Housing Crisis Quote of the Day from Alan Greenspan

10 Responses

Comments

1. Athol Kay September 21st, 2007 at 3:02 pm 1

   How long and how low is the question now.

2. Visalia Homes for Sale September 23rd, 2007 at 5:21 pm 2

   Well I can’t say this is news to many…I agree with the above comment. How long & how low will it go. Let’s do the Real Estate limbo!

3. Investing news September 24th, 2007 at 10:37 am 3

   well, i like how alan is a straight shooter; at least he doesn’t try to pull the wool over the publics eyes, by making broad, sweeping statements about how well the US economy is doing, like some people. hint: middle name starts with ‘W’

4. Kim Curtis September 24th, 2007 at 3:05 pm 4

   I agree that we still have some room to go (down that is) but I also find it very interesting that despite an estimated 40,000 foreclosures in Southern California this year, prices are holding pretty steady.

   Without question, some areas were overbuilt and over-inflated and they are taking it in the shorts. However, other areas are seeing a huge rise in foreclosures but the prices are not going down much at all.

   My belief is that this time it is different. In past foreclosure markets the banks held the paper and therefore had no choice but to discount until they were off the books. This time, the paper is held in Mortgage Backed Securities owned by Funds and Foreigners.

   I just read a statistic where 2-1 foreclosures are being held for investment (rented out) vs. being sold as REO or auctioned.

   Very interesting times indeed.

   Kim Curtis
   California Mortgage Loan

5. Paid Survey Websites September 25th, 2007 at 6:27 am 5

   I think we’ve known for several years that this was coming, it was just a matter of time. Now that the “bubble” is starting to deflate the question is how fast and how far. People will remain in denial for some time, but eventually we we see significant decreases in some areas I believe.

6. Visalia Homes for Sale September 25th, 2007 at 7:24 am 6

   We are in one of those places in California that has alot of new building and the resale value surprisingly hasn’t gone down a whole lot. To be honest, I suspected it would have dropped more, given the whole “Sky is falling” scenario forced on the public by the media. I’m sure the prices will drop more without a doubt, but hopefully not as dramatically as the media would like people to believe.

7. Mortgage > Loan September 26th, 2007 at 5:53 pm 7

   Finding remortgage quote is the best probable connected where you will find a lot of engaged in press forward remortgage quote with cut-rate rates since their company in large quantity results in tough competition.

8. Matthew September 30th, 2007 at 3:26 pm 8

   Luckily, Charlotte hasn’t faced a lot of the problems that the rest of the country has…and there’s a great amount of investment opportunities available whether you live there or not. Below is a blog I follow which explains what’s going on there…pretty kewl…

   http://charlotterealestateinvesting.blogspot.com/2007/09/charlotte-real-estate-market-continues.html

9. Realtor SEO October 3rd, 2007 at 5:24 pm 9

   Thats perfect! More great news, just keep it coming. Luckly I dont believe Greenspan

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