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December 3, 2007 at 10:49 PM in reply to: I don’t think anyone expected this interest freeze bail out. #108518December 3, 2007 at 10:49 PM in reply to: I don’t think anyone expected this interest freeze bail out. #108622
SD Realtor
ParticipantKIBU it doesn’t matter if this rate freeze is in place or that bailout is in place or Hillary comes up with a magic plan or whatever…I have posted it before and will continue to do so…. I am not a conspiracy type but I will say that to much big money has to much invested to not do everything and anything to at the very least, delay the depreciation cycle. The more money that is at stake, the more of a full court press there will be to smooth the fall. If this was a simple real estate bubble then it would play out in a much more efficient manner. However because of the staggering amount of debt that has been collateralized, there will be a continued effort to try to keep this fall “in control” so to speak.
Will these measures stop the fall? No I doubt it. How much will they affect things? I don’t think a whole lot however as I am also a person looking to buy a home they concern me more then it seems they concern others. As a person who has been fiscally responsible and pays A LOT of money in taxes these measures totally piss me off.
So I guess we will see how they play out but expect to hear more proposals over the next few years.
SD Realtor
December 3, 2007 at 10:49 PM in reply to: I don’t think anyone expected this interest freeze bail out. #108655SD Realtor
ParticipantKIBU it doesn’t matter if this rate freeze is in place or that bailout is in place or Hillary comes up with a magic plan or whatever…I have posted it before and will continue to do so…. I am not a conspiracy type but I will say that to much big money has to much invested to not do everything and anything to at the very least, delay the depreciation cycle. The more money that is at stake, the more of a full court press there will be to smooth the fall. If this was a simple real estate bubble then it would play out in a much more efficient manner. However because of the staggering amount of debt that has been collateralized, there will be a continued effort to try to keep this fall “in control” so to speak.
Will these measures stop the fall? No I doubt it. How much will they affect things? I don’t think a whole lot however as I am also a person looking to buy a home they concern me more then it seems they concern others. As a person who has been fiscally responsible and pays A LOT of money in taxes these measures totally piss me off.
So I guess we will see how they play out but expect to hear more proposals over the next few years.
SD Realtor
December 3, 2007 at 10:49 PM in reply to: I don’t think anyone expected this interest freeze bail out. #108658SD Realtor
ParticipantKIBU it doesn’t matter if this rate freeze is in place or that bailout is in place or Hillary comes up with a magic plan or whatever…I have posted it before and will continue to do so…. I am not a conspiracy type but I will say that to much big money has to much invested to not do everything and anything to at the very least, delay the depreciation cycle. The more money that is at stake, the more of a full court press there will be to smooth the fall. If this was a simple real estate bubble then it would play out in a much more efficient manner. However because of the staggering amount of debt that has been collateralized, there will be a continued effort to try to keep this fall “in control” so to speak.
Will these measures stop the fall? No I doubt it. How much will they affect things? I don’t think a whole lot however as I am also a person looking to buy a home they concern me more then it seems they concern others. As a person who has been fiscally responsible and pays A LOT of money in taxes these measures totally piss me off.
So I guess we will see how they play out but expect to hear more proposals over the next few years.
SD Realtor
December 3, 2007 at 10:49 PM in reply to: I don’t think anyone expected this interest freeze bail out. #108676SD Realtor
ParticipantKIBU it doesn’t matter if this rate freeze is in place or that bailout is in place or Hillary comes up with a magic plan or whatever…I have posted it before and will continue to do so…. I am not a conspiracy type but I will say that to much big money has to much invested to not do everything and anything to at the very least, delay the depreciation cycle. The more money that is at stake, the more of a full court press there will be to smooth the fall. If this was a simple real estate bubble then it would play out in a much more efficient manner. However because of the staggering amount of debt that has been collateralized, there will be a continued effort to try to keep this fall “in control” so to speak.
Will these measures stop the fall? No I doubt it. How much will they affect things? I don’t think a whole lot however as I am also a person looking to buy a home they concern me more then it seems they concern others. As a person who has been fiscally responsible and pays A LOT of money in taxes these measures totally piss me off.
So I guess we will see how they play out but expect to hear more proposals over the next few years.
SD Realtor
SD Realtor
ParticipantThe only caviot I would raise is that it takes froma few days to many many weeks for lenders to respond to short sales right now. Thus there is a percentage of short sales with offers on them, but they are still listed as active because the file is sitting on some stressed our asset managers desk along with hundreds of other ones. Thus the realtor wants to collect as many offers as he/she can.
SD Realtor
SD Realtor
ParticipantThe only caviot I would raise is that it takes froma few days to many many weeks for lenders to respond to short sales right now. Thus there is a percentage of short sales with offers on them, but they are still listed as active because the file is sitting on some stressed our asset managers desk along with hundreds of other ones. Thus the realtor wants to collect as many offers as he/she can.
SD Realtor
SD Realtor
ParticipantThe only caviot I would raise is that it takes froma few days to many many weeks for lenders to respond to short sales right now. Thus there is a percentage of short sales with offers on them, but they are still listed as active because the file is sitting on some stressed our asset managers desk along with hundreds of other ones. Thus the realtor wants to collect as many offers as he/she can.
SD Realtor
SD Realtor
ParticipantThe only caviot I would raise is that it takes froma few days to many many weeks for lenders to respond to short sales right now. Thus there is a percentage of short sales with offers on them, but they are still listed as active because the file is sitting on some stressed our asset managers desk along with hundreds of other ones. Thus the realtor wants to collect as many offers as he/she can.
SD Realtor
SD Realtor
ParticipantThe only caviot I would raise is that it takes froma few days to many many weeks for lenders to respond to short sales right now. Thus there is a percentage of short sales with offers on them, but they are still listed as active because the file is sitting on some stressed our asset managers desk along with hundreds of other ones. Thus the realtor wants to collect as many offers as he/she can.
SD Realtor
SD Realtor
Participantuco good answers…
We will have to agree to disagree w/ respect to the lending institutions and wall street pleading ignorance during the bubble up period. Any public statements by G/S are meaningless to me. To much compliance through the entire spectrum of players from the originators to the ratings agencies to the brokerage houses.
However well thought posts on your part my friend.
SD Realtor
SD Realtor
Participantuco good answers…
We will have to agree to disagree w/ respect to the lending institutions and wall street pleading ignorance during the bubble up period. Any public statements by G/S are meaningless to me. To much compliance through the entire spectrum of players from the originators to the ratings agencies to the brokerage houses.
However well thought posts on your part my friend.
SD Realtor
SD Realtor
Participantuco good answers…
We will have to agree to disagree w/ respect to the lending institutions and wall street pleading ignorance during the bubble up period. Any public statements by G/S are meaningless to me. To much compliance through the entire spectrum of players from the originators to the ratings agencies to the brokerage houses.
However well thought posts on your part my friend.
SD Realtor
SD Realtor
Participantuco good answers…
We will have to agree to disagree w/ respect to the lending institutions and wall street pleading ignorance during the bubble up period. Any public statements by G/S are meaningless to me. To much compliance through the entire spectrum of players from the originators to the ratings agencies to the brokerage houses.
However well thought posts on your part my friend.
SD Realtor
SD Realtor
Participantuco good answers…
We will have to agree to disagree w/ respect to the lending institutions and wall street pleading ignorance during the bubble up period. Any public statements by G/S are meaningless to me. To much compliance through the entire spectrum of players from the originators to the ratings agencies to the brokerage houses.
However well thought posts on your part my friend.
SD Realtor
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