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peterb
ParticipantMe thinks the US$ will be rising for most of this years remainder. Keep in mind when measuring gold value , that compared to commodities, it gains in strength as the market dives. This makes gold mining much more profitable.
As credit is constricted/destoyed….money goes up and leveraged assets go down.peterb
ParticipantMe thinks the US$ will be rising for most of this years remainder. Keep in mind when measuring gold value , that compared to commodities, it gains in strength as the market dives. This makes gold mining much more profitable.
As credit is constricted/destoyed….money goes up and leveraged assets go down.peterb
ParticipantMe thinks the US$ will be rising for most of this years remainder. Keep in mind when measuring gold value , that compared to commodities, it gains in strength as the market dives. This makes gold mining much more profitable.
As credit is constricted/destoyed….money goes up and leveraged assets go down.peterb
ParticipantI will say one thing in support of TPTB….if this all happened at once, the system could collapse.
If 25% of the mortgages in SD county are upside down at ths time, and if unemployment persists, I could see this being a slow grind down, punctuated by times of extreme drops during the RE “off season” for several more years.
peterb
ParticipantI will say one thing in support of TPTB….if this all happened at once, the system could collapse.
If 25% of the mortgages in SD county are upside down at ths time, and if unemployment persists, I could see this being a slow grind down, punctuated by times of extreme drops during the RE “off season” for several more years.
peterb
ParticipantI will say one thing in support of TPTB….if this all happened at once, the system could collapse.
If 25% of the mortgages in SD county are upside down at ths time, and if unemployment persists, I could see this being a slow grind down, punctuated by times of extreme drops during the RE “off season” for several more years.
peterb
ParticipantI will say one thing in support of TPTB….if this all happened at once, the system could collapse.
If 25% of the mortgages in SD county are upside down at ths time, and if unemployment persists, I could see this being a slow grind down, punctuated by times of extreme drops during the RE “off season” for several more years.
peterb
ParticipantI will say one thing in support of TPTB….if this all happened at once, the system could collapse.
If 25% of the mortgages in SD county are upside down at ths time, and if unemployment persists, I could see this being a slow grind down, punctuated by times of extreme drops during the RE “off season” for several more years.
peterb
ParticipantThere’s a reason the foreclosure process exists! It’s because it’s a clean way to get accounts settled and move on. It needs to happen. All this talk about modifications and renogiations etc, is just stalling the inevitable. The methodical process of highly leveraged assets unwinding is hard enough as it is. Throwing this into the mix only screws it up more and prolongs the pain. If you think it through, foreclosure needs to be allowed to run its course.
peterb
ParticipantThere’s a reason the foreclosure process exists! It’s because it’s a clean way to get accounts settled and move on. It needs to happen. All this talk about modifications and renogiations etc, is just stalling the inevitable. The methodical process of highly leveraged assets unwinding is hard enough as it is. Throwing this into the mix only screws it up more and prolongs the pain. If you think it through, foreclosure needs to be allowed to run its course.
peterb
ParticipantThere’s a reason the foreclosure process exists! It’s because it’s a clean way to get accounts settled and move on. It needs to happen. All this talk about modifications and renogiations etc, is just stalling the inevitable. The methodical process of highly leveraged assets unwinding is hard enough as it is. Throwing this into the mix only screws it up more and prolongs the pain. If you think it through, foreclosure needs to be allowed to run its course.
peterb
ParticipantThere’s a reason the foreclosure process exists! It’s because it’s a clean way to get accounts settled and move on. It needs to happen. All this talk about modifications and renogiations etc, is just stalling the inevitable. The methodical process of highly leveraged assets unwinding is hard enough as it is. Throwing this into the mix only screws it up more and prolongs the pain. If you think it through, foreclosure needs to be allowed to run its course.
peterb
ParticipantThere’s a reason the foreclosure process exists! It’s because it’s a clean way to get accounts settled and move on. It needs to happen. All this talk about modifications and renogiations etc, is just stalling the inevitable. The methodical process of highly leveraged assets unwinding is hard enough as it is. Throwing this into the mix only screws it up more and prolongs the pain. If you think it through, foreclosure needs to be allowed to run its course.
peterb
ParticipantI would look very closely at who has benefited from the various bailouts that have taken place thus far. Certain banks and some companies.
Home owners have been ,and are in , foreclosure in absolutely all-time record levels. The various talk of loan modifications etc…has mostly been talk, not action. As Rich has shown, shadow inventory looks to be very real. I dont see this as saving the home owners at all. These are delaying tactics, but not actually saving homeowners. Many banks now look to be headed south at this time as well. -
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