why that was nice

[2002XLT 5,000+ posts]

it'll clean the shingles, make'em shine like new.

I never know when your serious, so im going to not do that. //content.invisioncic.com/y282845/emoticons/cool.gif.3bcaf8f141236c00f8044d07150e34f7.gif

 

[mrogowski 5,000+ posts]

So. Like everything else, the majority of these retards will blame that on the existing President.

Someone mentioned recession. He moves ahead with this and that will guarantee a recession in five years. Then, not only will those who took advantage of today's "deal" are SOL, but everyone else for that matter.

If he sits back, the losses (in terms of population count who lose) will be much less comparatively speaking. The market will stabilize as people walk in to take over mortgages and foreclosures.

I'm no expert, but all I see is a temporary glitch in the system.

 

[mrogowski 5,000+ posts]

Same thing will happen in Canada eventually, except not at such a grand scale. First place to be slammed will be Calgary. Where I live, we won't feel the effect as bad since our marketplace is quite stable.

 

[DBfan187 5,000+ posts]

I never know when your serious, so im going to not do that. //content.invisioncic.com/y282845/emoticons/cool.gif.3bcaf8f141236c00f8044d07150e34f7.gif

 

[Flipx99 5,000+ posts]

Someone mentioned recession. He moves ahead with this and that will guarantee a recession in five years. Then, not only will those who took advantage of today's "deal" are SOL, but everyone else for that matter.
If he sits back, the losses (in terms of population count who lose) will be much less comparatively speaking. The market will stabilize as people walk in to take over mortgages and foreclosures.

I'm no expert, but all I see is a temporary glitch in the system.

A recession in 5 years is better than a recession today. People today do not know how good they got it....I swear to god.

 

[Flipx99 5,000+ posts]

I wish they'd just leave it alone so the rates skyrocket.
I'm in a perfect situation to capitalize on 80% of all the houses purchased over the last 50 years going up for bank auction.

Read up on the finacial history on our country around the turn of the century. We do not want the rates to rise and fall like that....Too many things are tied to the interest rates...I'm telling you. Bush's plan here is to make a smooth landing. Which is what should happen.

 

[CrazedCat 10+ year member]

This is financial Darwinism and it should be let to run it's natural course. Those idiots who overextended themselves and bit off more than they could chew SHOULD face the consequences and be "eliminated". It's basically rewarding bad behavior/poor financial choices and punishing responsible behavior.

It's great news when the price of energy, food, transportation, health care and consumer electronics drops. But for some reason it's bad news when home prices drop. Instead of all the news focusing on sob stories about how these idiots bought more home than they could afford and are now losing their homes, shouldn't we be reading stories about formerly priced-out middle-income families finally getting their chance at the American Dream of home ownership?

There's another side of the housing crunch equation that's not making it onto frontline news. For every house sold because the buyer couldn't make the payments there is a buyer on the other end of that transaction who got a good deal. And for every foreclosure, there are probably 10 buyers of nearby homes who benefited from the general easing of house-price pressure.

 

[Flipx99 5,000+ posts]

This is financial Darwinism and it should be let to run it's natural course. Those idiots who overextended themselves and bit off more than they could chew SHOULD face the consequences and be "eliminated". It's basically rewarding bad behavior/poor financial choices and punishing responsible behavior.
It's great news when the price of energy, food, transportation, health care and consumer electronics drops. But for some reason it's bad news when home prices drop. Instead of all the news focusing on sob stories about how these idiots bought more home than they could afford and are now losing their homes, shouldn't we be reading stories about formerly priced-out middle-income families finally getting their chance at the American Dream of home ownership?

There's another side of the housing crunch equation that's not making it onto frontline news. For every house sold because the buyer couldn't make the payments there is a buyer on the other end of that transaction who got a good deal. And for every foreclosure, there are probably 10 buyers of nearby homes who benefited from the general easing of house-price pressure.

No it's not. Deflation is worse than inflation. We base our economy on managed increases of the above (which consitute CPI)

Housing prices signal a problem in credit quality. The housing BS is the tip of the iceberg.

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The more comments I see, the more I hope housing does crash like you want it to. I would really like to see housing crash so ya'll would understand it ain't all grapes, flowers, and singing birds. If we see a 50% decline in the price of housing, growth will come to an essential halt. What the fvck good is it that you can buy 100 homes if there if no one can afford to live in them, or worse yet, there is no one there to lend you the money because of the fear of undercapitalization.

 

[CrazedCat 10+ year member]

No it's not. Deflation is worse than inflation. We base our economy on managed increases of the above (which consitute CPI)
Housing prices signal a problem in credit quality. The housing BS is the tip of the iceberg.

-------

The more comments I see, the more I hope housing does crash like you want it to. I would really like to see housing crash so ya'll would understand it ain't all grapes, flowers, and singing birds. If we see a 50% decline in the price of housing, growth will come to an essential halt. What the fvck good is it that you can buy 100 homes if there if no one can afford to live in them, or worse yet, there is no one there to lend you the money because of the fear of undercapitalization.

I meant "great news" as portrayed by the media. Headline makers. I realize deflation is worse.

 

[mrogowski 5,000+ posts]

A recession in 5 years is better than a recession today. People today do not know how good they got it....I swear to god.

Why do you say that?

 

[mrogowski 5,000+ posts]

I feed off of disaster and chaos. They don't make movies about 'smooth landings'.

Eh? Look at Passenger 57 or Airplane! where Otto lands the plane safely and gets a bj while doing it...

 

[Flipx99 5,000+ posts]

Why do you say that?

Gives us time to prepare for the next bandaid.

That is how the US economy works. We move from bandaid to bandaid. It is supposed to work that way. We don't want dramatic shifts in the economy upwards or downwards.

 

[mrogowski 5,000+ posts]

Gives us time to prepare for the next bandaid.
That is how the US economy works. We move from bandaid to bandaid. It is supposed to work that way. We don't want dramatic shifts in the economy upwards or downwards.

Well, I think the shift(s) have already occurred. What you would witness is the aftershock so-to-speak..