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May 23, 2008 at 11:47 PM in reply to: Does high price of oil and commodities change the dynamics of housing market ? #210921May 23, 2008 at 11:47 PM in reply to: Does high price of oil and commodities change the dynamics of housing market ? #210989
TheBreeze
ParticipantIt’s definitely going to have an affect on the marginal buyer. Not only is the marginal buyer going to look to move closer to work, but they will also likely look to buy smaller places because they want want to pay to heat and cool a McMansion.
Just two years ago, I never thought about the price of gas. Now, I’m wondering if my gas-powered car will become a relic in a few years because gas won’t be available at any price.
May 23, 2008 at 11:47 PM in reply to: Does high price of oil and commodities change the dynamics of housing market ? #211017ParticipantIt’s definitely going to have an affect on the marginal buyer. Not only is the marginal buyer going to look to move closer to work, but they will also likely look to buy smaller places because they want want to pay to heat and cool a McMansion.
Just two years ago, I never thought about the price of gas. Now, I’m wondering if my gas-powered car will become a relic in a few years because gas won’t be available at any price.
May 23, 2008 at 11:47 PM in reply to: Does high price of oil and commodities change the dynamics of housing market ? #211038ParticipantIt’s definitely going to have an affect on the marginal buyer. Not only is the marginal buyer going to look to move closer to work, but they will also likely look to buy smaller places because they want want to pay to heat and cool a McMansion.
Just two years ago, I never thought about the price of gas. Now, I’m wondering if my gas-powered car will become a relic in a few years because gas won’t be available at any price.
May 23, 2008 at 11:47 PM in reply to: Does high price of oil and commodities change the dynamics of housing market ? #211074ParticipantIt’s definitely going to have an affect on the marginal buyer. Not only is the marginal buyer going to look to move closer to work, but they will also likely look to buy smaller places because they want want to pay to heat and cool a McMansion.
Just two years ago, I never thought about the price of gas. Now, I’m wondering if my gas-powered car will become a relic in a few years because gas won’t be available at any price.
May 11, 2008 at 9:15 AM in reply to: In mortgage market, ‘walkaway’ homeowners may be urban myth #202358ParticipantI’m thinking this is because of the new bankruptcy laws that make it more difficult for CC debt to be forgiven more so than mortgages. Change the mortgage rules and relax the CC bankruptcy rules, and you’ll have the opposite problem.
I kinda doubt that’s the reason. This would require a level of knowledge of bankruptcy laws which most people don’t have.
More likely, homeowners who didn’t put anything down don’t really care if they lose their house or not. I bet people who put 20% down aren’t so nonchalant about losing their home.
May 11, 2008 at 9:15 AM in reply to: In mortgage market, ‘walkaway’ homeowners may be urban myth #202405ParticipantI’m thinking this is because of the new bankruptcy laws that make it more difficult for CC debt to be forgiven more so than mortgages. Change the mortgage rules and relax the CC bankruptcy rules, and you’ll have the opposite problem.
I kinda doubt that’s the reason. This would require a level of knowledge of bankruptcy laws which most people don’t have.
More likely, homeowners who didn’t put anything down don’t really care if they lose their house or not. I bet people who put 20% down aren’t so nonchalant about losing their home.
May 11, 2008 at 9:15 AM in reply to: In mortgage market, ‘walkaway’ homeowners may be urban myth #202430ParticipantI’m thinking this is because of the new bankruptcy laws that make it more difficult for CC debt to be forgiven more so than mortgages. Change the mortgage rules and relax the CC bankruptcy rules, and you’ll have the opposite problem.
I kinda doubt that’s the reason. This would require a level of knowledge of bankruptcy laws which most people don’t have.
More likely, homeowners who didn’t put anything down don’t really care if they lose their house or not. I bet people who put 20% down aren’t so nonchalant about losing their home.
May 11, 2008 at 9:15 AM in reply to: In mortgage market, ‘walkaway’ homeowners may be urban myth #202457ParticipantI’m thinking this is because of the new bankruptcy laws that make it more difficult for CC debt to be forgiven more so than mortgages. Change the mortgage rules and relax the CC bankruptcy rules, and you’ll have the opposite problem.
I kinda doubt that’s the reason. This would require a level of knowledge of bankruptcy laws which most people don’t have.
More likely, homeowners who didn’t put anything down don’t really care if they lose their house or not. I bet people who put 20% down aren’t so nonchalant about losing their home.
May 11, 2008 at 9:15 AM in reply to: In mortgage market, ‘walkaway’ homeowners may be urban myth #202491ParticipantI’m thinking this is because of the new bankruptcy laws that make it more difficult for CC debt to be forgiven more so than mortgages. Change the mortgage rules and relax the CC bankruptcy rules, and you’ll have the opposite problem.
I kinda doubt that’s the reason. This would require a level of knowledge of bankruptcy laws which most people don’t have.
More likely, homeowners who didn’t put anything down don’t really care if they lose their house or not. I bet people who put 20% down aren’t so nonchalant about losing their home.
ParticipantNo, it’s what I said to your mom last night. Pwnd.
ParticipantNo, it’s what I said to your mom last night. Pwnd.
ParticipantNo, it’s what I said to your mom last night. Pwnd.
ParticipantNo, it’s what I said to your mom last night. Pwnd.
ParticipantNo, it’s what I said to your mom last night. Pwnd.
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