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: bentway who wrote (265419)	7/31/2010 7:01:05 PM
From: koan	Read Replies (1) of 306849

>>Can't agree with you. Although I'm trying to sell a house now, the RIGHT thing to do is to let RRE devalue from it's ridiculous levels, NOT re-inflate the damn bubble.<< Don't think you understand. Nothing is being inflated. All we are talking about is refinancing a person's home who has good credit and a job and is responsible. Just combining their first and second, at lower rates, so they can stay in their home. Which they will do. All we are really doing, is giving them a bit more time and getting them into lower interest rates loans which is good for the country as it leaves more more to spend into the economy. And it is their home. they don't need much just a little extra time. In a few years the housing prices will rise back up (we are already almost back to the top prices and are in some cases) and no one is worse for the wear. And it would save the middle class and the real estate and financial system and economy. The middle class will pay their bills and it is only 20% and a few mroe years, which is the market now anyway. Real doable. Just takes someone to see it.

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