Comments on: Ranks of the Homeless Grows http://www.biggerpockets.com/renewsblog/2007/11/01/ranks-of-the-homeless-grows/ Learn, Network, Invest Sun, 22 Nov 2009 10:53:57 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Money Blurbs http://www.biggerpockets.com/renewsblog/2007/11/01/ranks-of-the-homeless-grows/comment-page-1/#comment-52003 Money Blurbs Sat, 03 Nov 2007 23:30:45 +0000 http://www.biggerpockets.com/renewsblog/2007/11/01/ranks-of-the-homeless-grows/#comment-52003 I don't know why people still think about outsourcing is the problem. Outsourcing actually brings value with the added benefit of cost advantage. I don’t know why people still think about outsourcing is the problem. Outsourcing actually brings value with the added benefit of cost advantage.

]]> By: Dan http://www.biggerpockets.com/renewsblog/2007/11/01/ranks-of-the-homeless-grows/comment-page-1/#comment-52000 Dan Sat, 03 Nov 2007 16:21:07 +0000 http://www.biggerpockets.com/renewsblog/2007/11/01/ranks-of-the-homeless-grows/#comment-52000 A large percentage of these foreclosures are not because they lost their jobs due to outsourcing. In fact outsourcing and affect on US jobs is another debate. It is because for the last 5 years, mortgage companies have taken advantage of locking people in to very low ARM loans. Unfortunately, the American way is to live above our means. Once the interest rate increased for these low ARMs, people could no longer afford to make their mortgage payments and had to default. A large percentage of these foreclosures are not because they lost their jobs due to outsourcing. In fact outsourcing and affect on US jobs is another debate.

It is because for the last 5 years, mortgage companies have taken advantage of locking people in to very low ARM loans. Unfortunately, the American way is to live above our means. Once the interest rate increased for these low ARMs, people could no longer afford to make their mortgage payments and had to default.

]]> By: Ryan Ward http://www.biggerpockets.com/renewsblog/2007/11/01/ranks-of-the-homeless-grows/comment-page-1/#comment-51996 Ryan Ward Sat, 03 Nov 2007 03:01:19 +0000 http://www.biggerpockets.com/renewsblog/2007/11/01/ranks-of-the-homeless-grows/#comment-51996 I think it depends on who wins the election. The White House could be next:-) I think it depends on who wins the election. The White House could be next:-)

]]> By: Short Sale Attorney Miami Florida http://www.biggerpockets.com/renewsblog/2007/11/01/ranks-of-the-homeless-grows/comment-page-1/#comment-51992 Short Sale Attorney Miami Florida Fri, 02 Nov 2007 16:56:42 +0000 http://www.biggerpockets.com/renewsblog/2007/11/01/ranks-of-the-homeless-grows/#comment-51992 There needs to be some acceptable standard of what banks will lend to people, because unfortunately, if given the option, people will generally borrow more than they can afford. Lenders gave a lot of loans at 100% ltv when property was priced at its peak a year or two ago, which should have made no sense from a lender's point of view. Now, of course, those are the loans in default as rates adjust and values depress. There needs to be some acceptable standard of what banks will lend to people, because unfortunately, if given the option, people will generally borrow more than they can afford. Lenders gave a lot of loans at 100% ltv when property was priced at its peak a year or two ago, which should have made no sense from a lender’s point of view. Now, of course, those are the loans in default as rates adjust and values depress.

]]> By: Dallas Bienes Raices http://www.biggerpockets.com/renewsblog/2007/11/01/ranks-of-the-homeless-grows/comment-page-1/#comment-51974 Dallas Bienes Raices Thu, 01 Nov 2007 17:11:58 +0000 http://www.biggerpockets.com/renewsblog/2007/11/01/ranks-of-the-homeless-grows/#comment-51974 Im in Texas, Im glad our market isnt as bad as some. Im in Texas, Im glad our market isnt as bad as some.

]]> By: property for pennies http://www.biggerpockets.com/renewsblog/2007/11/01/ranks-of-the-homeless-grows/comment-page-1/#comment-51973 property for pennies Thu, 01 Nov 2007 16:43:04 +0000 http://www.biggerpockets.com/renewsblog/2007/11/01/ranks-of-the-homeless-grows/#comment-51973 education is the answer, not outsourcing. educate people and train them for new positions. education is the answer, not outsourcing. educate people and train them for new positions.

]]> By: Rick Marnon, Howell http://www.biggerpockets.com/renewsblog/2007/11/01/ranks-of-the-homeless-grows/comment-page-1/#comment-51972 Rick Marnon, Howell Thu, 01 Nov 2007 15:44:38 +0000 http://www.biggerpockets.com/renewsblog/2007/11/01/ranks-of-the-homeless-grows/#comment-51972 The numbers are out of control. We need to do something to fix this problem. Can anybody say it's time to stop outsourcing jobs, and keep them here so that we can buy our own products. Keep jobs here and we wouldn't have to worry about people losing homes, and not being able to afford the things that we have available to purchase, whether it be products or services. The numbers are out of control. We need to do something to fix this problem. Can anybody say it’s time to stop outsourcing jobs, and keep them here so that we can buy our own products. Keep jobs here and we wouldn’t have to worry about people losing homes, and not being able to afford the things that we have available to purchase, whether it be products or services.

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