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February 10, 2008 at 7:19 PM in reply to: How come no talk of the 2nd wave of mortgage resets (ie. option ARMs) in 2009-2012?!? #151432February 10, 2008 at 7:19 PM in reply to: How come no talk of the 2nd wave of mortgage resets (ie. option ARMs) in 2009-2012?!? #151439
SD Realtor
ParticipantWell put patientrenter, very well put.
SD Realtor
February 10, 2008 at 7:19 PM in reply to: How come no talk of the 2nd wave of mortgage resets (ie. option ARMs) in 2009-2012?!? #151457SD Realtor
ParticipantWell put patientrenter, very well put.
SD Realtor
February 10, 2008 at 7:19 PM in reply to: How come no talk of the 2nd wave of mortgage resets (ie. option ARMs) in 2009-2012?!? #151530SD Realtor
ParticipantWell put patientrenter, very well put.
SD Realtor
February 10, 2008 at 5:53 PM in reply to: How come no talk of the 2nd wave of mortgage resets (ie. option ARMs) in 2009-2012?!? #151125SD Realtor
ParticipantJosh one liners are pretty easy to write.
So I take it that your contention is that the market will correct itself unencumbered? That there will be no measures taken by our government at all? That this stimulus package will be it? Poof that is all she wrote?
You have to come with something better then that. Agreed there is a fine line to walk… that the feds cannot bite those hands that support our unsustainable debt….however I would be quite willing to wager a steak at Donovans that this is not the last of the life preservers that the government will throw to FBs.
Don’t get me wrong, I am not saying this will save things or turn the market around. All this will do is to prolong the agony, cost more money to the taxpayers, and piss off investors aka those who support our debt.
Again, you have to look beyond a foreclosure. That is short sighted. You need to look at who will go belly up if we resurrect the old RTC and let all these obligations die of natural causes. Just who do you suppose has investments in these vehicles? Perhaps, county and state governments? Perhaps many many pensions? 401ks? unions? The list goes on and on. This isn’t the S&L debacle where a couple hundred banks go under and everyone is okay. This cancer is pretty much spread through the entire lymphatic system and I am more and more beginning to think that our government may not be entirely sure that they could handle a systemic purge of the system by natural causes. I think they want to at least throttle that purge back by any means they can.
SD Realtor
February 10, 2008 at 5:53 PM in reply to: How come no talk of the 2nd wave of mortgage resets (ie. option ARMs) in 2009-2012?!? #151386SD Realtor
ParticipantJosh one liners are pretty easy to write.
So I take it that your contention is that the market will correct itself unencumbered? That there will be no measures taken by our government at all? That this stimulus package will be it? Poof that is all she wrote?
You have to come with something better then that. Agreed there is a fine line to walk… that the feds cannot bite those hands that support our unsustainable debt….however I would be quite willing to wager a steak at Donovans that this is not the last of the life preservers that the government will throw to FBs.
Don’t get me wrong, I am not saying this will save things or turn the market around. All this will do is to prolong the agony, cost more money to the taxpayers, and piss off investors aka those who support our debt.
Again, you have to look beyond a foreclosure. That is short sighted. You need to look at who will go belly up if we resurrect the old RTC and let all these obligations die of natural causes. Just who do you suppose has investments in these vehicles? Perhaps, county and state governments? Perhaps many many pensions? 401ks? unions? The list goes on and on. This isn’t the S&L debacle where a couple hundred banks go under and everyone is okay. This cancer is pretty much spread through the entire lymphatic system and I am more and more beginning to think that our government may not be entirely sure that they could handle a systemic purge of the system by natural causes. I think they want to at least throttle that purge back by any means they can.
SD Realtor
February 10, 2008 at 5:53 PM in reply to: How come no talk of the 2nd wave of mortgage resets (ie. option ARMs) in 2009-2012?!? #151395SD Realtor
ParticipantJosh one liners are pretty easy to write.
So I take it that your contention is that the market will correct itself unencumbered? That there will be no measures taken by our government at all? That this stimulus package will be it? Poof that is all she wrote?
You have to come with something better then that. Agreed there is a fine line to walk… that the feds cannot bite those hands that support our unsustainable debt….however I would be quite willing to wager a steak at Donovans that this is not the last of the life preservers that the government will throw to FBs.
Don’t get me wrong, I am not saying this will save things or turn the market around. All this will do is to prolong the agony, cost more money to the taxpayers, and piss off investors aka those who support our debt.
Again, you have to look beyond a foreclosure. That is short sighted. You need to look at who will go belly up if we resurrect the old RTC and let all these obligations die of natural causes. Just who do you suppose has investments in these vehicles? Perhaps, county and state governments? Perhaps many many pensions? 401ks? unions? The list goes on and on. This isn’t the S&L debacle where a couple hundred banks go under and everyone is okay. This cancer is pretty much spread through the entire lymphatic system and I am more and more beginning to think that our government may not be entirely sure that they could handle a systemic purge of the system by natural causes. I think they want to at least throttle that purge back by any means they can.
SD Realtor
February 10, 2008 at 5:53 PM in reply to: How come no talk of the 2nd wave of mortgage resets (ie. option ARMs) in 2009-2012?!? #151412SD Realtor
ParticipantJosh one liners are pretty easy to write.
So I take it that your contention is that the market will correct itself unencumbered? That there will be no measures taken by our government at all? That this stimulus package will be it? Poof that is all she wrote?
You have to come with something better then that. Agreed there is a fine line to walk… that the feds cannot bite those hands that support our unsustainable debt….however I would be quite willing to wager a steak at Donovans that this is not the last of the life preservers that the government will throw to FBs.
Don’t get me wrong, I am not saying this will save things or turn the market around. All this will do is to prolong the agony, cost more money to the taxpayers, and piss off investors aka those who support our debt.
Again, you have to look beyond a foreclosure. That is short sighted. You need to look at who will go belly up if we resurrect the old RTC and let all these obligations die of natural causes. Just who do you suppose has investments in these vehicles? Perhaps, county and state governments? Perhaps many many pensions? 401ks? unions? The list goes on and on. This isn’t the S&L debacle where a couple hundred banks go under and everyone is okay. This cancer is pretty much spread through the entire lymphatic system and I am more and more beginning to think that our government may not be entirely sure that they could handle a systemic purge of the system by natural causes. I think they want to at least throttle that purge back by any means they can.
SD Realtor
February 10, 2008 at 5:53 PM in reply to: How come no talk of the 2nd wave of mortgage resets (ie. option ARMs) in 2009-2012?!? #151485SD Realtor
ParticipantJosh one liners are pretty easy to write.
So I take it that your contention is that the market will correct itself unencumbered? That there will be no measures taken by our government at all? That this stimulus package will be it? Poof that is all she wrote?
You have to come with something better then that. Agreed there is a fine line to walk… that the feds cannot bite those hands that support our unsustainable debt….however I would be quite willing to wager a steak at Donovans that this is not the last of the life preservers that the government will throw to FBs.
Don’t get me wrong, I am not saying this will save things or turn the market around. All this will do is to prolong the agony, cost more money to the taxpayers, and piss off investors aka those who support our debt.
Again, you have to look beyond a foreclosure. That is short sighted. You need to look at who will go belly up if we resurrect the old RTC and let all these obligations die of natural causes. Just who do you suppose has investments in these vehicles? Perhaps, county and state governments? Perhaps many many pensions? 401ks? unions? The list goes on and on. This isn’t the S&L debacle where a couple hundred banks go under and everyone is okay. This cancer is pretty much spread through the entire lymphatic system and I am more and more beginning to think that our government may not be entirely sure that they could handle a systemic purge of the system by natural causes. I think they want to at least throttle that purge back by any means they can.
SD Realtor
February 10, 2008 at 2:56 PM in reply to: How come no talk of the 2nd wave of mortgage resets (ie. option ARMs) in 2009-2012?!? #150935SD Realtor
ParticipantOh believe me… I agree with the data you are presenting Breeze.
So do you really think when Hillary is prez that she will let all those people negaming to go down with the ship?
Do you really think so?
It just seems there is and has been a grave miscalculation by many as to how much of a fight the industry and politicians will muster up to keep the consumer buying.
Do you guys really think this stimulus package is the last salvo?
I look at it as more or less the first shot across the bow.
Oh yeah it will get uglier all right. I absolutely agree with that point. If you really think our government has the cajones to let the market correct itself in the way that it should, then I would say I we agree to disagree.
SD Realtor
February 10, 2008 at 2:56 PM in reply to: How come no talk of the 2nd wave of mortgage resets (ie. option ARMs) in 2009-2012?!? #151197SD Realtor
ParticipantOh believe me… I agree with the data you are presenting Breeze.
So do you really think when Hillary is prez that she will let all those people negaming to go down with the ship?
Do you really think so?
It just seems there is and has been a grave miscalculation by many as to how much of a fight the industry and politicians will muster up to keep the consumer buying.
Do you guys really think this stimulus package is the last salvo?
I look at it as more or less the first shot across the bow.
Oh yeah it will get uglier all right. I absolutely agree with that point. If you really think our government has the cajones to let the market correct itself in the way that it should, then I would say I we agree to disagree.
SD Realtor
February 10, 2008 at 2:56 PM in reply to: How come no talk of the 2nd wave of mortgage resets (ie. option ARMs) in 2009-2012?!? #151203SD Realtor
ParticipantOh believe me… I agree with the data you are presenting Breeze.
So do you really think when Hillary is prez that she will let all those people negaming to go down with the ship?
Do you really think so?
It just seems there is and has been a grave miscalculation by many as to how much of a fight the industry and politicians will muster up to keep the consumer buying.
Do you guys really think this stimulus package is the last salvo?
I look at it as more or less the first shot across the bow.
Oh yeah it will get uglier all right. I absolutely agree with that point. If you really think our government has the cajones to let the market correct itself in the way that it should, then I would say I we agree to disagree.
SD Realtor
February 10, 2008 at 2:56 PM in reply to: How come no talk of the 2nd wave of mortgage resets (ie. option ARMs) in 2009-2012?!? #151221SD Realtor
ParticipantOh believe me… I agree with the data you are presenting Breeze.
So do you really think when Hillary is prez that she will let all those people negaming to go down with the ship?
Do you really think so?
It just seems there is and has been a grave miscalculation by many as to how much of a fight the industry and politicians will muster up to keep the consumer buying.
Do you guys really think this stimulus package is the last salvo?
I look at it as more or less the first shot across the bow.
Oh yeah it will get uglier all right. I absolutely agree with that point. If you really think our government has the cajones to let the market correct itself in the way that it should, then I would say I we agree to disagree.
SD Realtor
February 10, 2008 at 2:56 PM in reply to: How come no talk of the 2nd wave of mortgage resets (ie. option ARMs) in 2009-2012?!? #151293SD Realtor
ParticipantOh believe me… I agree with the data you are presenting Breeze.
So do you really think when Hillary is prez that she will let all those people negaming to go down with the ship?
Do you really think so?
It just seems there is and has been a grave miscalculation by many as to how much of a fight the industry and politicians will muster up to keep the consumer buying.
Do you guys really think this stimulus package is the last salvo?
I look at it as more or less the first shot across the bow.
Oh yeah it will get uglier all right. I absolutely agree with that point. If you really think our government has the cajones to let the market correct itself in the way that it should, then I would say I we agree to disagree.
SD Realtor
SD Realtor
ParticipantMake no mistakes about it, there will be more sales activity due to this stimulus whether we are talking FHA or the conforming limits. To be sure, to me this simply represents a further burden to the taxpayers…. it is just delaying the inevitable….we will pay though, it doesn’t matter how prudent we are.
SD Realtor
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