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March 21, 2008 at 11:45 AM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174276March 21, 2008 at 11:45 AM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174622
SHILOH
Participant“And you cheap paradise is only just down the freeway…”
It’s not exactly paradise when — as soon as you drive back over the border you are saying “thank God I am a U.S. Citizen and that I made it back safely.”March 21, 2008 at 11:45 AM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174628Participant“And you cheap paradise is only just down the freeway…”
It’s not exactly paradise when — as soon as you drive back over the border you are saying “thank God I am a U.S. Citizen and that I made it back safely.”March 21, 2008 at 11:45 AM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174638Participant“And you cheap paradise is only just down the freeway…”
It’s not exactly paradise when — as soon as you drive back over the border you are saying “thank God I am a U.S. Citizen and that I made it back safely.”March 21, 2008 at 11:45 AM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174724Participant“And you cheap paradise is only just down the freeway…”
It’s not exactly paradise when — as soon as you drive back over the border you are saying “thank God I am a U.S. Citizen and that I made it back safely.”Participant“..You can rest assured that there will be a bunch of new regulations concerning buyer qualification, appraisals, etc. that will prevent this foolishness from happening again…” (EX-SD)
I can only hope.
If the dollar is being dumped and not accepted overseas — all I can think is Americans have really lost sight. Squandered our position as the richest nation. So much waste and consumption.
I feel very sad for the WW2 generation and disgusted with the boomers (greed) and even more disgusted w/ the thirty to twenty-something (entitlement) life-styles of the rich and famous group. I am basing this sour opinion on what I have observed and read. I am right in the midst of it but I don’t ascribe to it. Unfortunately for me, prudence may not pay off when the the regs become tighter.
But one thing is clear, capitalism (aka free market) requires A LOT of regulation since people cannot be counted on to act responsibly or do the right thing.
Participant“..You can rest assured that there will be a bunch of new regulations concerning buyer qualification, appraisals, etc. that will prevent this foolishness from happening again…” (EX-SD)
I can only hope.
If the dollar is being dumped and not accepted overseas — all I can think is Americans have really lost sight. Squandered our position as the richest nation. So much waste and consumption.
I feel very sad for the WW2 generation and disgusted with the boomers (greed) and even more disgusted w/ the thirty to twenty-something (entitlement) life-styles of the rich and famous group. I am basing this sour opinion on what I have observed and read. I am right in the midst of it but I don’t ascribe to it. Unfortunately for me, prudence may not pay off when the the regs become tighter.
But one thing is clear, capitalism (aka free market) requires A LOT of regulation since people cannot be counted on to act responsibly or do the right thing.
Participant“..You can rest assured that there will be a bunch of new regulations concerning buyer qualification, appraisals, etc. that will prevent this foolishness from happening again…” (EX-SD)
I can only hope.
If the dollar is being dumped and not accepted overseas — all I can think is Americans have really lost sight. Squandered our position as the richest nation. So much waste and consumption.
I feel very sad for the WW2 generation and disgusted with the boomers (greed) and even more disgusted w/ the thirty to twenty-something (entitlement) life-styles of the rich and famous group. I am basing this sour opinion on what I have observed and read. I am right in the midst of it but I don’t ascribe to it. Unfortunately for me, prudence may not pay off when the the regs become tighter.
But one thing is clear, capitalism (aka free market) requires A LOT of regulation since people cannot be counted on to act responsibly or do the right thing.
Participant“..You can rest assured that there will be a bunch of new regulations concerning buyer qualification, appraisals, etc. that will prevent this foolishness from happening again…” (EX-SD)
I can only hope.
If the dollar is being dumped and not accepted overseas — all I can think is Americans have really lost sight. Squandered our position as the richest nation. So much waste and consumption.
I feel very sad for the WW2 generation and disgusted with the boomers (greed) and even more disgusted w/ the thirty to twenty-something (entitlement) life-styles of the rich and famous group. I am basing this sour opinion on what I have observed and read. I am right in the midst of it but I don’t ascribe to it. Unfortunately for me, prudence may not pay off when the the regs become tighter.
But one thing is clear, capitalism (aka free market) requires A LOT of regulation since people cannot be counted on to act responsibly or do the right thing.
Participant“..You can rest assured that there will be a bunch of new regulations concerning buyer qualification, appraisals, etc. that will prevent this foolishness from happening again…” (EX-SD)
I can only hope.
If the dollar is being dumped and not accepted overseas — all I can think is Americans have really lost sight. Squandered our position as the richest nation. So much waste and consumption.
I feel very sad for the WW2 generation and disgusted with the boomers (greed) and even more disgusted w/ the thirty to twenty-something (entitlement) life-styles of the rich and famous group. I am basing this sour opinion on what I have observed and read. I am right in the midst of it but I don’t ascribe to it. Unfortunately for me, prudence may not pay off when the the regs become tighter.
But one thing is clear, capitalism (aka free market) requires A LOT of regulation since people cannot be counted on to act responsibly or do the right thing.
ParticipantTHere are a lot of overbuilt areas (too much inventory), loss of jobs, tightening credit. Unless it’s one single home in a superb location that everyone wants…I can’t understand how there would be a bidding war –just because 30 year fixed rates are attractive.
WIth the current “implosion” of the financial industry I am wondering what will happen in the coming waves of reset.
It seems the only direction prices can go is down. It took Japan about 16 years to recover from their bubble.ParticipantTHere are a lot of overbuilt areas (too much inventory), loss of jobs, tightening credit. Unless it’s one single home in a superb location that everyone wants…I can’t understand how there would be a bidding war –just because 30 year fixed rates are attractive.
WIth the current “implosion” of the financial industry I am wondering what will happen in the coming waves of reset.
It seems the only direction prices can go is down. It took Japan about 16 years to recover from their bubble.ParticipantTHere are a lot of overbuilt areas (too much inventory), loss of jobs, tightening credit. Unless it’s one single home in a superb location that everyone wants…I can’t understand how there would be a bidding war –just because 30 year fixed rates are attractive.
WIth the current “implosion” of the financial industry I am wondering what will happen in the coming waves of reset.
It seems the only direction prices can go is down. It took Japan about 16 years to recover from their bubble.ParticipantTHere are a lot of overbuilt areas (too much inventory), loss of jobs, tightening credit. Unless it’s one single home in a superb location that everyone wants…I can’t understand how there would be a bidding war –just because 30 year fixed rates are attractive.
WIth the current “implosion” of the financial industry I am wondering what will happen in the coming waves of reset.
It seems the only direction prices can go is down. It took Japan about 16 years to recover from their bubble.ParticipantTHere are a lot of overbuilt areas (too much inventory), loss of jobs, tightening credit. Unless it’s one single home in a superb location that everyone wants…I can’t understand how there would be a bidding war –just because 30 year fixed rates are attractive.
WIth the current “implosion” of the financial industry I am wondering what will happen in the coming waves of reset.
It seems the only direction prices can go is down. It took Japan about 16 years to recover from their bubble. -
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