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peterb
ParticipantMost Student loans are GSL..which translates into “you owe the USG if you default”. Like a debt to the IRS, you cant BK out of it. At least this used to be the way it was back in the day.
ParticipantMost Student loans are GSL..which translates into “you owe the USG if you default”. Like a debt to the IRS, you cant BK out of it. At least this used to be the way it was back in the day.
ParticipantMost Student loans are GSL..which translates into “you owe the USG if you default”. Like a debt to the IRS, you cant BK out of it. At least this used to be the way it was back in the day.
ParticipantThe govt does not get campaign contributions from the likes of us. They do get them from Wall Street. Guess who’s getting the bailout? Not you or I. I would be completely amazed if they somehow manufactured a massive loan repricing without having so many restrictions on it that it was basically useless to most people. That’s the way they roll.
ParticipantThe govt does not get campaign contributions from the likes of us. They do get them from Wall Street. Guess who’s getting the bailout? Not you or I. I would be completely amazed if they somehow manufactured a massive loan repricing without having so many restrictions on it that it was basically useless to most people. That’s the way they roll.
ParticipantThe govt does not get campaign contributions from the likes of us. They do get them from Wall Street. Guess who’s getting the bailout? Not you or I. I would be completely amazed if they somehow manufactured a massive loan repricing without having so many restrictions on it that it was basically useless to most people. That’s the way they roll.
ParticipantThe govt does not get campaign contributions from the likes of us. They do get them from Wall Street. Guess who’s getting the bailout? Not you or I. I would be completely amazed if they somehow manufactured a massive loan repricing without having so many restrictions on it that it was basically useless to most people. That’s the way they roll.
ParticipantThe govt does not get campaign contributions from the likes of us. They do get them from Wall Street. Guess who’s getting the bailout? Not you or I. I would be completely amazed if they somehow manufactured a massive loan repricing without having so many restrictions on it that it was basically useless to most people. That’s the way they roll.
ParticipantFLU has it right. Check the historic correlation in CA between unemplpoyment and house prices. Anything about 7% is a killer for the RE market. And we just came in at 8.2% and rising. If you estimate that this recession started about a year ago, we probably have at least a couple more years left for the unemployment level to increase.
I could see interest rates go down more just because the volume of mortgages will decrease. This is deflation. So the old 5% is the new 7%. Perhaps this could happen if the risk was mitigated with a high downpayment? 25% down, with a 4.5% for 30 years? Might happen.ParticipantFLU has it right. Check the historic correlation in CA between unemplpoyment and house prices. Anything about 7% is a killer for the RE market. And we just came in at 8.2% and rising. If you estimate that this recession started about a year ago, we probably have at least a couple more years left for the unemployment level to increase.
I could see interest rates go down more just because the volume of mortgages will decrease. This is deflation. So the old 5% is the new 7%. Perhaps this could happen if the risk was mitigated with a high downpayment? 25% down, with a 4.5% for 30 years? Might happen.ParticipantFLU has it right. Check the historic correlation in CA between unemplpoyment and house prices. Anything about 7% is a killer for the RE market. And we just came in at 8.2% and rising. If you estimate that this recession started about a year ago, we probably have at least a couple more years left for the unemployment level to increase.
I could see interest rates go down more just because the volume of mortgages will decrease. This is deflation. So the old 5% is the new 7%. Perhaps this could happen if the risk was mitigated with a high downpayment? 25% down, with a 4.5% for 30 years? Might happen.ParticipantFLU has it right. Check the historic correlation in CA between unemplpoyment and house prices. Anything about 7% is a killer for the RE market. And we just came in at 8.2% and rising. If you estimate that this recession started about a year ago, we probably have at least a couple more years left for the unemployment level to increase.
I could see interest rates go down more just because the volume of mortgages will decrease. This is deflation. So the old 5% is the new 7%. Perhaps this could happen if the risk was mitigated with a high downpayment? 25% down, with a 4.5% for 30 years? Might happen.ParticipantFLU has it right. Check the historic correlation in CA between unemplpoyment and house prices. Anything about 7% is a killer for the RE market. And we just came in at 8.2% and rising. If you estimate that this recession started about a year ago, we probably have at least a couple more years left for the unemployment level to increase.
I could see interest rates go down more just because the volume of mortgages will decrease. This is deflation. So the old 5% is the new 7%. Perhaps this could happen if the risk was mitigated with a high downpayment? 25% down, with a 4.5% for 30 years? Might happen.November 26, 2008 at 11:39 AM in reply to: Why are so many piggs happy about crashing RE prices? #309229ParticipantIt’s a beautiful thing, just ask NAR. Affordability has come back into the market….and it’s growing!!!
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