commoinsense1211

Bob Toll: 'Yesterday's Sub-Prime Is Today's FHA'

what he says about people not chaning and wanting more may be true but for the middle class that's just not realistic. And if it does happen it will be because of some revolutionary development that will put us back on the growth track or another bubble. aside from that bob toll can build more luxury homes for the truly wealthy but the wanna be's arent going to get their mcmansions.

given what he said about fha loans it looks like were headed for another bubble and a bubble that could burst sooner rather than later.

Charlie Gasparino: Another Crash 'Has to Happen Again'

not a republican congress? which side of the aisle was phil gramm?


On Nov 06 08:25 AM gebby wrote:

> sorry but i dont see gasparino as a credible reporter. he never
> fails to knock much needed regulation and robert rubin. he has a
> market fundamentalist republican philosophy. and it is this philosophy
> which is the starting point for all the financial troubles. remember
> the sacings and loan bailout under reagan? and then under gwbush?
> come on. knocking regulations that were designed to protect the
> banking system from abuses and then rubin associated with the highest
> reaches of the democratic party. also i am sure fnm and fre and
> bill clinton, not a republican congress.

Property Values Set to Fall 43% from Current Depressed Levels

that's canada, land of natural resources, responisble consumers etc...


On Nov 03 09:02 AM george archers wrote:

> In toronto Canada, House prices are in the multi bidding wars. Asking
> price $400K sold for $449k.
> In canad,the housing market is booming on the backs of saver$
> Interest rates are at 1.5% floating. Why would someone rent. Personnal
> savings bank-.04% (Fed income tax--50% on interest)
> I can't understand Americans--Prices of homes will sky rocket--Banks
> are holding onto their prime foreclosed homes---waiting for the
> AFIraq invasions to end---Money changers will make a killing :^/

Big Banks in Trouble: Huge Mortgage Write-Downs Seem Inevitable

so the doom a gloomers should do what? convince their friends a relatives to a buy a house that is still 10-50% overvalued? Reverse trickle down economics? I dont think so

On Jun 23 09:23 AM Milkweed wrote:

> To the people who suggest that borrowers will be waiting for resets
> to walk away I say, the creditworthy ones are refinancing and most
> of the rest have bailed already as the writing has been on the wall
> for a couple of years now. Why bother paying anything if you know
> you are going to walk eventually? IMHO the coming resets will be
> mostly a non event.
>
> JasonC excellent post, I 'm getting a little tired of the doom and
> gloom crowd IMHO trying to create some self fulfilling prophecies
> by scaring people into stuffing cash under their mattress and planting
> ideas like walking away from your mortgage if you owe more than you
> paid. I have no problem with constructive criticism of the economy
> but IMHO many of the doom and gloom crowd are more interested in
> I told you so than helping the economy recover. The author of this
> article strikes me as in that camp.

Big Banks in Trouble: Huge Mortgage Write-Downs Seem Inevitable

why do you think people will stop losing their jobs? because the monthly job loss number is less than last month. that was a minor blip and there will still be net job losses and assuming when that levels off (not rising) it's foolish to think that people will feel comfortable enough to actually buy a house

On Jun 22 02:56 PM Milkweed wrote:

> I suggest you take reading comprehension lessons tipalia I did not
> argue we are at a bottom in housing, in fact I acknowledge the job
> market is going to be a drag on housing. The author of the article
> is suggesting however that there is a mass of homeowners out there
> that three years into the housing downturn are just now discovering
> that their houses are worth less than they paid for them and are
> going to be walking away from their house based solely on it's "current"
> market value in the near future. My argument is that shoe has already
> dropped.
>
> The housing market will bottom when people stop losing their jobs
> which should be coming in the not too distant future.