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peterb
ParticipantBut wait! He was awarded a Nobel prize in economics! Say it aint so. While everyone is eye-balling Big O’s Nobel prize they should take a look at Krugmans while their at it. Or most of them for that matter. Mostly political mastrubation.
ParticipantBut wait! He was awarded a Nobel prize in economics! Say it aint so. While everyone is eye-balling Big O’s Nobel prize they should take a look at Krugmans while their at it. Or most of them for that matter. Mostly political mastrubation.
ParticipantBut wait! He was awarded a Nobel prize in economics! Say it aint so. While everyone is eye-balling Big O’s Nobel prize they should take a look at Krugmans while their at it. Or most of them for that matter. Mostly political mastrubation.
ParticipantClose to 10% of all mortgages in CA are in “late payment” status. This must be a record. Optimistic unemployment is at 12.2%, which is also in record territory. Govt intervention is at a level no ones’ ever seen before. Foreclosure moratoriums, Mark-to-bubble pricing, etc…
Is this sustainable? I wonder how the lack of cash flow is effecting all the holders of these mortages that are no longer getting payments? Strategic default is also gaining momentum along with unemployment caused defaults.
There’s been downturns in CA real estate in the past, but none with this kind of environment before or intensity. Buying a house is a very expensive and long term commitment. I would think people would be looking for at least year-over-year improvement before making this level of investment.
ParticipantClose to 10% of all mortgages in CA are in “late payment” status. This must be a record. Optimistic unemployment is at 12.2%, which is also in record territory. Govt intervention is at a level no ones’ ever seen before. Foreclosure moratoriums, Mark-to-bubble pricing, etc…
Is this sustainable? I wonder how the lack of cash flow is effecting all the holders of these mortages that are no longer getting payments? Strategic default is also gaining momentum along with unemployment caused defaults.
There’s been downturns in CA real estate in the past, but none with this kind of environment before or intensity. Buying a house is a very expensive and long term commitment. I would think people would be looking for at least year-over-year improvement before making this level of investment.
ParticipantClose to 10% of all mortgages in CA are in “late payment” status. This must be a record. Optimistic unemployment is at 12.2%, which is also in record territory. Govt intervention is at a level no ones’ ever seen before. Foreclosure moratoriums, Mark-to-bubble pricing, etc…
Is this sustainable? I wonder how the lack of cash flow is effecting all the holders of these mortages that are no longer getting payments? Strategic default is also gaining momentum along with unemployment caused defaults.
There’s been downturns in CA real estate in the past, but none with this kind of environment before or intensity. Buying a house is a very expensive and long term commitment. I would think people would be looking for at least year-over-year improvement before making this level of investment.
ParticipantClose to 10% of all mortgages in CA are in “late payment” status. This must be a record. Optimistic unemployment is at 12.2%, which is also in record territory. Govt intervention is at a level no ones’ ever seen before. Foreclosure moratoriums, Mark-to-bubble pricing, etc…
Is this sustainable? I wonder how the lack of cash flow is effecting all the holders of these mortages that are no longer getting payments? Strategic default is also gaining momentum along with unemployment caused defaults.
There’s been downturns in CA real estate in the past, but none with this kind of environment before or intensity. Buying a house is a very expensive and long term commitment. I would think people would be looking for at least year-over-year improvement before making this level of investment.
ParticipantClose to 10% of all mortgages in CA are in “late payment” status. This must be a record. Optimistic unemployment is at 12.2%, which is also in record territory. Govt intervention is at a level no ones’ ever seen before. Foreclosure moratoriums, Mark-to-bubble pricing, etc…
Is this sustainable? I wonder how the lack of cash flow is effecting all the holders of these mortages that are no longer getting payments? Strategic default is also gaining momentum along with unemployment caused defaults.
There’s been downturns in CA real estate in the past, but none with this kind of environment before or intensity. Buying a house is a very expensive and long term commitment. I would think people would be looking for at least year-over-year improvement before making this level of investment.
ParticipantThe core problem with C-S is that it tracks transactions. This market is now so heavily manipulated by govt and banking intervention and suspension of law that transactional analysis is not very meaningful if one is trying to determine market direction or strength.
ParticipantThe core problem with C-S is that it tracks transactions. This market is now so heavily manipulated by govt and banking intervention and suspension of law that transactional analysis is not very meaningful if one is trying to determine market direction or strength.
ParticipantThe core problem with C-S is that it tracks transactions. This market is now so heavily manipulated by govt and banking intervention and suspension of law that transactional analysis is not very meaningful if one is trying to determine market direction or strength.
ParticipantThe core problem with C-S is that it tracks transactions. This market is now so heavily manipulated by govt and banking intervention and suspension of law that transactional analysis is not very meaningful if one is trying to determine market direction or strength.
ParticipantThe core problem with C-S is that it tracks transactions. This market is now so heavily manipulated by govt and banking intervention and suspension of law that transactional analysis is not very meaningful if one is trying to determine market direction or strength.
September 27, 2009 at 8:35 PM in reply to: Homeowners who ‘strategically default’ on loans a growing problem #461803ParticipantThis will gain popularity as more people strategically default. These things have a kind of momentum to them. The rationalization will start and then the actual action will grow and become socially acceptable. Then those that dont do it will be labeled as “suckers”. And those that have defaulted will have more disposable income and the ability to invest their money in assets that are appreciating.
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