All-Is-Well;)

Total Rating:
0 / 0

20 Comments

    • Thu Apr 3rd 15:12 PM | Rating: 0 0
      Commented on:
      Explaining the Bear Stearns Rescue
      The government has now put itself in a position to have to prop up home prices due to the risky assets now on it's books. It will undoubtedly let the air out slowly. While this has a positive side for the economy, it also means that home buyers will not get affordable home prices anytime soon and in fact will be purchasing a declining asset. Buyer beware if you were considering your new purchase an investment. Also, was laughable to hear Jamie Dimon of JP Morgan say that bankers will be taking a loss if mortgages are written down. That loss is negligible to the loss from the declining value of CDO's. They made a lot of money going up, and are now getting bailed out as they sell off assets prop'd up by the action Congress is surely to take.
      View article »
    • Thu Apr 3rd 10:46 AM | Rating: 0 0
      Commented on:
      Housing Market Tracker - It's About Affordability, Stupid.
      Any move to prop up prices will keep qualified buyers out of the housing market. Not much interest in purchasing a declining asset. But an election year should ensure that's exactly what happens.
      View article »
    • Mon Mar 31st 16:08 PM | Rating: 0 0
      Commented on:
      Hitting the Reset Button On Home Mortgages
      Low interest rates are certainly a good thing. But low interest rates to purchase a declining asset isn't going to incent a tremendous amount of people. A real estate correction is necessary. Any move by the government to prop up prices through any means would equate to fraud in the real markets. And to "vboring", not all bankers and mortgage brokers are white.
      View article »
    • Mon Mar 31st 10:45 AM | Rating: 0 0
      Commented on:
      Hitting the Reset Button On Home Mortgages
      Maybe it's not too late. I could still rush out and buy a house right on the brink of what I can qualify for, then wait for the price to drop and the government to bail me out along with the rest. Wonder if I can get them to compensate me for buying a large SUV that's surely going to depreciate as well. Hmmmm. What about other investments. Surely I can come up with more. No sense being responsible. Social security won't be there anyway. Might as well get the rest of the country to finance my bad decisions as well. I love this country. Especially in elecition years.
      View article »
    • Wed Mar 5th 11:06 AM | Rating: 0 0
      Commented on:
      The Case for Foreclosure: Law of Conservation of Homes
      While I understand the underlying financial implications of the large number of foreclosures, I also understand that a home is an investment like many others. Housing prices have been over blown for many years, and it's necessary for prices to correct so many others can afford their dream. The lossses due to CDOs and SIVs is unfortunate, and I certainly feel for families that are faced with forclosure, however, I'm not in favor of any government intervention that keeps prices articially high so save banks that made bad investments. A home is an investment like any other. If the price of my commodity investments start to fall, as they certainly will (nothing goes up forever, including housing) should I expect the government to step in and prop up those prices as well.
      View article »
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»