Comments on: No Housing Bottom: Hell Hath Frozen Over. David Lereah Proclaims Housing not Hitting Bottom. http://www.doctorhousingbubble.com/no-housing-bottom-hell-hath-frozen-over-david-lereah-proclaims-housing-not-hitting-bottom/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 09 Feb 2012 03:22:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: REO Guru http://www.doctorhousingbubble.com/no-housing-bottom-hell-hath-frozen-over-david-lereah-proclaims-housing-not-hitting-bottom/#comment-22451 REO Guru Wed, 20 Aug 2008 23:00:09 +0000 http://www.doctorhousingbubble.com/no-housing-bottom-hell-hath-frozen-over-david-lereah-proclaims-housing-not-hitting-bottom/#comment-22451 Well I sincerely hope we have seen the worst and that we're soon to make a rebound. Unfortunately, in California reality gets in the way. Just reference the following links: http://www.mortgagenewsdaily.com/8202008_Foreclosure_Waves.asp http://bigpicture.typepad.com/comments/2008/08/housing-starts.html and one last one that sums it all up. http://mrmortgage.ml-implode.com/2008/08/16/mr-mortgage-the-real-estate-quickening-is-upon-us/ Well I sincerely hope we have seen the worst and that we’re soon to make a rebound. Unfortunately, in California reality gets in the way. Just reference the following links:
http://www.mortgagenewsdaily.com/8202008_Foreclosure_Waves.asp
http://bigpicture.typepad.com/comments/2008/08/housing-starts.html
and one last one that sums it all up.
http://mrmortgage.ml-implode.com/2008/08/16/mr-mortgage-the-real-estate-quickening-is-upon-us/

]]> By: Reena http://www.doctorhousingbubble.com/no-housing-bottom-hell-hath-frozen-over-david-lereah-proclaims-housing-not-hitting-bottom/#comment-14019 Reena Sat, 10 May 2008 04:52:48 +0000 http://www.doctorhousingbubble.com/no-housing-bottom-hell-hath-frozen-over-david-lereah-proclaims-housing-not-hitting-bottom/#comment-14019 You want to see cheated? Some one close to me just "inherited" their father's house. Only problem granddad was talked into a reversed mortgage on his completely paid off house. Of course the deal went down around 2005 when his house was appraised at around 500 000. Unfortunately he died late 2007 and the heirs only have one year to sell the house. They sold gladly at around 340 000. Barely enough to pay back the bank and clear around 40 000. You want to see cheated?
Some one close to me just “inherited” their father’s house.
Only problem granddad was talked into a reversed mortgage
on his completely paid off house. Of course the deal went down
around 2005 when his house was appraised at around 500 000.
Unfortunately he died late 2007 and the heirs only have one
year to sell the house. They sold gladly at around 340 000.
Barely enough to pay back the bank and clear around 40 000.

]]> By: Avoid Foreclosure http://www.doctorhousingbubble.com/no-housing-bottom-hell-hath-frozen-over-david-lereah-proclaims-housing-not-hitting-bottom/#comment-13761 Avoid Foreclosure Thu, 08 May 2008 16:48:22 +0000 http://www.doctorhousingbubble.com/no-housing-bottom-hell-hath-frozen-over-david-lereah-proclaims-housing-not-hitting-bottom/#comment-13761 This site may be useful to some of you guys and gals. It has some practical information on how to avoid foreclosure. http://www.howtoavoidforeclosure.org/ Good Luck This site may be useful to some of you guys and gals.
It has some practical information on how to avoid foreclosure.

http://www.howtoavoidforeclosure.org/

Good Luck

]]> By: EM http://www.doctorhousingbubble.com/no-housing-bottom-hell-hath-frozen-over-david-lereah-proclaims-housing-not-hitting-bottom/#comment-13636 EM Thu, 08 May 2008 03:45:22 +0000 http://www.doctorhousingbubble.com/no-housing-bottom-hell-hath-frozen-over-david-lereah-proclaims-housing-not-hitting-bottom/#comment-13636 This article is another example of the occasional populist demagoguery sprinkled within your otherwise good articles. What culpability are you even talking about? Anyone who committed fraud should make restitution and be criminally prosecuted. But that is a minority of cases and if it is not, lets see some actual evidence. Any incompetently stupid boob who bought more house than they can afford or used a toxic mortgage loan of their own choice deserves no compensation. Moreover, several million of these people did not even suffer a financial loss which would warrant any compensation even if they were cheated. How can someone who makes a zero downpayment and obtains a Bizarro world negative amortization mortgage where their mortgage payment is less than the free market rent of thier home qualify for anything? This article is another example of the occasional populist demagoguery sprinkled within your otherwise good articles. What culpability are you even talking about?

Anyone who committed fraud should make restitution and be criminally prosecuted. But that is a minority of cases and if it is not, lets see some actual evidence.

Any incompetently stupid boob who bought more house than they can afford or used a toxic mortgage loan of their own choice deserves no compensation. Moreover, several million of these people did not even suffer a financial loss which would warrant any compensation even if they were cheated. How can someone who makes a zero downpayment and obtains a Bizarro world negative amortization mortgage where their mortgage payment is less than the free market rent of thier home qualify for anything?

]]> By: SteveInChicago http://www.doctorhousingbubble.com/no-housing-bottom-hell-hath-frozen-over-david-lereah-proclaims-housing-not-hitting-bottom/#comment-13585 SteveInChicago Wed, 07 May 2008 23:05:21 +0000 http://www.doctorhousingbubble.com/no-housing-bottom-hell-hath-frozen-over-david-lereah-proclaims-housing-not-hitting-bottom/#comment-13585 OK, since this guy is always wrong, does this mean I have to go long homebuilders? OK, since this guy is always wrong, does this mean I have to go long homebuilders?

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