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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 07:42 PM Original message |
If 7 mil people lose their homes, It will drag down the fair market value of every home in the US... |
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Delphinus (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 07:44 PM Response to Original message |
1. Ah, the interconnected web of life. |
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Solar_Power (422 posts) Send PM | Profile | Ignore | Sun Aug-19-07 08:21 PM Response to Reply #1 |
159. There were way too many RE speculators |
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hobbit709 (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 07:46 PM Response to Original message |
2. It will be a record cold day in hell before I get an equity loan. |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 08:26 PM Response to Reply #2 |
20. I hear ya |
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Lorien (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:03 AM Response to Reply #20 |
67. Well, some of us get into debt because of unemployment and medical bills |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 07:48 PM Response to Original message |
3. but if you actually live in your home a long time this can be very good for you |
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MADem (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 07:58 PM Response to Reply #3 |
6. If you live in your home, and use it as a home, and not an ATM. |
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Jim Warren (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 02:38 AM Response to Reply #6 |
31. The opposite of what you said |
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Quantess (1000+ posts) Send PM | Profile | Ignore | Sun Aug-19-07 07:19 PM Response to Reply #31 |
158. Would you explain, please? |
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zehnkatzen (769 posts) Send PM | Profile | Ignore | Thu Aug-16-07 08:01 PM Response to Reply #3 |
8. If you aren't in a home to make a profit, then how much it will sell for gets less important... |
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Maggie_May (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 08:04 PM Response to Reply #3 |
9. I don't know where you get the lower taxes |
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zehnkatzen (769 posts) Send PM | Profile | Ignore | Thu Aug-16-07 08:06 PM Response to Reply #9 |
11. What region is that in? |
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zehnkatzen (769 posts) Send PM | Profile | Ignore | Thu Aug-16-07 08:11 PM Response to Reply #11 |
13. Oh, wait, I see. Rust Belt... |
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Maggie_May (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 08:19 PM Response to Reply #11 |
17. I have a home in Michigan |
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MADem (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 07:35 AM Response to Reply #17 |
33. They likely raised the tax rate. Your only other option is to call the assessor and try to |
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eridani (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:38 PM Response to Reply #9 |
27. True. If values go down, the rates will just get raised. n/t |
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gollygee (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 01:26 PM Response to Reply #9 |
95. We had several factories close here, and values went down |
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Yupster (1000+ posts) Send PM | Profile | Ignore | Sun Aug-19-07 01:06 AM Response to Reply #3 |
157. Over the last few years home prices |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 07:56 PM Response to Original message |
4. So be it. Bushitler made the bed, now sleep in it. |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 07:57 PM Response to Original message |
5. My apologies for the other 3 dupes, my screen froze and I got booted and returned to find... |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 08:01 PM Response to Original message |
7. Another consequence --mortgage company employees become unemployed |
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HiFructosePronSyrup (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 08:05 PM Response to Original message |
10. How's it going to look for first time home buyers? |
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mrreowwr_kittty (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 08:10 PM Response to Reply #10 |
12. Credit is getting tighter so it'll be harder for them to get loans |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 08:59 PM Response to Reply #10 |
22. it's better for first time buyers to have lower prices |
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mainegreen (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 07:35 AM Response to Reply #10 |
34. In the long run it's better. But the damned market is still fiery hot up here. |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 09:32 PM Response to Reply #34 |
141. Yeah, tell me about it. |
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rucky (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 09:36 AM Response to Reply #10 |
40. Depends on the type of loan they got. |
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tammywammy (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 10:24 AM Response to Reply #10 |
51. Depends on what they're trying to do |
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cliss (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 08:12 PM Response to Original message |
14. You are so right, Bhj. |
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CreekDog (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 03:20 PM Response to Reply #14 |
108. I think rents will go up because these foreclosed folks will not be buying for a while |
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KansDem (1000+ posts) Send PM | Profile | Ignore | Sat Aug-18-07 11:31 AM Response to Reply #14 |
152. "...28 million people. Where will these people go? To apartments? Out on the street?" |
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alfredo (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 08:15 PM Response to Original message |
15. Will this be reflected in this years property taxes? If so it will hurt our |
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TheWatcher (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 08:18 PM Response to Original message |
16. Haven't you heard? |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 08:23 PM Response to Reply #16 |
19. Yeah I heard a CNBC pundit tell a caller to just take a moment and relax.... |
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oldhippie (355 posts) Send PM | Profile | Ignore | Fri Aug-17-07 07:07 PM Response to Reply #19 |
132. If it went down $10K in the last few days, then ....... |
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Catherine Vincent (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 08:19 PM Response to Original message |
18. Great post! |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 08:27 PM Response to Reply #18 |
21. Keep in mind it is not the building of new homes that matters at this point... |
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blondeatlast (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 08:00 AM Response to Reply #18 |
36. Don't be so sure. Lots of construction in Phoenix; we just bought |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 09:28 AM Response to Reply #36 |
39. People need to listen to you ... You have it pegged exactly |
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blondeatlast (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 02:57 PM Response to Reply #39 |
100. Month and a half ago, the builder closed up the on-site office and told us |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 04:32 PM Response to Reply #100 |
116. It is not uncommon for builders to transfer interests to separate corp entity & declare sold out... |
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blondeatlast (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 05:37 PM Response to Reply #116 |
122. I think I might just ride my bike down there tonight and count how many are being completed |
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redacted (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 09:02 PM Response to Original message |
23. We need an IMMEDIATE MORATORIAM ON FORECLOSURES. WHY SHOULD A HEDGE FUND |
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eridani (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:40 PM Response to Reply #23 |
28. Fawkin' A!! as we used to say back when n/t |
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blondeatlast (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 08:02 AM Response to Reply #23 |
37. Excellent idea! nt |
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earth mom (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 07:33 PM Response to Reply #23 |
134. Great Idea-EXCEPT-with * in office Hell will freeze over first before he does a thing for the peons. |
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redacted (1000+ posts) Send PM | Profile | Ignore | Sat Aug-18-07 12:01 AM Response to Reply #134 |
143. Mortgage banking and related industries are regulated by the STATES. Not by Bush. |
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TheFarseer (1000+ posts) Send PM | Profile | Ignore | Sat Aug-18-07 10:21 AM Response to Reply #143 |
149. I hate to say I agree |
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joeunderdog (1000+ posts) Send PM | Profile | Ignore | Sat Aug-18-07 09:37 AM Response to Reply #23 |
148. I think any funding for a bailout should be tied to the lenders themselves. |
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mike_c (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 09:11 PM Response to Original message |
24. it's hard to have much sympathy, frankly.... |
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OutNow (538 posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:03 PM Response to Original message |
25. Texas home equity loan law - Woody Guthrie |
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eridani (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:32 PM Response to Original message |
26. I want to do something about those 7 million just because I'm not a sociopath |
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mike_c (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 02:27 AM Response to Reply #26 |
29. your comments just gave me more hope than I've felt all day.... |
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Tesha (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 10:56 AM Response to Reply #26 |
62. The "7 million" won't die, they just won't get to keep their McMansions. |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:02 AM Response to Reply #62 |
65. You have no evidence to back up such a ridiculous theory... |
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Tesha (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:33 AM Response to Reply #65 |
76. You may believe whatever you choose to believe. |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:40 AM Response to Reply #76 |
79. Your characterization that home buyers 'were greedy' explains a lot.... |
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Tesha (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 12:31 PM Response to Reply #79 |
90. You appear to be trying to put words in my mouth. |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 12:43 PM Response to Reply #90 |
93. The word 'greedy' came out of your mouth, I just commented on it.... |
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blondeatlast (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 03:02 PM Response to Reply #76 |
101. Good thing that the glut of unsold homes won't touch your perfect little world... |
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Tesha (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 04:34 PM Response to Reply #101 |
117. As I've said elsewhere... |
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CreekDog (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 03:34 PM Response to Reply #76 |
112. Tesha you are wrong, that's exactly what I did, but there were good reason |
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Tesha (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 04:42 PM Response to Reply #112 |
119. Okay... |
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Lars39 (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 02:31 PM Response to Reply #62 |
97. I lost a home to bankruptcy due to medical bills, |
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Tesha (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 02:52 PM Response to Reply #97 |
98. I'm sorry for your loss, but that's clearly not the situation the OP was... |
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Lars39 (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 06:04 PM Response to Reply #98 |
126. People tap into their home equity to stay ahead of medical bills, too. |
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wordpix (1000+ posts) Send PM | Profile | Ignore | Sat Aug-18-07 12:03 PM Response to Reply #62 |
153. many jumbo mortgages over $417K are for McMansions but not all; not true that subprime meltdown is |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Sat Aug-18-07 12:16 PM Response to Reply #153 |
154. True... |
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HCE SuiGeneris (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 02:35 AM Response to Original message |
30. Tighten your belts all. I am talking to these people every day... |
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MattSh (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 07:19 AM Original message |
Talk about a one sided story! |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 08:19 AM Response to Original message |
38. You make several assumptions that are just not true, allow me.... |
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DU GrovelBot (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 07:19 AM Response to Original message |
32. ## PLEASE DONATE TO DEMOCRATIC UNDERGROUND! ## |
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spinbaby (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 07:50 AM Response to Original message |
35. Umm...where are those 7 million people going to live? |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 10:26 AM Response to Reply #35 |
52. First off, 7 million loans does not translate to 7 million people. |
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tsuki (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 09:40 AM Response to Original message |
41. Which is why viewing your house as an "investment" is wrong |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 09:46 AM Response to Reply #41 |
43. tsuki's got it right |
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Dr. Strange (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 10:38 AM Response to Reply #41 |
55. Exactly! |
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CreekDog (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 09:19 PM Response to Reply #55 |
138. Actually, everything you do is an investment |
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wtmusic (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 10:39 AM Response to Reply #41 |
56. Why? |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 10:50 AM Response to Reply #56 |
61. While its true over the long haul, factor in periods like 1929 depression... |
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wtmusic (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 10:59 AM Response to Reply #61 |
64. IMO most of the people who will lose homes in the coming 5 years are |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:10 AM Response to Reply #64 |
69. You are skewed in your understanding of this problem... |
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wtmusic (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:43 AM Response to Reply #69 |
81. Blame banks for people overborrowing? |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:55 AM Response to Reply #81 |
86. If you look at bank expenses you would see advertising/marketing is right there... |
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bleedingheart (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:40 AM Response to Reply #56 |
78. if you pay cash for real estate it may be a good investment...or get in when its good |
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wtmusic (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:49 AM Response to Reply #78 |
83. Your mom's smart and so she made money |
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tammywammy (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:53 AM Response to Reply #83 |
85. I don't feel sorry for them either |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 03:23 PM Response to Reply #78 |
110. a VERY critical mistake in your math and logic |
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bleedingheart (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 06:43 PM Response to Reply #110 |
130. sorry but real estate while a good investment is still risky |
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blondeatlast (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 03:05 PM Response to Reply #41 |
103. Word, tsuki. |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 09:45 AM Response to Original message |
42. My house could lose half its current market value and still be worth more than twice what I paid |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 09:54 AM Response to Reply #42 |
45. You have ignored the change in the buying power of dollars 12 yrs ago... |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 10:15 AM Response to Reply #45 |
49. No, it makes no difference to me whatsoever |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 10:18 AM Response to Reply #49 |
50. Not everyone is in your excellent position, but it still will cost you ... |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 10:31 AM Response to Reply #50 |
53. My retirement savings is completely independent of my home |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 10:46 AM Response to Reply #53 |
59. If you really believed that your home should not be treated as an investment you would rent.... |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:10 AM Response to Reply #59 |
70. No, you have it bass-ackwards - I live in San Diego |
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Lorien (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:25 AM Response to Reply #70 |
73. $1,200 a month is great for your area |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:41 AM Response to Reply #73 |
80. I bought in 1994 solely for quality of life, not income or appreciation |
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Lorien (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 01:49 PM Response to Reply #80 |
96. I bought mine in 1996 for $150,000 |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 03:09 PM Response to Reply #96 |
104. You're not my ex-wife by any chance, are you? |
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Lorien (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 03:16 PM Response to Reply #104 |
107. Heheh |
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Lorien (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:21 AM Response to Reply #59 |
72. Um, no. Renting means that you are at the mercy of a landlord |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 03:27 PM Response to Reply #59 |
111. renting is simply too expensive, leave that to the yuppies in manhattan |
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tsuki (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 01:11 PM Response to Reply #42 |
94. That is what I am talking about. My home has been see-sawing |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 04:51 PM Response to Reply #94 |
120. I am amazed that people would rather punish folks they think were stupid or greedy than... |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Mon Aug-20-07 09:10 AM Response to Reply #120 |
160. Sorry, but some of those people were stupid or greedy and it's not "punishment" |
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napi21 (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 09:49 AM Response to Original message |
44. That's true, but in at least some areas, the homes were very |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 09:58 AM Response to Reply #44 |
46. Don't lose sleep over 'flippers' --they make up a very small % of home buyers... |
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TahitiNut (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 10:01 AM Response to Original message |
47. Most important, it's the EQUITY that's lost. |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 10:09 AM Response to Reply #47 |
48. You're right... if they walk away after yrs of pmts without equity they should rent |
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Sapere aude (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 10:34 AM Response to Original message |
54. Well rent a house for Christ's sake. And get some cheese to go with that whine. |
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wtmusic (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 10:41 AM Response to Reply #54 |
57. no kidding |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 10:44 AM Response to Reply #54 |
58. Have you checked on the availability of rental property? You are in for a shock... |
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Sapere aude (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:03 AM Response to Reply #58 |
66. Life sucks is not a philosophy of mine it is a reality that you may choose to deny. |
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CreekDog (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 06:36 PM Response to Reply #58 |
128. "Life sucks"?! How about "Every day is a gift" |
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porphyrian (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 10:49 AM Response to Original message |
60. What are the banks going to do with a bunch of houses no one can buy? |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 10:57 AM Response to Reply #60 |
63. Banks borrowed money to make the loans secured by the loans... |
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porphyrian (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:45 AM Response to Reply #63 |
82. My point is that there will come a point that they will actually lose more money... |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:51 AM Response to Reply #63 |
84. Get ready for the Fannie Mae to become the equivalent of the RTC... |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:06 AM Response to Original message |
68. Artificially blowing up the housing bubble |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:27 AM Response to Reply #68 |
74. First, the 'subsidy' is not an expense to those looking to buy... |
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CreekDog (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 06:40 PM Response to Reply #74 |
129. Even if you are well off, you can't get a mortgage from a lender that is imploding |
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MadHound (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:13 AM Response to Original message |
71. The trouble is the gov't simply can't step in and try to avert the catastrophe |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:36 AM Response to Reply #71 |
77. Here is what the Govt can do to avert the catastrophe... |
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MadHound (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:57 AM Response to Reply #77 |
87. Still unfeasible |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 12:11 PM Response to Reply #87 |
88. Here is where you are wrong ... |
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BlooInBloo (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 11:29 AM Response to Original message |
75. Irresponsible lending but even more irresponsible borrowing. |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 12:13 PM Response to Reply #75 |
89. both can be fixed without letting the entire real estate market collapse and people lose their homes |
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BlooInBloo (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 12:33 PM Response to Reply #89 |
91. That would be nice - but something needs to be put into place preventing.... |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 12:40 PM Response to Reply #91 |
92. absolutely agree |
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Jed Dilligan (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 02:55 PM Response to Original message |
99. As a renter, what's my stake |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 03:11 PM Response to Reply #99 |
105. The rent you pay is loosely connected to the owner's mortgage payment |
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Jed Dilligan (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 04:22 PM Response to Reply #105 |
114. So when value goes down, |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 05:12 PM Response to Reply #114 |
121. Down is much slower than up when it comes to prices |
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Jed Dilligan (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 08:10 PM Response to Reply #121 |
135. I don't like fixing shit all the time |
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Jed Dilligan (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 08:10 PM Response to Reply #121 |
136. I don't like fixing shit all the time |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Sat Aug-18-07 09:19 AM Response to Reply #136 |
146. Capitalism is great if you are competitive and "successful" |
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Digit (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 09:25 PM Response to Reply #105 |
139. Nothing to do with the landlord's mortgage payment |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Sat Aug-18-07 09:26 AM Response to Reply #139 |
147. Not always true |
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Jed Dilligan (1000+ posts) Send PM | Profile | Ignore | Sat Aug-18-07 02:15 PM Response to Reply #147 |
155. My parents just couldn't sell their home |
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Digit (1000+ posts) Send PM | Profile | Ignore | Sat Aug-18-07 11:26 PM Response to Reply #139 |
156. There are always exceptions, rare as they might be n/t |
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mrreowwr_kittty (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 08:24 PM Response to Reply #99 |
137. Some of the homes foreclosed are being rented |
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Jed Dilligan (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 09:56 PM Response to Reply #137 |
142. Not where I live |
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NNN0LHI (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 03:03 PM Response to Original message |
102. When I bought my first two homes I needed 20% down just to apply for a home loan |
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tammywammy (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 03:22 PM Response to Reply #102 |
109. I bought a house a couple of months ago |
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CreekDog (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 03:16 PM Response to Original message |
106. There is nothing wrong with debt that you can afford for a prudent purpose |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 03:35 PM Response to Reply #106 |
113. your post is sound |
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CreekDog (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 05:47 PM Response to Reply #113 |
123. What you said about "fear based advice" in this thread is spot on |
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NNN0LHI (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 04:27 PM Response to Reply #106 |
115. Lets say I have $15,000 worth of debt |
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CreekDog (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 05:57 PM Response to Reply #115 |
124. Actually I think you are incorrect |
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NNN0LHI (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 06:01 PM Response to Reply #124 |
125. Actually I think you are correct |
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CreekDog (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 06:08 PM Response to Reply #125 |
127. I agree with the sentiment to avoid debt |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Sat Aug-18-07 08:57 AM Response to Reply #124 |
144. You need to print this on a card and hand it out .... |
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notadmblnd (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 04:37 PM Response to Original message |
118. and we'll all owe more than our homes are worth. |
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Geek_Girl (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 07:00 PM Response to Original message |
131. I think if you bought your home more than five years ago |
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Lorien (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 07:14 PM Response to Reply #131 |
133. And if you bought your home five years ago |
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CreekDog (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 09:27 PM Response to Original message |
140. I like the posts about a homes "intrinsic" value |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Sat Aug-18-07 09:03 AM Response to Reply #140 |
145. The reason home ownership is a good investment for most people is ... |
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camero (1000+ posts) Send PM | Profile | Ignore | Sat Aug-18-07 10:32 AM Response to Original message |
150. One point not made |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Sat Aug-18-07 11:04 AM Response to Reply #150 |
151. Exactly --as the OP stated it will drag down the value of every home |
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