[Reality]

[quote=sdrealtor]However, I think of everyone you would support a program to give the benefits of all these radical gov’t interventions to people on the streets instad of to bailouts of big banks. That is what we are talking about here and what could actually help stimulate this economy.[/quote]

I would NOT “support a program to give the benefits of all these radical gov’t interventions to people on the streets instad of to bailouts of big banks” because I don’t buy into the premise that we should bail out either group.

If we want to “stimulate this economy”, fine. Let’s say the average homeowner gets his mortgage lowered by $300/month through a refinancing. Over 30 years that’s $108,000. As a renter I should receive the same but I’m not greedy and will settle for half that in cash, which I promise to help stimulate the economy like crazy with.

[Reality]

[quote=sdrealtor]However, I think of everyone you would support a program to give the benefits of all these radical gov’t interventions to people on the streets instad of to bailouts of big banks. That is what we are talking about here and what could actually help stimulate this economy.[/quote]

I would NOT “support a program to give the benefits of all these radical gov’t interventions to people on the streets instad of to bailouts of big banks” because I don’t buy into the premise that we should bail out either group.

If we want to “stimulate this economy”, fine. Let’s say the average homeowner gets his mortgage lowered by $300/month through a refinancing. Over 30 years that’s $108,000. As a renter I should receive the same but I’m not greedy and will settle for half that in cash, which I promise to help stimulate the economy like crazy with.

[Reality]

[quote=sdrealtor]However, I think of everyone you would support a program to give the benefits of all these radical gov’t interventions to people on the streets instad of to bailouts of big banks. That is what we are talking about here and what could actually help stimulate this economy.[/quote]

I would NOT “support a program to give the benefits of all these radical gov’t interventions to people on the streets instad of to bailouts of big banks” because I don’t buy into the premise that we should bail out either group.

If we want to “stimulate this economy”, fine. Let’s say the average homeowner gets his mortgage lowered by $300/month through a refinancing. Over 30 years that’s $108,000. As a renter I should receive the same but I’m not greedy and will settle for half that in cash, which I promise to help stimulate the economy like crazy with.

[Reality]

[quote=sdrealtor]PR
That program is already available to renters so no new program is needed. Its called buying a house at historically low interest rates when prices have dropped substantially from previous highs in nearly every market in the US.[/quote]

“dropped substantially from previous highs”

So. Prices are still artificially high with the low interest rates, and this is still a giveaway to those who bought at higher rates, when homes were priced factoring in those higher rates.

New buyers get nothing from this except probably less inventory to pick from.

[Reality]

[quote=sdrealtor]PR
That program is already available to renters so no new program is needed. Its called buying a house at historically low interest rates when prices have dropped substantially from previous highs in nearly every market in the US.[/quote]

“dropped substantially from previous highs”

So. Prices are still artificially high with the low interest rates, and this is still a giveaway to those who bought at higher rates, when homes were priced factoring in those higher rates.

New buyers get nothing from this except probably less inventory to pick from.

[Reality]

[quote=sdrealtor]PR
That program is already available to renters so no new program is needed. Its called buying a house at historically low interest rates when prices have dropped substantially from previous highs in nearly every market in the US.[/quote]

“dropped substantially from previous highs”

So. Prices are still artificially high with the low interest rates, and this is still a giveaway to those who bought at higher rates, when homes were priced factoring in those higher rates.

New buyers get nothing from this except probably less inventory to pick from.

[Reality]

[quote=sdrealtor]PR
That program is already available to renters so no new program is needed. Its called buying a house at historically low interest rates when prices have dropped substantially from previous highs in nearly every market in the US.[/quote]

“dropped substantially from previous highs”

So. Prices are still artificially high with the low interest rates, and this is still a giveaway to those who bought at higher rates, when homes were priced factoring in those higher rates.

New buyers get nothing from this except probably less inventory to pick from.

[Reality]

[quote=sdrealtor]PR
That program is already available to renters so no new program is needed. Its called buying a house at historically low interest rates when prices have dropped substantially from previous highs in nearly every market in the US.[/quote]

“dropped substantially from previous highs”

So. Prices are still artificially high with the low interest rates, and this is still a giveaway to those who bought at higher rates, when homes were priced factoring in those higher rates.

New buyers get nothing from this except probably less inventory to pick from.

[Reality]

[quote=SD Realtor] There are several leftovers who have missed the boat pricewise but still can enjoy cheap money.[/quote]

Missed what boat?

[Reality]

[quote=SD Realtor] There are several leftovers who have missed the boat pricewise but still can enjoy cheap money.[/quote]

Missed what boat?

[Reality]

[quote=SD Realtor] There are several leftovers who have missed the boat pricewise but still can enjoy cheap money.[/quote]

Missed what boat?

[Reality]

[quote=SD Realtor] There are several leftovers who have missed the boat pricewise but still can enjoy cheap money.[/quote]

Missed what boat?

[Reality]

[quote=SD Realtor] There are several leftovers who have missed the boat pricewise but still can enjoy cheap money.[/quote]

Missed what boat?

[Reality]

[quote=bluehairdave]

I bought in 2007 and I could sell my home for what we bought it for [/quote]

I don’t buy it. Unless you totally remodeled the home (seriously doubt the price has held up even then) or bought it in a non arm’s length transaction, I call BS.

[Reality]

[quote=bluehairdave]

I bought in 2007 and I could sell my home for what we bought it for [/quote]

I don’t buy it. Unless you totally remodeled the home (seriously doubt the price has held up even then) or bought it in a non arm’s length transaction, I call BS.

[Author]

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