[The-Shoveler]

Maybe I got this wrong, but GSE’s have been foreclosing much much faster than the private lenders, (why not they get paid the diff by the Gov, no sense holding on. also maybe why they are opposed to this).

That is why the low end was hit so hard so fast.

I doubt there are any GSE loan owners living rent free for very long.

Also doubt this will impact coastal SD much.
But like I said, maybe I got it wrong.

[The-Shoveler]

Maybe I got this wrong, but GSE’s have been foreclosing much much faster than the private lenders, (why not they get paid the diff by the Gov, no sense holding on. also maybe why they are opposed to this).

That is why the low end was hit so hard so fast.

I doubt there are any GSE loan owners living rent free for very long.

Also doubt this will impact coastal SD much.
But like I said, maybe I got it wrong.

[The-Shoveler]

Maybe I got this wrong, but GSE’s have been foreclosing much much faster than the private lenders, (why not they get paid the diff by the Gov, no sense holding on. also maybe why they are opposed to this).

That is why the low end was hit so hard so fast.

I doubt there are any GSE loan owners living rent free for very long.

Also doubt this will impact coastal SD much.
But like I said, maybe I got it wrong.

[The-Shoveler]

Maybe I got this wrong, but GSE’s have been foreclosing much much faster than the private lenders, (why not they get paid the diff by the Gov, no sense holding on. also maybe why they are opposed to this).

That is why the low end was hit so hard so fast.

I doubt there are any GSE loan owners living rent free for very long.

Also doubt this will impact coastal SD much.
But like I said, maybe I got it wrong.

[The-Shoveler]

Maybe I got this wrong, but GSE’s have been foreclosing much much faster than the private lenders, (why not they get paid the diff by the Gov, no sense holding on. also maybe why they are opposed to this).

That is why the low end was hit so hard so fast.

I doubt there are any GSE loan owners living rent free for very long.

Also doubt this will impact coastal SD much.
But like I said, maybe I got it wrong.

[The-Shoveler]

I think sdr said it best,
This is about the country not SD.

In most of the rest of the country outside of coastal SoCal price is not the issue anymore,
“ CREDIT IS”
But I doubt this will have as big an effect as they are looking for anyway. It is more about the price you bought (regardless if you are underwater or not). Also a lot of owners just have a view that their home was worth so much at one point so that’s what they expect, it’s just the way people are. So they feel they have less so they need to save and well that’s it I guess. No one is moving much and that won’t change anytime soon.

[The-Shoveler]

I think sdr said it best,
This is about the country not SD.

In most of the rest of the country outside of coastal SoCal price is not the issue anymore,
“ CREDIT IS”
But I doubt this will have as big an effect as they are looking for anyway. It is more about the price you bought (regardless if you are underwater or not). Also a lot of owners just have a view that their home was worth so much at one point so that’s what they expect, it’s just the way people are. So they feel they have less so they need to save and well that’s it I guess. No one is moving much and that won’t change anytime soon.

[The-Shoveler]

I think sdr said it best,
This is about the country not SD.

In most of the rest of the country outside of coastal SoCal price is not the issue anymore,
“ CREDIT IS”
But I doubt this will have as big an effect as they are looking for anyway. It is more about the price you bought (regardless if you are underwater or not). Also a lot of owners just have a view that their home was worth so much at one point so that’s what they expect, it’s just the way people are. So they feel they have less so they need to save and well that’s it I guess. No one is moving much and that won’t change anytime soon.

[The-Shoveler]

I think sdr said it best,
This is about the country not SD.

In most of the rest of the country outside of coastal SoCal price is not the issue anymore,
“ CREDIT IS”
But I doubt this will have as big an effect as they are looking for anyway. It is more about the price you bought (regardless if you are underwater or not). Also a lot of owners just have a view that their home was worth so much at one point so that’s what they expect, it’s just the way people are. So they feel they have less so they need to save and well that’s it I guess. No one is moving much and that won’t change anytime soon.

[The-Shoveler]

I think sdr said it best,
This is about the country not SD.

In most of the rest of the country outside of coastal SoCal price is not the issue anymore,
“ CREDIT IS”
But I doubt this will have as big an effect as they are looking for anyway. It is more about the price you bought (regardless if you are underwater or not). Also a lot of owners just have a view that their home was worth so much at one point so that’s what they expect, it’s just the way people are. So they feel they have less so they need to save and well that’s it I guess. No one is moving much and that won’t change anytime soon.

[The-Shoveler]

[quote=CA renter][quote=curiousmind][quote=SK in CV] The GSE’s didn’t loosen their standards and get into the subprime market until late in 2006 By that time, the crash had already begun.[/quote]

HAHA![/quote]

SK is right.

The GSEs were actually shrinking their portfolios because of the accounting issues earlier in the decade. It wasn’t until everyone (in the right places) knew that the housing/credit market was going to collapse that the GSEs were told to expand their portfolios, buy up riskier securities, and increase loan limits.

Look it up.[/quote]

YES now this leads to my theory that they (TPTB) knew exactly what they were doing.
Not that I am saying there was a hidden deal with the treasury at the time that said,
Hey banks !! were in a little pickle here, and need a distraction badly, let anyone borrow as much as they want and we will make sure you are paid back,
I mean I did not say that or anything like that..

[The-Shoveler]

[quote=CA renter][quote=curiousmind][quote=SK in CV] The GSE’s didn’t loosen their standards and get into the subprime market until late in 2006 By that time, the crash had already begun.[/quote]

HAHA![/quote]

SK is right.

The GSEs were actually shrinking their portfolios because of the accounting issues earlier in the decade. It wasn’t until everyone (in the right places) knew that the housing/credit market was going to collapse that the GSEs were told to expand their portfolios, buy up riskier securities, and increase loan limits.

Look it up.[/quote]

YES now this leads to my theory that they (TPTB) knew exactly what they were doing.
Not that I am saying there was a hidden deal with the treasury at the time that said,
Hey banks !! were in a little pickle here, and need a distraction badly, let anyone borrow as much as they want and we will make sure you are paid back,
I mean I did not say that or anything like that..

[The-Shoveler]

[quote=CA renter][quote=curiousmind][quote=SK in CV] The GSE’s didn’t loosen their standards and get into the subprime market until late in 2006 By that time, the crash had already begun.[/quote]

HAHA![/quote]

SK is right.

The GSEs were actually shrinking their portfolios because of the accounting issues earlier in the decade. It wasn’t until everyone (in the right places) knew that the housing/credit market was going to collapse that the GSEs were told to expand their portfolios, buy up riskier securities, and increase loan limits.

Look it up.[/quote]

YES now this leads to my theory that they (TPTB) knew exactly what they were doing.
Not that I am saying there was a hidden deal with the treasury at the time that said,
Hey banks !! were in a little pickle here, and need a distraction badly, let anyone borrow as much as they want and we will make sure you are paid back,
I mean I did not say that or anything like that..

[The-Shoveler]

[quote=CA renter][quote=curiousmind][quote=SK in CV] The GSE’s didn’t loosen their standards and get into the subprime market until late in 2006 By that time, the crash had already begun.[/quote]

HAHA![/quote]

SK is right.

The GSEs were actually shrinking their portfolios because of the accounting issues earlier in the decade. It wasn’t until everyone (in the right places) knew that the housing/credit market was going to collapse that the GSEs were told to expand their portfolios, buy up riskier securities, and increase loan limits.

Look it up.[/quote]

YES now this leads to my theory that they (TPTB) knew exactly what they were doing.
Not that I am saying there was a hidden deal with the treasury at the time that said,
Hey banks !! were in a little pickle here, and need a distraction badly, let anyone borrow as much as they want and we will make sure you are paid back,
I mean I did not say that or anything like that..

[The-Shoveler]

[quote=CA renter][quote=curiousmind][quote=SK in CV] The GSE’s didn’t loosen their standards and get into the subprime market until late in 2006 By that time, the crash had already begun.[/quote]

HAHA![/quote]

SK is right.

The GSEs were actually shrinking their portfolios because of the accounting issues earlier in the decade. It wasn’t until everyone (in the right places) knew that the housing/credit market was going to collapse that the GSEs were told to expand their portfolios, buy up riskier securities, and increase loan limits.

Look it up.[/quote]

YES now this leads to my theory that they (TPTB) knew exactly what they were doing.
Not that I am saying there was a hidden deal with the treasury at the time that said,
Hey banks !! were in a little pickle here, and need a distraction badly, let anyone borrow as much as they want and we will make sure you are paid back,
I mean I did not say that or anything like that..

[Author]

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