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UCGal
Participant[quote=garysears]I guess I’m posting this because Could also be a candidate for worst picture on the MLS. Who takes a picture at night?
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I love the picture that shows the crap UNDER the bed… What were they thinking?
Participant[quote=garysears]I guess I’m posting this because Could also be a candidate for worst picture on the MLS. Who takes a picture at night?
[/quote]
I love the picture that shows the crap UNDER the bed… What were they thinking?
Participant[quote=patientrenter]I missed this show. (I don’t have a TV.) Did they cover the role of Congress and FNMA and FHA and Freddie…? The Congressmen who pushed banks and regulators to shovel more money at housing are riding higher than ever before, and are probably too powerful to be fully exposed.[/quote]
They talked about Fannie and Freddie – but also pointed out that the real escalation of all this came when mortgages were bundled on wall street as MBSs and CDOs. Subprime, alt-a, etc. (Vs the GSE mortgages). I got the impression that having wallstreet willing to buy every mortgage made to securitize it and sell it was more a factor than fanny and freddie.
But maybe I misunderstood.
Participant[quote=patientrenter]I missed this show. (I don’t have a TV.) Did they cover the role of Congress and FNMA and FHA and Freddie…? The Congressmen who pushed banks and regulators to shovel more money at housing are riding higher than ever before, and are probably too powerful to be fully exposed.[/quote]
They talked about Fannie and Freddie – but also pointed out that the real escalation of all this came when mortgages were bundled on wall street as MBSs and CDOs. Subprime, alt-a, etc. (Vs the GSE mortgages). I got the impression that having wallstreet willing to buy every mortgage made to securitize it and sell it was more a factor than fanny and freddie.
But maybe I misunderstood.
Participant[quote=patientrenter]I missed this show. (I don’t have a TV.) Did they cover the role of Congress and FNMA and FHA and Freddie…? The Congressmen who pushed banks and regulators to shovel more money at housing are riding higher than ever before, and are probably too powerful to be fully exposed.[/quote]
They talked about Fannie and Freddie – but also pointed out that the real escalation of all this came when mortgages were bundled on wall street as MBSs and CDOs. Subprime, alt-a, etc. (Vs the GSE mortgages). I got the impression that having wallstreet willing to buy every mortgage made to securitize it and sell it was more a factor than fanny and freddie.
But maybe I misunderstood.
Participant[quote=patientrenter]I missed this show. (I don’t have a TV.) Did they cover the role of Congress and FNMA and FHA and Freddie…? The Congressmen who pushed banks and regulators to shovel more money at housing are riding higher than ever before, and are probably too powerful to be fully exposed.[/quote]
They talked about Fannie and Freddie – but also pointed out that the real escalation of all this came when mortgages were bundled on wall street as MBSs and CDOs. Subprime, alt-a, etc. (Vs the GSE mortgages). I got the impression that having wallstreet willing to buy every mortgage made to securitize it and sell it was more a factor than fanny and freddie.
But maybe I misunderstood.
Participant[quote=patientrenter]I missed this show. (I don’t have a TV.) Did they cover the role of Congress and FNMA and FHA and Freddie…? The Congressmen who pushed banks and regulators to shovel more money at housing are riding higher than ever before, and are probably too powerful to be fully exposed.[/quote]
They talked about Fannie and Freddie – but also pointed out that the real escalation of all this came when mortgages were bundled on wall street as MBSs and CDOs. Subprime, alt-a, etc. (Vs the GSE mortgages). I got the impression that having wallstreet willing to buy every mortgage made to securitize it and sell it was more a factor than fanny and freddie.
But maybe I misunderstood.
ParticipantI also agree with davelj.
I think a lot of our problems came from the no/low downpayments.
ParticipantI also agree with davelj.
I think a lot of our problems came from the no/low downpayments.
ParticipantI also agree with davelj.
I think a lot of our problems came from the no/low downpayments.
ParticipantI also agree with davelj.
I think a lot of our problems came from the no/low downpayments.
ParticipantI also agree with davelj.
I think a lot of our problems came from the no/low downpayments.
ParticipantBack to the thoughts posed in the OP…
I personally am not a big fan of government intervention in preventing foreclosures. The market will eventually return to a sustainable, non-inflated level. All of the government intervention I’ve seen seems to be targeted at either reinflating, or postponing that eventual outcome. I’m in the “rip the bandaid off fast” camp… It’s painful – but better if it’s over quickly.
Personally… I bought my house in early 2003. According to Zillow it’s worth 70k less than I paid for it. But my mortgage is a LOT less than what Zillow says it’s worth, because we put a lot down. I’m comfortable paying my mortgage because:
a) I bought something we could afford.
b) the house works for us.
c) we spent (non-financed) money building a handicap accessible companion unit for the in-laws to live in… and there is NOTHING out there for rent or sale that would fit our family needs like this.ParticipantBack to the thoughts posed in the OP…
I personally am not a big fan of government intervention in preventing foreclosures. The market will eventually return to a sustainable, non-inflated level. All of the government intervention I’ve seen seems to be targeted at either reinflating, or postponing that eventual outcome. I’m in the “rip the bandaid off fast” camp… It’s painful – but better if it’s over quickly.
Personally… I bought my house in early 2003. According to Zillow it’s worth 70k less than I paid for it. But my mortgage is a LOT less than what Zillow says it’s worth, because we put a lot down. I’m comfortable paying my mortgage because:
a) I bought something we could afford.
b) the house works for us.
c) we spent (non-financed) money building a handicap accessible companion unit for the in-laws to live in… and there is NOTHING out there for rent or sale that would fit our family needs like this. -
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