Pent up demand

12 Observations on Residential Housing

Okay special person, I'll play your game: when Democrats say "tax relief for the middle class" it means "another refundable credit for people who don't pay any income tax anyway", i.e. a welfare payment.

Yeah I made $200k last year. But I live near NYC where I pay more for rent than most home"owners" pay for their houses and where taxation has reached its pinnacle as art form. But the federal government considers me "rich" so I get none of the rebates for my 3 kids, etc. etc.

Makes me want to move back out to the sticks and get a nice easy job with some county government and start sucking on the government teat myself.

12 Observations on Residential Housing

Oh yeah, jackh. You'll be able to cut the irony with a dull penknife when those of us of working age are living on dog food because of all the taxes we pay to keep retirees from having to live on dog food.

Mortgage Resets: Subprime May Be Ending, Option ARMs Have Just Begun

All these charts that I've seen graph only the first reset. A lot of the reset pain has been put off by the massive Fed cuts, but if (more like, when) they are forced to raise rates to curb inflation, the loans that have not defaulted by that time will come right back to the forefront.

Housing Market Tracker - Even Mortgage Brokers Want to Stop Foreclosures

gordon, your faith in the electorate is commendable if misplaced. 85% of registered voters polled about the housing crisis said they preferred nacho cheese Doritos over cool ranch flavor.

Housing Market Tracker - Even Mortgage Brokers Want to Stop Foreclosures

I guess I need to get off my a$$ and buy a foreclosed McMansion since these bailouts (along with every other form of government largesse) will leave my kids so heavily taxed that they'll never afford to live on their own. I need more space.

Proposals for a Depreciating Housing Environment

Banks are not foreclosing on people who make the payments. If the value of the collateral deteriorates that is just part of the risk of being a banker. And Mike B., holders of mortgages are not happy if the nominal value of the asset goes up through (unanticipated) inflation. They want a real yield on their investment. Federal Reserve funny money is not a real yield.

Hell, brokerbila, I like your plan. But why not cut out the middlemen? Just have the Feds buy up all the troubled properties, and then they can allow citizens to live in them rent free. We all pay taxes, right? I'm sure we can figure out an equitable way to assign party members, I mean citizens, to housing units.