Comments on: Leveraging the Future for a Short-Term Fix. FHA and GSE New Subprime Loan Breeding Ground: The Resurrection of Bad Ideas. Mortgage Markets Recreating Lax Lending Environment with Same Employees from the Previous Boom.

By: dimwit

dimwit — Fri, 09 Oct 2009 18:00:51 +0000

buzzardology only creates more buzzards!

By: Polo

Polo — Fri, 03 Apr 2009 03:23:29 +0000

Well, according to the media today, including meaning CNBC, they have pretty much decided that after today’s rally, the worst is behind us. They then point to the psychology of the market, and how that psychology has supposedly shifted.
The bottom is in – so they say – today.
And then I laugh, as I think of the recent posts from Dr. HB. I
t’s a painful laugh, for all the while I realize that people still don’t have the incomes to support the slightly-less-expensive homes they are buying.
And unemployment is going down anytime soon.
End of story.
Still in denial, and still hoping to re-inflate the bubble so things can go back to the good old days, the media is just tired of the old recession bit. They need a new storyline, and ‘THe Bottom is In’, seems fresh and appealing right about now.. Poor fools.

By: SSDD

SSDD — Fri, 03 Apr 2009 01:35:58 +0000

FHA will be the last refuge of scoundrels for the entire process. Fannie and Freddie are adopting a code of conduct for appraisers while FHA is going to still allow the mortgage brokers and loan officers to shop for value amongst the dishonest and unethical real estate appraiser’s who are still the lap dogs of these hucksters. Sickening.

By: docbrown

docbrown — Thu, 02 Apr 2009 20:35:13 +0000

City Codes? Where we’re going, we don’t need any City Codes.

By: Laura Louzader

Laura Louzader — Thu, 02 Apr 2009 18:33:33 +0000

There IS a middle ground between a McMansion most people never did have any business buying, and 10X10 cabin with no electric for a family of five.

It’s called a Rental Apartment, and they come in a huge variety of styles, ages, level of amenity, and neighborhood. You can get a place in a suburban complex with a pool, nice and new with all the gizmos, or you can live in a stately vintage building in the city with oodles of character. You can try out “marginal” neighborhoods to find out how they really are to live in before you commit hundreds of thousands of dollars. You don’t have to worry about maintenance, taxes, hiring contractors. I don’t even have to worry about my heat- that’s included, and when it’s cold I just call and tell them to “get some heat in here”.

It’s cheap, it’s beautiful, it’s comfortable, and, yes, it has heat, electricity, and plumbing as required by city codes.