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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (141944)	8/19/2008 6:24:12 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

Nice rant, especially this part: You want to fix housing? Drive prices down to no more than 3x incomes on average in a given area. Period. The quickest and easiest way to do that is to provide federal support for only 30 year fixed mortgages with 20% in cold, hard cash (no games) down and a maximum 36% DTI. Intentionally cut off ALL other mortgages from ANY SORT of Federal support, implicit or explicit. Poof. House prices come back to affordable levels because nobody will pay more and people can afford houses again with SUSTAINABLE and AFFORDABLE mortgages.

To: MulhollandDrive who wrote (141944)	8/19/2008 7:56:51 PM
From: GST	Read Replies (1) \| Respond to of 306849

What -- expect us to live within our means? Its un-American. Tell Washington to send me another check, quick, my next mortgage payment is due soon. And cut my taxes while you are at it -- it is my money you know. Want to get elected? Then be prepared to take me on another trip to the candy store. My gosh -- I really hate those sleazy lo-life politicians and bankers -- they are the problem. Its hard for an honest stiff like me to get another credit card to tank up the SUV and head off for Disneyland -- what is the world coming to anyway? Now show me the candy.