Comments on: How I can fix the mortgage mess http://www.biggerpockets.com/renewsblog/2008/01/31/how-i-can-fix-the-mortgage-mess/ Learn, Network, Invest Tue, 24 Nov 2009 06:18:45 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Jerry from NC http://www.biggerpockets.com/renewsblog/2008/01/31/how-i-can-fix-the-mortgage-mess/comment-page-1/#comment-54284 Jerry from NC Sun, 03 Feb 2008 17:41:01 +0000 http://www.biggerpockets.com/renewsblog/2008/01/31/how-i-can-fix-the-mortgage-mess/#comment-54284 I also agree that first time buyer education is very important. First timers must realize that they can not have their "dream home" immediately. They need to save up some money and have reliable income before purchasing a house. I also agree that first time buyer education is very important. First timers must realize that they can not have their “dream home” immediately. They need to save up some money and have reliable income before purchasing a house.

]]> By: Joe http://www.biggerpockets.com/renewsblog/2008/01/31/how-i-can-fix-the-mortgage-mess/comment-page-1/#comment-54202 Joe Fri, 01 Feb 2008 02:42:44 +0000 http://www.biggerpockets.com/renewsblog/2008/01/31/how-i-can-fix-the-mortgage-mess/#comment-54202 A first time home buyer's education class is a really, really good idea. Perhaps it is too good of an idea for it to ever be implemented. A first time home buyer’s education class is a really, really good idea. Perhaps it is too good of an idea for it to ever be implemented.

]]> By: Stocks http://www.biggerpockets.com/renewsblog/2008/01/31/how-i-can-fix-the-mortgage-mess/comment-page-1/#comment-54201 Stocks Fri, 01 Feb 2008 02:40:56 +0000 http://www.biggerpockets.com/renewsblog/2008/01/31/how-i-can-fix-the-mortgage-mess/#comment-54201 You make some good points, but it's easier said than done. You make some good points, but it’s easier said than done.

]]> By: Jay Skinner http://www.biggerpockets.com/renewsblog/2008/01/31/how-i-can-fix-the-mortgage-mess/comment-page-1/#comment-54198 Jay Skinner Fri, 01 Feb 2008 01:28:59 +0000 http://www.biggerpockets.com/renewsblog/2008/01/31/how-i-can-fix-the-mortgage-mess/#comment-54198 I agree that the interest rates should go down back to 1%. This will help to fix the mortgage crisis. I think that part of the problem is that federal reserve bank raised the interest rates to fast, a quarter point every time the meet. They should bring the rates down and when is time to bring the rate up, do it gradually. I agree that the interest rates should go down back to 1%. This will help to fix the mortgage crisis. I think that part of the problem is that federal reserve bank raised the interest rates to fast, a quarter point every time the meet. They should bring the rates down and when is time to bring the rate up, do it gradually.

]]> By: Inverlochy John http://www.biggerpockets.com/renewsblog/2008/01/31/how-i-can-fix-the-mortgage-mess/comment-page-1/#comment-54197 Inverlochy John Fri, 01 Feb 2008 01:12:48 +0000 http://www.biggerpockets.com/renewsblog/2008/01/31/how-i-can-fix-the-mortgage-mess/#comment-54197 Lowering the interest rates further? Sure you can fuel SOME domestic spending with lower interest rates. BUT, you lose the big money players who will stick their investments in .eu, where the rates are higher. There's a point where slashing interest rates loses more than it gains - and sub-4% is that region. I'd rather see some government incentives for rehabilitating aging neighbourhoods, creating owners instead of slumlords. Sure, worrying about new home buyers is important as well... but there's more than one way of keeping buyers making mortgage payments. Lowering the interest rates further? Sure you can fuel SOME domestic spending with lower interest rates. BUT, you lose the big money players who will stick their investments in .eu, where the rates are higher. There’s a point where slashing interest rates loses more than it gains – and sub-4% is that region.

I’d rather see some government incentives for rehabilitating aging neighbourhoods, creating owners instead of slumlords. Sure, worrying about new home buyers is important as well… but there’s more than one way of keeping buyers making mortgage payments.

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