Comments on: Housing Crisis Quote of the Day from Alan Greenspan http://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/ Learn, Network, Invest Sat, 11 Feb 2012 20:37:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Beauhttp://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-83163 Beau Fri, 21 May 2010 21:20:49 +0000 http://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-83163 It is always interesting to come across older posts like this. Looking back, and reading what Greenspan said, makes him look pretty short sighted. It just goes to show you even the smartest guys get it wrong sometimes It is always interesting to come across older posts like this. Looking back, and reading what Greenspan said, makes him look pretty short sighted. It just goes to show you even the smartest guys get it wrong sometimes

]]> By: Realtor SEOhttp://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-51459 Realtor SEO Thu, 04 Oct 2007 01:24:51 +0000 http://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-51459 Thats perfect! More great news, just keep it coming. Luckly I dont believe Greenspan :) Thats perfect! More great news, just keep it coming. Luckly I dont believe Greenspan :)

]]> By: Matthewhttp://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-51382 Matthew Sun, 30 Sep 2007 23:26:34 +0000 http://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-51382 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 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

]]> By: Mortgage > Loanhttp://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-51286 Mortgage > Loan Thu, 27 Sep 2007 01:53:59 +0000 http://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-51286 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. 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.

]]> By: Paid Survey Websiteshttp://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-51268 Paid Survey Websites Tue, 25 Sep 2007 14:27:58 +0000 http://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-51268 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. 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.

]]> By: Kim Curtishttp://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-51264 Kim Curtis Mon, 24 Sep 2007 23:05:17 +0000 http://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-51264 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 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

]]> By: Investing newshttp://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-51261 Investing news Mon, 24 Sep 2007 18:37:32 +0000 http://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-51261 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' 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’

]]> By: The Feed Bag - Mo’ Money Ehhttp://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-51242 The Feed Bag - Mo’ Money Eh Sat, 22 Sep 2007 00:15:53 +0000 http://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-51242 [...] Dorkin collects a great Alan Greenspan quote. [...] [...] Dorkin collects a great Alan Greenspan quote. [...]

]]> By: Athol Kayhttp://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-51241 Athol Kay Fri, 21 Sep 2007 23:02:22 +0000 http://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-51241 How long and how low is the question now. How long and how low is the question now.

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