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Amherst Sees 7m Foreclosures Poised to Distress House Prices
Housing Wire ^
| 09/24/09
| DIANA GOLOBAY
Posted on 09/30/2009 10:45:33 PM PDT by TigerLikesRooster
click here to read article
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
2
posted on
09/30/2009 10:45:57 PM PDT
by
TigerLikesRooster
(LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
To: TigerLikesRooster
"the Administrations Making Home Affordable Modification Program (HAMP) will have no lasting effect on keeping delinquent loans current."Another $35 billion down the socialist rat hole.
Sad thing is, The Obammunist and every congress critter knew the Anherst info months ago.
This info has been in black and white at many government and independent web sites for a long time.
yitbos
3
posted on
09/30/2009 10:59:56 PM PDT
by
bruinbirdman
("Those who control language control minds.")
To: TigerLikesRooster
They need to shut up an pay their damn mortgage.
4
posted on
09/30/2009 11:07:07 PM PDT
by
trumandogz
(The Democrats are driving us to Socialism at 100 MPH -The GOP is driving us to Socialism at 97.5 MPH)
To: trumandogz
Re-fi re default rate = 70% within 12 months.
That just means they get another year's worth of subsidized rent on a single family dwelling.
yitbos
5
posted on
09/30/2009 11:13:50 PM PDT
by
bruinbirdman
("Those who control language control minds.")
To: trumandogz
They need to shut up an pay their damn mortgage.Why would they do that? That is certainly not something one with even two functioning brain cells would accept an obligation to do as a given.
The value of real estate is directly proportional to the real median individual income. That is not a new observation, any Belgian school economist will go on ad nauseum about it.
The banks and mortgage companies had every means to know the home prices they were giving loans on were vastly inflated - no innocent victims there. Some of the buyers, however, were simply inexperienced and naive.
If real estate prices free fall to the actual value, more people will be able to buy without crippling loans. Socialist schemes to prop up prices are never good in the long run.
6
posted on
09/30/2009 11:26:32 PM PDT
by
MrEdd
(Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
To: bruinbirdman
And yes, I am one of those people who were forecasting the housing bubble collapse. Simple very basic math.
Consider this your “I told you so.” for the evening.
7
posted on
09/30/2009 11:28:48 PM PDT
by
MrEdd
(Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
To: TigerLikesRooster
never saw this coming... oh wait, yes i did. october 1 on the dot
8
posted on
09/30/2009 11:41:57 PM PDT
by
sten
To: TigerLikesRooster
I don’t see what’s so distressing. Houses are still overpriced.
9
posted on
09/30/2009 11:42:55 PM PDT
by
Tempest
(I believe in the sanctity of life... As long as you can afford it.)
To: TigerLikesRooster
Makes me want to sell ....
10
posted on
09/30/2009 11:57:49 PM PDT
by
dennisw
(Free Republic is an island in a sea of zombies)
To: TigerLikesRooster
Maybe HAMP isn’t working because this administration is smoking too much HEMP!!
11
posted on
10/01/2009 12:21:49 AM PDT
by
2ndDivisionVet
(I will raise $2 million for Sarah Palin if she runs; What will you do?)
To: MrEdd
" I am one of those people who were forecasting the housing bubble collapse."I remember MrEdd's forcast at least back in 2006.
yitbos
12
posted on
10/01/2009 1:00:34 AM PDT
by
bruinbirdman
("Those who control language control minds.")
To: bruinbirdman
Right you are. The longer the Feds keep fooling around with this the longer it will take to clear up. Every foreclosed house will sell....at some price.
Let the free market work. Some people will be hurt financially, some will become very wealthy.
13
posted on
10/01/2009 3:46:57 AM PDT
by
Jimmy Valentine
(DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
To: bruinbirdman
The purpose isn’t to make things better: wealth transfer is the name of the political game.
14
posted on
10/01/2009 3:47:05 AM PDT
by
1010RD
(First Do No Harm)
To: Jimmy Valentine
It is like going in for a one hour surgery in only 1 minute intervals over sixty days. Anyone with half a brain cell could see that for the physical body it would be devastating, but for some reason economics is hard to understand.
15
posted on
10/01/2009 3:49:41 AM PDT
by
1010RD
(First Do No Harm)
To: 1010RD
"economics is hard to understand."
It is for Congress which is full of people who can't even balance their checkbook.
16
posted on
10/01/2009 3:57:13 AM PDT
by
Jimmy Valentine
(DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
To: TigerLikesRooster
And one reason these homes will sit unsold — 50 million potential homeowners aborted.
To: TigerLikesRooster
On what planet? None of this is affecting home prices in this part of Texas. What a joke.
18
posted on
10/01/2009 4:10:34 AM PDT
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: Jimmy Valentine
It is ironic. I meet liberals who truly believe that ideas which have to be enforced on the general public and have never worked in history will work this time if they get the right person.
Somehow, the default character of the average politician never lives up to the rhetoric.
That a free people would seek to be ruled by the political class, a group of people whose top skill is obsequiousness during elections and monarchical conceit afterward, completely blows my mind.
19
posted on
10/01/2009 4:20:43 AM PDT
by
1010RD
(First Do No Harm)
To: TigerLikesRooster
20
posted on
10/01/2009 6:31:47 AM PDT
by
preacher
(A government which robs from Peter to pay Paul will always have the support of Paul.)
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