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


To: Smiling Bob who wrote (169089)12/4/2008 3:24:31 PM
From: John ChenRespond to of 306849
 
"The best thing the govt can do- in my eyes - is ...."

1. shut wallstreet down till further notice.
2. guarantee all stock goes up by .01% per day forever.
(redeem at any bank, fee per transaction 50 cents)
3. guarantee all RE goes up by .001% per day forever.

.. the daily ritual just started ..



To: Smiling Bob who wrote (169089)12/4/2008 4:53:07 PM
From: No Mo MoRespond to of 306849
 
"Who wouldn't relish an immediate cut in their mortgage payment?"

Renters?



To: Smiling Bob who wrote (169089)12/4/2008 4:57:45 PM
From: Patricia TrincheroRead Replies (2) | Respond to of 306849
 
yur a genius...............please pass that idea to Congress!

What a shot in the arm that would be!

Instead of giving the money directly to the banks, give it to the people that will spend it and subsidize J6P in the process!

It would be a win/win.

I wouldn't start planning where I will spend the money , but I do like the concept!

:>)



To: Smiling Bob who wrote (169089)12/4/2008 5:16:40 PM
From: tejekRespond to of 306849
 
The best thing the govt can do- in my eyes - is an across the board mortgage rate cut to 2-3% for a set period backed by Fed. Beats FF rate cut. It puts money immediately in the economy from existing homeowners and encourages home purchase. Much cheaper than any bailout and paves a sound road for economic rebound.

Who wouldn't relish an immediate cut in their mortgage payment?


I would, I would.....me, me! <g>