Subscribe: Comments on: These Crashes Don’t Happen Every Generation
http://thehousingbubbleblog.com/?feed=rss2&p=7037
Preview: Comments on: These Crashes Don’t Happen Every Generation

Comments on: These Crashes Don’t Happen Every Generation



Examining the home price boom and its effect on owners, lenders, regulators, real estate agents and the economy as a whole.



Published: Fri, 20 Apr 2018 13:40:57 +0000

 



By: Hwy50ina49Dodge

Mon, 05 Mar 2012 05:36:42 +0000

"So, the measure of manhood is patience? ha!" Well, all's eye can say is [from experience], yeppers that may be a good start ...



By: Faster Pussycat, Sell Sell

Sat, 03 Mar 2012 22:09:40 +0000

+10,000



By: Cantankerous Intellectual Bomb Thrower©

Sat, 03 Mar 2012 11:41:29 +0000

‘I think the trend is, from what we hear from the national (Realtors) association, is people are buying houses now, not focusing on investment, but they are focusing on the use of the property, the enjoyment of the property. Now having said that, nobody is saying that buying a house is not a good investment, it is still a good investment.’ Don't buy until people think you are crazy if you say that buying a house is a good investment.



By: Cantankerous Intellectual Bomb Thrower©

Sat, 03 Mar 2012 11:39:33 +0000

“For example, he said, if a seller owed $100,000 on their home and it’s worth $120,000, if they can sell it for $100,000, then they might be able to buy a house valued at $150,000 that they can get it for $120,000. So they didn’t lose $20,000 when they sold their home, they made $30,000 when they bought their next home.” Crazy maths!



By: Cantankerous Intellectual Bomb Thrower©

Sat, 03 Mar 2012 11:36:45 +0000

"...added supply always means lower prices, so the lower prices would hamper this housing recovery,’ Yun added.” Are 'real estate economists' required to take undergraduate microeconomics courses? Because I learned in my undergraduate micro course that lower prices result in a higher number of sales. I would think more sales would look something like a recovery through the eyes of a Realtor® whose income depends on selling homes, but perhaps I am missing something.



By: Cantankerous Intellectual Bomb Thrower©

Sat, 03 Mar 2012 11:33:07 +0000

"‘Even the uncertainty related to passage of the bill can quickly hold back economic recovery,’ said Lawrence Yun, chief economist for the National Association of Realtors, which strongly backs an extension of the tax relief for forgiven mortgage debt.” In what way does providing a tax exemption for the type of income known as debt relief qualify as fair to other taxpayers? I realize fairness is not exactly part of the Realtor® playbook.



By: Cantankerous Intellectual Bomb Thrower©

Sat, 03 Mar 2012 11:29:33 +0000

“There are 368,000 pending home foreclosures in the state, and that number could double by 2016, Coffey said." Sounds like there may be no Florida housing bottom until some time after the end of Obama's second term.



By: Cantankerous Intellectual Bomb Thrower©

Sat, 03 Mar 2012 11:10:21 +0000

‘There is no question that underwater borrowers in California would benefit from other taxpayers across the United States paying off the underwater portion of their mortgage debt. My obligation to those taxpayers, including those living in California, is to ensure that the assistance offered to borrowers facing difficulty in making their mortgage payments maximizes the opportunity to assist those borrowers at minimum cost to taxpayers.’ Bravo for big thinkers in high office!



By: Cantankerous Intellectual Bomb Thrower©

Sat, 03 Mar 2012 11:08:56 +0000

“California’s attorney general has pressed the regulator of Fannie Mae and Freddie Mac to halt foreclosures until principal writedowns are given a fair look as a way to help borrowers with delinquent loans owned by the mortgage enterprises." Haven't those principle writedowns been getting a 'fair look' since around 2007 or so, when I recall the first HBB posts appearing to suggest that 'cramdowns are coming'?



By: Cantankerous Intellectual Bomb Thrower©

Sat, 03 Mar 2012 11:06:26 +0000

"When high interest rates on a $250,000 loan became inflated to $525,000, a Bayview Mortgage Capital foreclosure drove her from her home." Is that a typo, or is somebody lying?



By: Cantankerous Intellectual Bomb Thrower©

Sat, 03 Mar 2012 11:02:28 +0000

"Specifically, San Francisco’s African-Americans have been ethnically cleansed from 13.4 percent in 1970 to to 3.9 percent today." Puh-leaze...the correct term is 'gentrification.' 'Ethnic cleansing' is something entirely different.
gen·tri·fi·ca·tion noun \ˌjen-trə-fə-ˈkā-shən\ Definition of GENTRIFICATION : the process of renewal and rebuilding accompanying the influx of middle-class or affluent people into deteriorating areas that often displaces poorer residents First Known Use of GENTRIFICATION 1964
ethnic cleansing noun Definition of ETHNIC CLEANSING : the expulsion, imprisonment, or killing of an ethnic minority by a dominant majority in order to achieve ethnic homogeneity



By: Cantankerous Intellectual Bomb Thrower©

Sat, 03 Mar 2012 10:57:19 +0000

“Jones said she’s continuing on with Occupy Our Homes not just for her own cause but for her neighbors’, too. ‘I’m not [Mitt] Romney with a bag of money,’ she said.” Would it be enough for the Obama to win the next election for his camp to simply characterize Romney as a wealthy advocate of the 1%?