[qcomer]

I have been frustrated as I have had 3-4 short sale offers rejected by lender. I have now excluded them from my search despite short sales making 40% of the market right now. What benefit do banks have with going through with a short sale instead of foreclosure? And real estate agents are extremely reluctant to work with short sales. Any idea, how many of these contingent short sales will end up in foreclosure or come back on market?

[qcomer]

This was expected following the trails of so called stimulus package and the mortgage help programs. This country is on its way to bankruptcy and much lower standards of living for future generations.

This proposal or some other proposal of this form will ultimately come to bailout/reward fiscal irresponsibility. This will increase deficits, kill dollar and help commodities and hard assets (gold anyone?). When these bad loans will start blowing up on govt on massive levels (trillions of dollars), our foreign borrowers will disappear and stop financing us. Then we will see double digit interest rates and much higher taxes for ALL. Unfortunately, we all will have to pay for the excesses of the few.

[qcomer]

This was expected following the trails of so called stimulus package and the mortgage help programs. This country is on its way to bankruptcy and much lower standards of living for future generations.

This proposal or some other proposal of this form will ultimately come to bailout/reward fiscal irresponsibility. This will increase deficits, kill dollar and help commodities and hard assets (gold anyone?). When these bad loans will start blowing up on govt on massive levels (trillions of dollars), our foreign borrowers will disappear and stop financing us. Then we will see double digit interest rates and much higher taxes for ALL. Unfortunately, we all will have to pay for the excesses of the few.

[qcomer]

This was expected following the trails of so called stimulus package and the mortgage help programs. This country is on its way to bankruptcy and much lower standards of living for future generations.

This proposal or some other proposal of this form will ultimately come to bailout/reward fiscal irresponsibility. This will increase deficits, kill dollar and help commodities and hard assets (gold anyone?). When these bad loans will start blowing up on govt on massive levels (trillions of dollars), our foreign borrowers will disappear and stop financing us. Then we will see double digit interest rates and much higher taxes for ALL. Unfortunately, we all will have to pay for the excesses of the few.

[qcomer]

This was expected following the trails of so called stimulus package and the mortgage help programs. This country is on its way to bankruptcy and much lower standards of living for future generations.

This proposal or some other proposal of this form will ultimately come to bailout/reward fiscal irresponsibility. This will increase deficits, kill dollar and help commodities and hard assets (gold anyone?). When these bad loans will start blowing up on govt on massive levels (trillions of dollars), our foreign borrowers will disappear and stop financing us. Then we will see double digit interest rates and much higher taxes for ALL. Unfortunately, we all will have to pay for the excesses of the few.

[qcomer]

This was expected following the trails of so called stimulus package and the mortgage help programs. This country is on its way to bankruptcy and much lower standards of living for future generations.

This proposal or some other proposal of this form will ultimately come to bailout/reward fiscal irresponsibility. This will increase deficits, kill dollar and help commodities and hard assets (gold anyone?). When these bad loans will start blowing up on govt on massive levels (trillions of dollars), our foreign borrowers will disappear and stop financing us. Then we will see double digit interest rates and much higher taxes for ALL. Unfortunately, we all will have to pay for the excesses of the few.

[qcomer]

Your $2000 calculation is off by the fact that you can get close to 5% return on your downpayment of 80K which is $300 monthly. Also add atleast 0.5% for maintenance per year or $120 per month. Your total for owning this place is above $2500 and the home is not going to appreciate from current value in next 5 years.

DON’T BUY.

[qcomer]

Your $2000 calculation is off by the fact that you can get close to 5% return on your downpayment of 80K which is $300 monthly. Also add atleast 0.5% for maintenance per year or $120 per month. Your total for owning this place is above $2500 and the home is not going to appreciate from current value in next 5 years.

DON’T BUY.

[qcomer]

Your $2000 calculation is off by the fact that you can get close to 5% return on your downpayment of 80K which is $300 monthly. Also add atleast 0.5% for maintenance per year or $120 per month. Your total for owning this place is above $2500 and the home is not going to appreciate from current value in next 5 years.

DON’T BUY.

[qcomer]

Your $2000 calculation is off by the fact that you can get close to 5% return on your downpayment of 80K which is $300 monthly. Also add atleast 0.5% for maintenance per year or $120 per month. Your total for owning this place is above $2500 and the home is not going to appreciate from current value in next 5 years.

DON’T BUY.

[qcomer]

Your $2000 calculation is off by the fact that you can get close to 5% return on your downpayment of 80K which is $300 monthly. Also add atleast 0.5% for maintenance per year or $120 per month. Your total for owning this place is above $2500 and the home is not going to appreciate from current value in next 5 years.

DON’T BUY.

[qcomer]

And we got the technical bounce today that we were waiting for. Not surprisingly, every thing moved upward including stocks, commodities, oil, gold, etc but yen moved downward. Dead cat bounce or end of correction? We will see tomorrow.

[qcomer]

GLD/SLV fell by 3-5% today despite dollar weakening. It shows that with all the ETFs trading gold, there is speculative element in gold as well. With traders and hedge funds looking for all possible ways to make money in all asset classes, gold is not immune to speculators pushing its price artificially high or low.

[qcomer]

I can only laugh when I look at so called educated dems/reubs wasting their time over this so called ‘news’. There is an immediate reflex action by the repubs to “intend to believe” the story without really asking for the other side of the story or Gore to explain himself. The dems on the other hand are bent on defending Gore as if he is not fallible or cannot make a mistake? More so they accuse repubs of not checking facts but assume everything contained in Gore’s response is pure truth.

Let’s face it, both of you repubs and dems are biased, egoistic bunch and deep down the real motive behind all these stupid blogs and posts is to feed your biases and egos. You are both intolerant and cannot wait to miss an opportunity to rub others noses in any story you can find. Both of you twist facts to serve your political stances. I am sick and tired of seeing adults fighting like kids.

[qcomer]

I agree with PerryChase that poor Americans are much more well off than poor people from other countries. It is the American way of taking basic necessities of life, for granted and stretching yourself beyond means for needless pleasures.

[Author]

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