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

To: Les H who wrote (266605)	8/5/2010 11:00:44 AM
From: Les H	Read Replies (1) \| Respond to of 306849

Housing limbo dance: Owners won't pay, banks won't evict Lenders hoping government will step in to cover their losses kansascity.com

To: Les H who wrote (266605)	8/5/2010 11:13:19 AM
From: patron_anejo_por_favor	Respond to of 306849

Cueing Dennis Moore, Dennis Moore, yer wanted on line 2! And bring lots of lupins! youtube.com

To: Les H who wrote (266605)	8/5/2010 11:15:33 AM
From: patron_anejo_por_favor	Read Replies (4) \| Respond to of 306849

Why airdrop homeowners and not renters? Totally arbitrary, and rewarding people who got in over their heads at the expense of every else, again. Isnt' there enough malinvestment in housing yet?

To: Les H who wrote (266605)	8/5/2010 11:19:33 AM
From: posthumousone	Respond to of 306849

what a bunch of f)(#$) crap.

To: Les H who wrote (266605)	8/5/2010 11:40:28 AM
From: Perspective	Respond to of 306849

< there’s nothing to lose from dispensing with any creditworthiness criteria for refinancing.> Sweeeet. Wouldn't want to actually hinder giving out any more money by demanding something foolish like evidence that the borrower can repay it. <The median interest rate on the mortgages concerned is 5.75 percent. These loans, the thinking goes, could be refinanced to around 4.5 percent.> G*d damn, free money. Sweeeeeeeeet. Comes from the sky. Nevermind that's capital that will be robbed from elsewhere. Where's the price you ask? If low interest loans are shoved down the market's throat, they will displace creditworthy borrowing elsewhere, driving up interest rates for others. Great. Hell, at least it should contribute to crashing the dollar further. What more could you ask for? Krugman and Bernanke should be beside themselves. While we're at it, why don't we just recast 'em at 1% and extend the time frame to 100 years? I can't wait! Oh, wait, I forgot - I don't have a mortgage because I was responsible. Guess I get to bail out clowns yet again. `BC