AvlGuy

Foreclosure Stimulus to Boost Tech's Four Horsemen

Wow, I don’t think there's a lot of ‘street sense’ showing up in here about how real people behave outside of economic theories and Wall Street. Yall sound like well-healed owners who haven’t rented recently or never experienced a foreclosure during a recession and inflation.
Rents have risen significantly in a many markets. Pre-2008 rent price data is worthless in some areas. When homeowners become involuntary renters, they typically also pay monthly to store tons & rooms of stuff, an expense that doesn’t show up as an apartment rental expense. Mentally, going thru the 4-6-12 months of stress and drama of losing a home just doesn’t equate to impulses to cheerily upgrade every dang gizmo gadget in response to the newest ad. Ice cream and DVDs and music downloads might be the more likely impulse buy to cheer-up sagging spirits.
And only gadget upgrades out of necessity are what they will do, these teeming thousands of stressed-out ‘new’ renters penned-up in crowded apts built of cheap materials that they aren't allowed to fix, repair or upgrade. They're also stressed because the only apt they could get is even FURTHER from the schools, jobs, services they need, and now they have to spend more on gas. Not really a marketer’s dream when peddling the next generation of a gadget people already own.
And finally, most sub-primes are not so savvy as to not make whatever pmts they can while vainly negotiating even after the NOD...many also move out far in advance of a sherriff’s arrival. Maybe more Alt-A foreclosures are savvy enuff to save while waiting out the process. Ditto for the primes, maybe. The house flippers and speculators usually are juggling so many financial mis-haps that i dont think they're accumulkating savings during the foreclosure period.

OK, I just described how human beings typically behave in a foreclosure. Who are u guys describing?