Comments on: Living Under the Shady Tree of Mortgage Advertising: 6 Advertisements That’ll Convert you to the Housing Bubble Camp. http://www.doctorhousingbubble.com/living-under-the-shady-tree-of-mortgage-advertising-6-advertisements-that%e2%80%99ll-convert-you-to-the-housing-bubble-camp/ How I Learned to Love Southern California and Forget the Housing Bubble Wed, 08 Oct 2008 08:31:46 +0000 http://wordpress.org/?v=2.2.2 By: Anonymous http://www.doctorhousingbubble.com/living-under-the-shady-tree-of-mortgage-advertising-6-advertisements-that%e2%80%99ll-convert-you-to-the-housing-bubble-camp/#comment-1085 Anonymous Wed, 20 Jun 2007 04:55:00 +0000 http://www.doctorhousingbubble.com/living-under-the-shady-tree-of-mortgage-advertising-6-advertisements-that%e2%80%99ll-convert-you-to-the-housing-bubble-camp/#comment-1085 I wonder if the government is going to bail these morons out. If they do I hope everyone in the country mails in their keys. <br/><br/>I personally am about ready to pack it in and move someplace sane. However maybe if I start watching Faux News everything will appear ok. It worked for Iraq and Katrina.<br/><br/><br/><br/>Sequoia512 I wonder if the government is going to bail these morons out. If they do I hope everyone in the country mails in their keys.

I personally am about ready to pack it in and move someplace sane. However maybe if I start watching Faux News everything will appear ok. It worked for Iraq and Katrina.

Sequoia512

]]> By: Anonymous http://www.doctorhousingbubble.com/living-under-the-shady-tree-of-mortgage-advertising-6-advertisements-that%e2%80%99ll-convert-you-to-the-housing-bubble-camp/#comment-1084 Anonymous Wed, 20 Jun 2007 03:38:00 +0000 http://www.doctorhousingbubble.com/living-under-the-shady-tree-of-mortgage-advertising-6-advertisements-that%e2%80%99ll-convert-you-to-the-housing-bubble-camp/#comment-1084 Dr. HB,<br/>I think you are right when you said "If you buy now I hate to say it but you'll lose a lot of equity in the next two years." that is in the comment posted under the article on Friday, April 06, 2007.<br/><br/>But I have a dumb question. What if inflation surges? How much will inflation affect it? High inflation can help reduce your mortgage debt if it is 30yr fixed. Doesn’t it? Dr. HB,
I think you are right when you said “If you buy now I hate to say it but you’ll lose a lot of equity in the next two years.” that is in the comment posted under the article on Friday, April 06, 2007.

But I have a dumb question. What if inflation surges? How much will inflation affect it? High inflation can help reduce your mortgage debt if it is 30yr fixed. Doesn’t it?

]]> By: Vera http://www.doctorhousingbubble.com/living-under-the-shady-tree-of-mortgage-advertising-6-advertisements-that%e2%80%99ll-convert-you-to-the-housing-bubble-camp/#comment-1083 Vera Wed, 20 Jun 2007 02:14:00 +0000 http://www.doctorhousingbubble.com/living-under-the-shady-tree-of-mortgage-advertising-6-advertisements-that%e2%80%99ll-convert-you-to-the-housing-bubble-camp/#comment-1083 Great post! I am amazed that people are still doing this - and the arrogance and audacity of coming right out and printing "Liar Loans?" I mean, when the law comes after them their lawyer will tear his hair out at that one (LOL).<br/><br/>Today driving from Culver City to Cerritos I saw a car with an advertisement plastered.<br/><br/>Stop Foreclosures! It had a web address. I scribbled it down thinking, this better not be some political/lobbying movement - if you make 50K a year and sign for a mortage for 600K you only need 4th grade math to figure out you can't afford that. Turns out it's one of these companies that "helps" you keep your home (read: ends up owning your home and making a killing). Their website is so lame it doesn't even bother to fill in the text for the template they bought - It says "Headline Text Goes Here." Sheesh. <br/><br/>I find it amazing that such outright criminal activity has gone on unabated for so long. Lie about your income, get a straw buyer and cash back, piggy back on someone else's credit, put honest appraisers out of work.<br/><br/><br/>What a world! Great post! I am amazed that people are still doing this - and the arrogance and audacity of coming right out and printing “Liar Loans?” I mean, when the law comes after them their lawyer will tear his hair out at that one (LOL).

Today driving from Culver City to Cerritos I saw a car with an advertisement plastered.

Stop Foreclosures! It had a web address. I scribbled it down thinking, this better not be some political/lobbying movement - if you make 50K a year and sign for a mortage for 600K you only need 4th grade math to figure out you can’t afford that. Turns out it’s one of these companies that “helps” you keep your home (read: ends up owning your home and making a killing). Their website is so lame it doesn’t even bother to fill in the text for the template they bought - It says “Headline Text Goes Here.” Sheesh.

I find it amazing that such outright criminal activity has gone on unabated for so long. Lie about your income, get a straw buyer and cash back, piggy back on someone else’s credit, put honest appraisers out of work.

What a world!

]]> By: Adam http://www.doctorhousingbubble.com/living-under-the-shady-tree-of-mortgage-advertising-6-advertisements-that%e2%80%99ll-convert-you-to-the-housing-bubble-camp/#comment-1082 Adam Wed, 20 Jun 2007 01:03:00 +0000 http://www.doctorhousingbubble.com/living-under-the-shady-tree-of-mortgage-advertising-6-advertisements-that%e2%80%99ll-convert-you-to-the-housing-bubble-camp/#comment-1082 You'd think the self-cleaning properties of laissez-faire would've taken care of these firms, but the reality is predatory lending is not only alive and well, it's flourishing and encouraged by government officials. Hey, it's spending, right? And spending is good for the economy, right?<br/><br/>I see that Gary Coleman (T.V. spokesperson for Cashcall.com) is disclosing 99.25% APR on a $2,600 loan! So a desparate borrower would have to pay back almost $9,100, over 42 months. How financially STUPID is THAT? Yet they sure do advertise alot, which can only mean business is GOOD....<br/><br/>When I was a kid, only the loan sharks would dare to charge such terms!<br/><br/>I'm actually a bit surprised we haven't yet hit the legalization (and taxation) of drugs, prostitution, etc by now. After all, the free market and reduced regulation and enforcement is SUPPOSED to cure all ills, right? You’d think the self-cleaning properties of laissez-faire would’ve taken care of these firms, but the reality is predatory lending is not only alive and well, it’s flourishing and encouraged by government officials. Hey, it’s spending, right? And spending is good for the economy, right?

I see that Gary Coleman (T.V. spokesperson for Cashcall.com) is disclosing 99.25% APR on a $2,600 loan! So a desparate borrower would have to pay back almost $9,100, over 42 months. How financially STUPID is THAT? Yet they sure do advertise alot, which can only mean business is GOOD….

When I was a kid, only the loan sharks would dare to charge such terms!

I’m actually a bit surprised we haven’t yet hit the legalization (and taxation) of drugs, prostitution, etc by now. After all, the free market and reduced regulation and enforcement is SUPPOSED to cure all ills, right?

]]> By: Numpty McHoon http://www.doctorhousingbubble.com/living-under-the-shady-tree-of-mortgage-advertising-6-advertisements-that%e2%80%99ll-convert-you-to-the-housing-bubble-camp/#comment-1080 Numpty McHoon Tue, 19 Jun 2007 22:48:00 +0000 http://www.doctorhousingbubble.com/living-under-the-shady-tree-of-mortgage-advertising-6-advertisements-that%e2%80%99ll-convert-you-to-the-housing-bubble-camp/#comment-1080 Dr. HB ur rat own, the marketing style of these loan brokers is very spam-like. <br/><br/>BTW, I know a few penny stocks about to go crazy, ____ & ____ are going to go ballistic, get in now before they go thru da roof! Dr. HB ur rat own, the marketing style of these loan brokers is very spam-like.

BTW, I know a few penny stocks about to go crazy, ____ & ____ are going to go ballistic, get in now before they go thru da roof!

]]>