[Running Bear]

Gents,

I believe trying to determine the effects of interest rates, tighter lending standards, etc on home prices becomes very easy when you just look at monthly payment. People buy based on monthly payment and whether they can afford that payment.

During the boom we saw more and more creative lending to keep the monthly payment disproportionately low in relation to the purchase price. Toward the end we saw negative am loans take this to the absolute limit. I remember when I heard that neg am loans were being advertised that the top was very near. The housing downturn is going to be much longer then most people expect and will remain low for a long time. Think in terms of an L shaped recovery vice a V shaped one.

My2Cents

[Running Bear]

Gents,

I believe trying to determine the effects of interest rates, tighter lending standards, etc on home prices becomes very easy when you just look at monthly payment. People buy based on monthly payment and whether they can afford that payment.

During the boom we saw more and more creative lending to keep the monthly payment disproportionately low in relation to the purchase price. Toward the end we saw negative am loans take this to the absolute limit. I remember when I heard that neg am loans were being advertised that the top was very near. The housing downturn is going to be much longer then most people expect and will remain low for a long time. Think in terms of an L shaped recovery vice a V shaped one.

My2Cents

[Running Bear]

Gents,

I believe trying to determine the effects of interest rates, tighter lending standards, etc on home prices becomes very easy when you just look at monthly payment. People buy based on monthly payment and whether they can afford that payment.

During the boom we saw more and more creative lending to keep the monthly payment disproportionately low in relation to the purchase price. Toward the end we saw negative am loans take this to the absolute limit. I remember when I heard that neg am loans were being advertised that the top was very near. The housing downturn is going to be much longer then most people expect and will remain low for a long time. Think in terms of an L shaped recovery vice a V shaped one.

My2Cents

[Running Bear]

Gents,

I believe trying to determine the effects of interest rates, tighter lending standards, etc on home prices becomes very easy when you just look at monthly payment. People buy based on monthly payment and whether they can afford that payment.

During the boom we saw more and more creative lending to keep the monthly payment disproportionately low in relation to the purchase price. Toward the end we saw negative am loans take this to the absolute limit. I remember when I heard that neg am loans were being advertised that the top was very near. The housing downturn is going to be much longer then most people expect and will remain low for a long time. Think in terms of an L shaped recovery vice a V shaped one.

My2Cents

[Running Bear]

Gents,

I believe trying to determine the effects of interest rates, tighter lending standards, etc on home prices becomes very easy when you just look at monthly payment. People buy based on monthly payment and whether they can afford that payment.

During the boom we saw more and more creative lending to keep the monthly payment disproportionately low in relation to the purchase price. Toward the end we saw negative am loans take this to the absolute limit. I remember when I heard that neg am loans were being advertised that the top was very near. The housing downturn is going to be much longer then most people expect and will remain low for a long time. Think in terms of an L shaped recovery vice a V shaped one.

My2Cents

[Running Bear]

I have been doing a little reading on the Australian housing market. I haven’t been focusing on Sydney but Brisbane. I would not buy a house right now. From what I can tell, they are getting close to a peak in a very sharp rise in home prices and this credit crunch will help them start to move down. I can’t find the link now but I watched a video of an Aussie talking about a coming 30% correction in the housing market. Be patient for at least a year and see how it shakes out.

If the currency starts to move up you can always move some money into Aussie dollars to lock in the recent big drop.

My2Cents

[Running Bear]

I have been doing a little reading on the Australian housing market. I haven’t been focusing on Sydney but Brisbane. I would not buy a house right now. From what I can tell, they are getting close to a peak in a very sharp rise in home prices and this credit crunch will help them start to move down. I can’t find the link now but I watched a video of an Aussie talking about a coming 30% correction in the housing market. Be patient for at least a year and see how it shakes out.

If the currency starts to move up you can always move some money into Aussie dollars to lock in the recent big drop.

My2Cents

[Running Bear]

I have been doing a little reading on the Australian housing market. I haven’t been focusing on Sydney but Brisbane. I would not buy a house right now. From what I can tell, they are getting close to a peak in a very sharp rise in home prices and this credit crunch will help them start to move down. I can’t find the link now but I watched a video of an Aussie talking about a coming 30% correction in the housing market. Be patient for at least a year and see how it shakes out.

If the currency starts to move up you can always move some money into Aussie dollars to lock in the recent big drop.

My2Cents

[Running Bear]

I have been doing a little reading on the Australian housing market. I haven’t been focusing on Sydney but Brisbane. I would not buy a house right now. From what I can tell, they are getting close to a peak in a very sharp rise in home prices and this credit crunch will help them start to move down. I can’t find the link now but I watched a video of an Aussie talking about a coming 30% correction in the housing market. Be patient for at least a year and see how it shakes out.

If the currency starts to move up you can always move some money into Aussie dollars to lock in the recent big drop.

My2Cents

[Running Bear]

I have been doing a little reading on the Australian housing market. I haven’t been focusing on Sydney but Brisbane. I would not buy a house right now. From what I can tell, they are getting close to a peak in a very sharp rise in home prices and this credit crunch will help them start to move down. I can’t find the link now but I watched a video of an Aussie talking about a coming 30% correction in the housing market. Be patient for at least a year and see how it shakes out.

If the currency starts to move up you can always move some money into Aussie dollars to lock in the recent big drop.

My2Cents

[Running Bear]

You guys aren’t thinking of the bigger picture. This is just the start of many coming bailouts.

Things that will likely be coming down the road:

-homeowner bailouts(my bad rescue plan)
-small/large business bailouts (my bad rescue plan)
-state/city bailouts (my bad rescue plan)

We will pretty much bailout anything that walks. We are now heading down the path that everything has to be saved in the name of the average American and their jobs, savings, or future.

The end result of all of this will be a destruction of the dollar and the US defaulting on its debt. This game will go on as long as foreign governments decide to buy our debt at cheap prices. Once that goes away, the game is up. The problem is we have no idea how long that will last.

The passage of this bill is truly a sad day in American history. I will vote against anyone who voted for this bill regardless of party. They have just mortgaged the financial future or our country and made us all debt slaves beholden to foreign masters.

[Running Bear]

You guys aren’t thinking of the bigger picture. This is just the start of many coming bailouts.

Things that will likely be coming down the road:

-homeowner bailouts(my bad rescue plan)
-small/large business bailouts (my bad rescue plan)
-state/city bailouts (my bad rescue plan)

We will pretty much bailout anything that walks. We are now heading down the path that everything has to be saved in the name of the average American and their jobs, savings, or future.

The end result of all of this will be a destruction of the dollar and the US defaulting on its debt. This game will go on as long as foreign governments decide to buy our debt at cheap prices. Once that goes away, the game is up. The problem is we have no idea how long that will last.

The passage of this bill is truly a sad day in American history. I will vote against anyone who voted for this bill regardless of party. They have just mortgaged the financial future or our country and made us all debt slaves beholden to foreign masters.

[Running Bear]

You guys aren’t thinking of the bigger picture. This is just the start of many coming bailouts.

Things that will likely be coming down the road:

-homeowner bailouts(my bad rescue plan)
-small/large business bailouts (my bad rescue plan)
-state/city bailouts (my bad rescue plan)

We will pretty much bailout anything that walks. We are now heading down the path that everything has to be saved in the name of the average American and their jobs, savings, or future.

The end result of all of this will be a destruction of the dollar and the US defaulting on its debt. This game will go on as long as foreign governments decide to buy our debt at cheap prices. Once that goes away, the game is up. The problem is we have no idea how long that will last.

The passage of this bill is truly a sad day in American history. I will vote against anyone who voted for this bill regardless of party. They have just mortgaged the financial future or our country and made us all debt slaves beholden to foreign masters.

[Running Bear]

You guys aren’t thinking of the bigger picture. This is just the start of many coming bailouts.

Things that will likely be coming down the road:

-homeowner bailouts(my bad rescue plan)
-small/large business bailouts (my bad rescue plan)
-state/city bailouts (my bad rescue plan)

We will pretty much bailout anything that walks. We are now heading down the path that everything has to be saved in the name of the average American and their jobs, savings, or future.

The end result of all of this will be a destruction of the dollar and the US defaulting on its debt. This game will go on as long as foreign governments decide to buy our debt at cheap prices. Once that goes away, the game is up. The problem is we have no idea how long that will last.

The passage of this bill is truly a sad day in American history. I will vote against anyone who voted for this bill regardless of party. They have just mortgaged the financial future or our country and made us all debt slaves beholden to foreign masters.

[Running Bear]

You guys aren’t thinking of the bigger picture. This is just the start of many coming bailouts.

Things that will likely be coming down the road:

-homeowner bailouts(my bad rescue plan)
-small/large business bailouts (my bad rescue plan)
-state/city bailouts (my bad rescue plan)

We will pretty much bailout anything that walks. We are now heading down the path that everything has to be saved in the name of the average American and their jobs, savings, or future.

The end result of all of this will be a destruction of the dollar and the US defaulting on its debt. This game will go on as long as foreign governments decide to buy our debt at cheap prices. Once that goes away, the game is up. The problem is we have no idea how long that will last.

The passage of this bill is truly a sad day in American history. I will vote against anyone who voted for this bill regardless of party. They have just mortgaged the financial future or our country and made us all debt slaves beholden to foreign masters.

[Author]

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