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When Will the Housing Recession End?
The Affordable Mortgage Depression ^ | 5/11/2009 | Whitney Ross

Posted on 05/10/2010 3:58:51 PM PDT by grand wazoo

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A little doom and gloom on a Monday afternoon.
1 posted on 05/10/2010 3:58:52 PM PDT by grand wazoo
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To: grand wazoo

It will end when the flaming socialists no longer control the executive and legislative branches.


2 posted on 05/10/2010 4:05:27 PM PDT by Man50D (Fair Tax, you earn it, you keep it! www.FairTaxNation.com)
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To: grand wazoo

I don’t see how the supply of homes will ever meet any kind of demand. Not to mention the bubble was created with false purchasing power.

I don’t see an end to any of this.


3 posted on 05/10/2010 4:06:43 PM PDT by CommieCutter (Obamanomics :Privatize Gains, Socialize Losses.)
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To: grand wazoo

What gets me is the final chart, % owner occupied.

The purpose of the bubble was to get % owner occupied to a much higher level. This is the Bush-Frank-Kennedy bi-partisanship in action.

All they got was a 4% bump, and we are left picking up the pieces.


4 posted on 05/10/2010 4:13:38 PM PDT by cicero2k
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To: grand wazoo

It will only end when the Grand Government Ponzi scheme is busted once and for all.


5 posted on 05/10/2010 4:17:08 PM PDT by screaminsunshine (S)
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To: cicero2k

After anylyizing the charts i figure that Obama will probably Mandate that all people who do not own a home have to take a negative intrest loan for twice the value of the mortgage. The Liberal mind can get out of anything.


6 posted on 05/10/2010 4:20:22 PM PDT by screaminsunshine (S)
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To: cicero2k
Although people want to point the finger at subprime mortgages, they are only part of the problem. The other problems were the banks, which were able to keep feeding the housing bubble and a certain mania that developed which convinced many people to think of their homes as an investment.

Look back at television shows during 2003-2008. Home improvement shows, house flipping, and house hunter shows were all over the tv. Most are gone now.

7 posted on 05/10/2010 4:29:59 PM PDT by grand wazoo
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To: grand wazoo

Those darn lazy homeowners! They bit off more than they can chew. The heck with them....

http://www.foreclosurehamlet.org

http://www.4closurefraud.org

http://www.livinglies.wordpress.com


8 posted on 05/10/2010 5:06:57 PM PDT by Chunga85 ("Foreclosure Fraud", TARP, "Mortgage Crisis", Bailout)
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To: grand wazoo

“which were able to keep feeding the housing bubble “

...through the Federal Reserve making “money” out of thin air to loan to banks for those mortgages. The Federal Reserve is the center of evil.


9 posted on 05/10/2010 5:08:20 PM PDT by CodeToad
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To: CodeToad
The Federal Reserve is the center of evil.

Agreed.

10 posted on 05/10/2010 5:11:35 PM PDT by grand wazoo
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To: grand wazoo
Adjustable Interest Rate Mortgages will continue to reset through 2012. These resets will trigger a steady flow of foreclosures.

Why won't resets at these low rates reduce mortgage payments and reduce the rate of foreclosures?

11 posted on 05/10/2010 5:16:34 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Are all of these ARM payments being reduced because of the lower mortgage rates?


12 posted on 05/10/2010 5:29:06 PM PDT by grand wazoo
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To: grand wazoo
Are all of these ARM payments being reduced because of the lower mortgage rates?

I don't know, but all these fear peddlers have been claiming for 3 or 4 years that all the ARMs will adjust up. I suspect they're wrong.

13 posted on 05/10/2010 5:31:56 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Man50D

We’ve built our economy by regulating labor supply. Government has mandated high unemployment through policies that make labor expensive.

It will take an awful lot of smart legislation to move our country as far right as it needs to go to reorient our nation toward job creation.

As things stands we will continue equalizing our living standard across the rest of the world. Better for them, but worse for us.

Regulation has to go.


14 posted on 05/10/2010 5:32:17 PM PDT by 1010RD (First Do No Harm)
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To: Toddsterpatriot
http://www.youtube.com/v/qF2pETYLrNE&hl=en_US&fs=1&
15 posted on 05/10/2010 5:33:53 PM PDT by Chunga85 ("Foreclosure Fraud", TARP, "Mortgage Crisis", Bailout)
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To: grand wazoo

I say it will take at least 10 more years.


16 posted on 05/10/2010 5:37:58 PM PDT by dalereed
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To: CommieCutter

It will end when the government gets out of the business.


17 posted on 05/10/2010 5:38:51 PM PDT by arthurus ("If you don't believe in shooting abortionists, don't shoot an abortionist." -Ann C.)
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To: Chunga85

What’s that? Besides a bad link I mean.


18 posted on 05/10/2010 5:40:16 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: grand wazoo

“The other problems were the banks, which were able to keep feeding the housing bubble and a certain mania that developed which convinced many people to think of their homes as an investment.”

Those programs etc. were forced on the banks by Congress, they had no choice!

If it had been left to the banks no one would have been able to buy a home for less than 20% down and have an income where no more than 30% of their net income had to be spent to cover the mortgage plus taxes and insurance.


19 posted on 05/10/2010 5:41:29 PM PDT by dalereed
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To: grand wazoo

“Are all of these ARM payments being reduced because of the lower mortgage rates?”

They are moving upward and the mortgage payments are increasing greatly.


20 posted on 05/10/2010 5:43:27 PM PDT by dalereed
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