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Preview: Comments on: The Million Dollar Question

Comments on: The Million Dollar Question

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

Published: Sun, 22 Apr 2018 17:22:21 +0000


By: slcpunk

Sat, 04 Aug 2007 18:42:50 +0000

Well Utah was one of the last places to go "up" so it appears to be one of the last to go down. This is just the start of course. These remind me of the articles I read a few years ago in LV and Tampa. "Economists" predicting the "prices will hold, and appreciation will continue", bubble proof and all that garbage. Despite is eccentricities, Utah is a wonderful place. One of the things that HAD made it wonderful was it's low cost of living. It's not so appealing as it once was. This will be interesting to watch from the sidelines, as I plan on moving back to SLC in the next 1-3 years.

By: Bye FL

Sat, 04 Aug 2007 16:30:52 +0000

Banks aren't going to loan at 0% interest, period. I can see it being as low as 3% fixed if the feds are at 0% but the problem is houses are so expensive that the principle is the problem. My parents could give me a 0% interest loan and I wouldn't come close to being able to afford a house. There is property taxes, HOA and insurance.

By: tj & the bear

Sat, 04 Aug 2007 06:31:04 +0000

Still, it's like that line... "You're dead, you just don't know it yet."

By: jerry from richardson

Sat, 04 Aug 2007 06:22:55 +0000

Lowering the rates won't help. They will have to bring back the toxic teaser no-doc loans that inflated the bubble.

By: VT Dan

Sat, 04 Aug 2007 02:01:06 +0000

The government doesn't actually have to grow to hit the 70% figure if the rest of the economy shrinks...

By: VT Dan

Sat, 04 Aug 2007 01:59:53 +0000

Public debt, the government will have to be the "borrower of last resort" and the federal government will grow to be about 70% of GDP (it is currently around 50%). When Chile (or was it Brazil?) hit this point they quickly started into hyper-inflation.

By: Butch

Sat, 04 Aug 2007 01:52:29 +0000

And don't forget that you're LDS. The truth.............

By: Vermonter

Fri, 03 Aug 2007 23:57:13 +0000

I'm glad you mentioned the culture issue of keeping up with the Jones in the extreme because it had come up in another thread about Utah. Glad to see it confirmed by an on the ground Mormon. ;) As a side note: I was raised as a "sort of" Catholic in VT. People in the VT Catholic community have zero problems using birth control. Divorce isn't too much of a problem either - you could still go to church, etc. (Just couldn't be married again within the church doors.) It didn't matter what the pope said or what the theology read. If your neighbors and the priest was okay with it, it must be okay. It makes sense to that if the local Morman leadership and culture put a value on "stuff" how Utah could end up the way it is, despite the edicts to save for a rainy day.

By: sleepless_near_seattle

Fri, 03 Aug 2007 23:34:31 +0000

I don't watch him all that much, but even I thought he was very agitated today. Ya think he's personally got himself incredibly leveraged?

By: sleepless_near_seattle

Fri, 03 Aug 2007 23:22:30 +0000

Wow. I love the disclaimer at the end. LOL.

By: Suzanne, I researched this!

Fri, 03 Aug 2007 23:19:24 +0000

That's why I said "don't tell me"

By: Brian

Fri, 03 Aug 2007 23:19:10 +0000

"Arg. Amazing how you can win an argument just by controlling who gets the first word and WHO gets the last word." ...don't forget "and by controlling WHO the guests are in the first place"... You must not have noticed the devolution of public-policy (politics) over the past 15 years thanks to the 24x7 cable news networks or talk-radio.