Comments on: Who’s Got More Game, Plan

By: latif@debt management

latif@debt management — Fri, 26 Dec 2008 00:10:41 +0000

Mortgages at fixed rate sounds relief on part of borrower by elect Obama. Hopefully the crisis that was started from the mortgage industry will be fixed and so the other sectors as well.

By: JerseyGuy

JerseyGuy — Tue, 23 Dec 2008 15:15:13 +0000

So are you saying we allow these markets to crash and burn? like the real estate industry and auto? Well...Continental airlines filed BK and now look at them. Probably the most profitable airline out there. Not only to learn from Asia, but also from our own people. JerseyGuys last blog post..700 Grove

By: GO Zone

GO Zone — Tue, 10 Jun 2008 16:37:50 +0000

Well….this is a very interesting discussion. What do you suggest be done by our government to fix this? We are already helping the banks out big time, I think the banks should take the Fed’s suggestion and let people have principal reductions on their mortgages, this would help inventory since less foreclosures would hit the market, but for us to infuse tax dollars into this mess is foolish. Anything that props up the the false values of homes are foolish. We need to learn from Japan’s mistakes and let the markets take care of themselves.

By: NewHomesGuy

NewHomesGuy — Tue, 10 Jun 2008 15:21:18 +0000

You are right, we shouldn’t be punished for the people getting in over their heads. Nor should it be our responsibility to fix what these people did. But at the end of the day the fact remains that it did happen and we are all suffering because of it. So IMO it will be up to us to fix the problems that were created. I wish it weren’t so but I don’t see another way, do you?

By: GO Zone

GO Zone — Mon, 09 Jun 2008 22:11:31 +0000

While I feel for people who were lied to by mortgage brokers and bad agents, the majority of these foreclosures are from people who got in over their head. By either buying “too much house” or cash out refinances, and HELOCs. The majority of that money went to live above their means. Meanwhile the patient and prudent savers have been waiting for this correction to play out. Let’s let it play out. At the end of the day what’s wrong with renting? Especially when your monthly obligation could be cut in half.

By: NewHomesGuy

NewHomesGuy — Mon, 09 Jun 2008 16:34:36 +0000

I agree, however I think that a plan is necessary seeing that we are in a crunch. I read the other day that foreclosures are up almost 300% from last year.

By: GO-Zone

GO-Zone — Mon, 09 Jun 2008 00:08:49 +0000

I think the best plan is NO plan. The sooner this plays out and home prices better reflect wages the better off everybody will be.