ElisaS's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/131844/comments http://seekingalpha.com/article/106294-obama-s-first-move-on-the-economy?source=feed#comment-308319 308319
You did read the sorry excuse for an economic policy put forward by Mcain didn't you? Talk about uninformed!!

The US voters made the better choice, maybe you should go to the UK or better yet come up with some constructive solutions to the mess that is the US economy.]]> Mon, 17 Nov 2008 17:38:24 -0500
You did read the sorry excuse for an economic policy put forward by Mcain didn't you? Talk about uninformed!!

The US voters made the better choice, maybe you should go to the UK or better yet come up with some constructive solutions to the mess that is the US economy.]]> http://seekingalpha.com/article/103274-too-much-house-buyers-to-be-rewarded?source=feed#comment-296576 296576
While I disagree with the structure of the bail out, most people that are in a mess are not there because they wanted something for nothing.

From what I can see they are there because they have lost their jobs, now last time I looked most people do not want to loose their jobs. Or they made a bad decision regarding the purchase of a home and the loan they used.

I deal with people every day looking to get into a home of their own and who want to stop paying rent, usually with the aim of putting in the same hard work that everyone else does to pay off that debt and own the roof over their heads.

We rarely see anyone that can afford to save 20% on their first home and yet somhow I have a default rate of less than 1% among my clients.

My points are;
The amount of deposit saved is irrelevant particularly if they would be paying a similar amount in rent each month as compared to mortgage repayments.

The reasons for the defaults are varied and most people would not choose to get a bad credit rating in the hopes that the government will bail them out.

The government is trying to keep everyone's lives from getting worse so instead of endlessly critisizing everything they are trying to do, come up with a better solution if you don't like what is on offer. (Though I do think they should structure things differently with a better end result)

Stop judging people you don't know just because there is little to no banking regulation in the US and some people made use of that to gain a dream.
]]> Sun, 02 Nov 2008 16:56:15 -0500
While I disagree with the structure of the bail out, most people that are in a mess are not there because they wanted something for nothing.

From what I can see they are there because they have lost their jobs, now last time I looked most people do not want to loose their jobs. Or they made a bad decision regarding the purchase of a home and the loan they used.

I deal with people every day looking to get into a home of their own and who want to stop paying rent, usually with the aim of putting in the same hard work that everyone else does to pay off that debt and own the roof over their heads.

We rarely see anyone that can afford to save 20% on their first home and yet somhow I have a default rate of less than 1% among my clients.

My points are;
The amount of deposit saved is irrelevant particularly if they would be paying a similar amount in rent each month as compared to mortgage repayments.

The reasons for the defaults are varied and most people would not choose to get a bad credit rating in the hopes that the government will bail them out.

The government is trying to keep everyone's lives from getting worse so instead of endlessly critisizing everything they are trying to do, come up with a better solution if you don't like what is on offer. (Though I do think they should structure things differently with a better end result)

Stop judging people you don't know just because there is little to no banking regulation in the US and some people made use of that to gain a dream.
]]> http://seekingalpha.com/article/102872-signs-of-an-economic-bottoming-process?source=feed#comment-294621 294621 Thu, 30 Oct 2008 17:08:06 -0400 http://seekingalpha.com/article/91927-obama-s-economic-policy-and-reagonomics?source=feed#comment-236034 236034
Unfortuntely there are probably far too many self interested parties with a firm foothold in place already for him to make the hard choices needed to pull the once great nation of the US out of the hole it has so happily dug for itself over the last 20 years or so.

Perhaps people need to get our there and open their eyes and see that we all need to take responsibility for our own mess and work together to clean it up. Stop trying to blame Marxists or Communists for our problems.

The current system has to change, it is not going to happen overnight and it won't be finished with one person but shouldn't we try to start?]]> Thu, 21 Aug 2008 20:05:53 -0400
Unfortuntely there are probably far too many self interested parties with a firm foothold in place already for him to make the hard choices needed to pull the once great nation of the US out of the hole it has so happily dug for itself over the last 20 years or so.

Perhaps people need to get our there and open their eyes and see that we all need to take responsibility for our own mess and work together to clean it up. Stop trying to blame Marxists or Communists for our problems.

The current system has to change, it is not going to happen overnight and it won't be finished with one person but shouldn't we try to start?]]> http://seekingalpha.com/article/58465-subprime-root-cause-analysis?source=feed#comment-107333 107333 My hope is that the US market will take this oppourtunity to take a good look at itself and take the appropriate measures to clean up it's act.
No market operates in a vaccum and it is time that there was a realisation by the industry that they are responsible for their own actions.]]> Sat, 29 Dec 2007 19:24:03 -0500 My hope is that the US market will take this oppourtunity to take a good look at itself and take the appropriate measures to clean up it's act.
No market operates in a vaccum and it is time that there was a realisation by the industry that they are responsible for their own actions.]]> http://seekingalpha.com/article/58518-are-subprime-losses-being-exaggerated?source=feed#comment-107332 107332 However this still means that countries that have better structures and protections set up to avoid mis-use of this lending area are still feeling the pain. There are lenders that have been closing their doors because the wholesale backers do not have the funds to sell to them. I am sure you can imagine the onflow, loss of jobs, incomes, inability to pay debts, so on and so forth.
]]> Sat, 29 Dec 2007 19:08:11 -0500 However this still means that countries that have better structures and protections set up to avoid mis-use of this lending area are still feeling the pain. There are lenders that have been closing their doors because the wholesale backers do not have the funds to sell to them. I am sure you can imagine the onflow, loss of jobs, incomes, inability to pay debts, so on and so forth.
]]> http://seekingalpha.com/article/57919-peter-schiff-on-the-housing-market-and-the-rescue-plan?source=feed#comment-106296 106296
Here we have an independent body and set of guidelines that helps to protect both borrowers and lenders, there are still occassions where people get themselves into loans they cannot afford but generally it is because they have a change in circumstances or the interest rates have increased.
]]> Thu, 20 Dec 2007 16:35:21 -0500
Here we have an independent body and set of guidelines that helps to protect both borrowers and lenders, there are still occassions where people get themselves into loans they cannot afford but generally it is because they have a change in circumstances or the interest rates have increased.
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