The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (233622)	12/17/2009 10:19:52 PM
From: MulhollandDrive	Read Replies (2) of 306849

what about once in a lifetime low rates for people who have and are saving and approaching retirement and need fixed income to live ? what are they supposed to do? take out loans on non-existent home equity ?? the zirp policy is ensuring nothing...unless you think it will somehow miraculously revive a dead horse lying next to the lending stream low rates are doing NOTHING to ensure GD.2 isn't happening....what are you basing that analysis on? equity market move off the low? check the charts of GD.1....eerily similar... the zirp policy of helicopter ben have done NOTHING to save mainstreet.... as you said, banks aren't lending.... they're taking tarp money and discount window loans using crap collateral to plug holes in balance sheets....what exactly has that done to save the economy from GD.2 other than create zombie banks unwilling to lend (assuming demand....NOT) (oh btw, they're calling it the great 'recession' these days...and it's still ongoing, the so called recovery is a statistical mirage....) as far a lending standards go....well yeah, when it comes to banks with gaping capital holes on their balance sheets...however we have this entity called the FHA running leverage on par with bear stearns and lehman before they imploded... the amazing thing is that even despite the lax lending standards of fha (which accounts for about 50% of all loans now), gov't direct subsidy via home purchase 'credits' we still have an extremely WEAK housing market... get ready for the next wave of foreclosures coming to a market near you 2010 we'll talk again about the rumored demise of GD.2 in a few months or so greenspan/bernanke fueled the bubble and pulled demand forward for at least an entire decade, bernanke has created NOTHING...this is no recovery, it is more of the same flawed logic that debt creation=wealth

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