Comments on: Selling Mortgage Loans on the Side of the Freeway: The Reckless Bailing out of the US Housing Market by Government Agencies. http://www.doctorhousingbubble.com/selling-mortgage-loans-on-the-side-of-the-freeway-the-reckless-bailing-out-of-the-us-housing-market-by-government-agencies/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 18 Mar 2010 00:52:44 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Jwm in SD http://www.doctorhousingbubble.com/selling-mortgage-loans-on-the-side-of-the-freeway-the-reckless-bailing-out-of-the-us-housing-market-by-government-agencies/comment-page-1/#comment-9417 Jwm in SD Wed, 12 Mar 2008 23:19:15 +0000 http://www.doctorhousingbubble.com/selling-mortgage-loans-on-the-side-of-the-freeway-the-reckless-bailing-out-of-the-us-housing-market-by-government-agencies/#comment-9417 "How long will I have to rent?" As long as it takes. That is the appropriate answer. Or more specifically, until the credit mess blows over and the lending standards are returned to sanity one way or another. The easiest thing to do is to take that idea of homeownership and put it out of your mind completely for the next several years...don't even think about it. “How long will I have to rent?”

As long as it takes. That is the appropriate answer. Or more specifically, until the credit mess blows over and the lending standards are returned to sanity one way or another.

The easiest thing to do is to take that idea of homeownership and put it out of your mind completely for the next several years…don’t even think about it.

]]> By: gael http://www.doctorhousingbubble.com/selling-mortgage-loans-on-the-side-of-the-freeway-the-reckless-bailing-out-of-the-us-housing-market-by-government-agencies/comment-page-1/#comment-9409 gael Wed, 12 Mar 2008 17:08:30 +0000 http://www.doctorhousingbubble.com/selling-mortgage-loans-on-the-side-of-the-freeway-the-reckless-bailing-out-of-the-us-housing-market-by-government-agencies/#comment-9409 What do you guys think of this story? Home speculators strike gold in California http://news.bbc.co.uk/2/hi/business/7289292.stm What do you guys think of this story?

Home speculators strike gold in California
http://news.bbc.co.uk/2/hi/business/7289292.stm

]]> By: Alan http://www.doctorhousingbubble.com/selling-mortgage-loans-on-the-side-of-the-freeway-the-reckless-bailing-out-of-the-us-housing-market-by-government-agencies/comment-page-1/#comment-9402 Alan Wed, 12 Mar 2008 15:06:10 +0000 http://www.doctorhousingbubble.com/selling-mortgage-loans-on-the-side-of-the-freeway-the-reckless-bailing-out-of-the-us-housing-market-by-government-agencies/#comment-9402 I agree except that I don't feel homeowners are always at fault. That is assuming everybody is financially savvy. I don't have much sympathy for speculators who jacked up prices, causing others to pay more. In my area, there were many condo-conversions a couple of years ago and was hard to even find a descent place to rent. Mostly at fault are the lenders who unwisely gave out so much money. THEY are the FINANCIAL EXPERTS. You can't assume everybody knows how to manage money like experts. The lenders, wanting to make a quick buck, failed to responsibly lend money and warn borrowers of the danger of ARMs and of borrowing beyond there means. I agree except that I don’t feel homeowners are always at fault. That is assuming everybody is financially savvy. I don’t have much sympathy for speculators who jacked up prices, causing others to pay more. In my area, there were many condo-conversions a couple of years ago and was hard to even find a descent place to rent. Mostly at fault are the lenders who unwisely gave out so much money. THEY are the FINANCIAL EXPERTS. You can’t assume everybody knows how to manage money like experts. The lenders, wanting to make a quick buck, failed to responsibly lend money and warn borrowers of the danger of ARMs and of borrowing beyond there means.

]]> By: JC http://www.doctorhousingbubble.com/selling-mortgage-loans-on-the-side-of-the-freeway-the-reckless-bailing-out-of-the-us-housing-market-by-government-agencies/comment-page-1/#comment-9401 JC Wed, 12 Mar 2008 14:53:39 +0000 http://www.doctorhousingbubble.com/selling-mortgage-loans-on-the-side-of-the-freeway-the-reckless-bailing-out-of-the-us-housing-market-by-government-agencies/#comment-9401 Folks, get ready and fasten your seatbelts. Looks like we are headed for a 1929 style crash. No one knows when, but it's coming. The country will have a better sense of "how bad" depending on who is elected this November. Does anyone remember the game show the Price is Right, and the losing horn for contestants that made a wrong guess? That's the marching band anthem for America in these early stages of the 21st Century. All powered by corporate/individual greed, and a federal government that can't manage it's way out of a paper bag. Oh, and by the way Benny, your doing a hell of a job at the Fed. If anyone can see the problem, you would think it would be you and not Ron Paul touting the mantra of let the market correct itself, houses worth 3X income, end of game. This problem is only going to get worse with government tinkering and what really pisses me off is that good ole' John/Jane Q Public are going to be left holding the bag while high powered corporate/government leaders are let off the hook. And to boot, prices will remain EXTREMELY over valued. I say let the system CRASH, that's what's needed now. Folks, get ready and fasten your seatbelts. Looks like we are headed for a 1929 style crash. No one knows when, but it’s coming. The country will have a better sense of “how bad” depending on who is elected this November. Does anyone remember the game show the Price is Right, and the losing horn for contestants that made a wrong guess? That’s the marching band anthem for America in these early stages of the 21st Century. All powered by corporate/individual greed, and a federal government that can’t manage it’s way out of a paper bag.

Oh, and by the way Benny, your doing a hell of a job at the Fed. If anyone can see the problem, you would think it would be you and not Ron Paul touting the mantra of let the market correct itself, houses worth 3X income, end of game.

This problem is only going to get worse with government tinkering and what really pisses me off is that good ole’ John/Jane Q Public are going to be left holding the bag while high powered corporate/government leaders are let off the hook. And to boot, prices will remain EXTREMELY over valued. I say let the system CRASH, that’s what’s needed now.

]]> By: gael http://www.doctorhousingbubble.com/selling-mortgage-loans-on-the-side-of-the-freeway-the-reckless-bailing-out-of-the-us-housing-market-by-government-agencies/comment-page-1/#comment-9394 gael Wed, 12 Mar 2008 04:51:46 +0000 http://www.doctorhousingbubble.com/selling-mortgage-loans-on-the-side-of-the-freeway-the-reckless-bailing-out-of-the-us-housing-market-by-government-agencies/#comment-9394 Yay, the banks will dump their problems on the government. I can't see how this is going to be much help to housing. Food, Education and Energy prices are still surging and salaries are not exactly keeping pace with real inflation. I don't know, will it prop up prices here in Los Angeles? How long will I have to rent? My three year old would really like a spot of grass.... Yay, the banks will dump their problems on the government. I can’t see how this is going to be much help to housing. Food, Education and Energy prices are still surging and salaries are not exactly keeping pace with real inflation. I don’t know, will it prop up prices here in Los Angeles? How long will I have to rent? My three year old would really like a spot of grass….

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