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 Tue, 07 Oct 2008 18:00:39 +0000 http://wordpress.org/?v=2.6.1 By: Realtor SEO http://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: Matthew http://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 > Loan http://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: Visalia Homes for Sale http://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-51271 Visalia Homes for Sale Tue, 25 Sep 2007 15:24:39 +0000 http://www.biggerpockets.com/renewsblog/2007/09/21/housing-crisis-quote-of-the-day-from-alan-greenspan/#comment-51271 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. 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.

]]> By: Paid Survey Websites http://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 Curtis http://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 news http://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’

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