the loan is made. If the underwriters had to hold the loan longer, they’d underwrite more conservatively.”
If it would cause home loans to be underwritten more conservatively, then it won’t happen.
Participant“One of the better suggested reforms I’ve heard would require loan originators (who often act as servicers, as well) keep some skin in the game on the mortgage for a period of x-years after the loan is made. If the underwriters had to hold the loan longer, they’d underwrite more conservatively.”
If it would cause home loans to be underwritten more conservatively, then it won’t happen.
ParticipantZillow estimates are above market prices in most cases. Perhaps they are refining this, by excluding all forced sales? That should increase the Zillow prices even more.
ParticipantZillow estimates are above market prices in most cases. Perhaps they are refining this, by excluding all forced sales? That should increase the Zillow prices even more.
ParticipantZillow estimates are above market prices in most cases. Perhaps they are refining this, by excluding all forced sales? That should increase the Zillow prices even more.
ParticipantZillow estimates are above market prices in most cases. Perhaps they are refining this, by excluding all forced sales? That should increase the Zillow prices even more.
ParticipantZillow estimates are above market prices in most cases. Perhaps they are refining this, by excluding all forced sales? That should increase the Zillow prices even more.
Participant“..me want to go out a buy a house on a huge lot”
Just make sure you use a no-money-down non-recourse loan, thanks to the taxpayers.
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