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Housing Meltdown
Mortgage tougher to get. Banks tighten on jumbo loans
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Self certification mortgages with no checks equal liar loans
a 30 year $5244/month loan for $750k? WTF. You would need an annual after tax income of 63k. Plus you have all the other living expenses. No one in their freaking mind would lock themselves for 30yrs in which time they could be laid off etc. Unless you’re wealthy, $750k loans need to be banned. U might as well be a predator lender or loan shark.
No, the bail out bill gives the authority to reduce principle. what that means is some very wealthy people will get their mortgages reduced and you will pay for it. Or should I say your children and grandchildren will.
never trust news saying “Price reduce” the price is only reduce is what you not pay for. you pay higher than bankruptcy.
i’m not spending a fuck’n penny!
Buy now or you’ll be priced out. Real estate NEVER goes down, only up!
These people ought to be punished for what they’ve done….
(snif) (snif) Poor rich people in San Fransissy, Gonna loose a little bit of money this year. I guess they will have to forego the bath houses for a couple weekends.
you people should figure out where all your gold went to and who exactly took it and get it back.
buyers market……….yeah right
A buyer’s market?! Come on, it cost half a mil for a one bedroom apartment in San Fran.
I think people in this country have lost their minds.
The Financial Companies took everybody for a ride. On the other hand, people are stupid for paying too much and not working out the true cost of re-payments. And your Govt will bail out the crooks. Happened before, will happen again. Wait for few more mths before buying. The shit is still flying at the fan…
lol it’s always a “great time to buy” for these morons. Don’t be a moron. We’ve got 15-18 months left to go before we hit bottom!
Ooops, I did not realize you were poking fun at the Warren the Rosy Realtor.
Yeah, go buy and hurry. I need my commission check so I can pay my jumbo loan. LOL!!!
Um, probably not the best idea at this point. I need a new car, but I am waiting because I do not want the debt.
The debt is what enslaves all of us. Look what is happening to people right now.
Stay on the fence or you will regret it. This is far from over.
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The markets are scared. The investors are scared. And hedge funds are very, very scared. Good riddance.
get off the fence, get out there and buy a home before the prices fall any more, buyer’s market lol
I love that logic, “there’s lots of good properties out there in part because of all the people defaulting on their loans…” Oh yes see how attracted I am to the property that bankrupted the previous owner.
Thanks for postin!