Comments on: US Real Estate Crisis Causing Record Economic Distress http://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/ Learn, Network, Invest Sat, 11 Feb 2012 20:37:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: roberthttp://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-55992 robert Sun, 13 Apr 2008 02:10:33 +0000 http://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-55992 thisthe when are people aka the financial media going to realize that the realestate and mortgage scam of the last few years is over.i have been in the stock market for 37 years.there has never been such an accross the board increase in real estate prices in this country as in this artificial scam created by the new york banks and alan greenspan.by totallydoing away with any standards such as doyou have a job and literally giving away mortgages to any one .they created an artificial demand for housing.as the old saying says you can't give away $500000.00 mortgages to people making 30k a year.now that the banks shot themselves in the foot with their own greed.prices unfortunatloy for the poor dummies who bought intt the media hype and hysteria we now have prices reaching some what nomal levels.housing will now retun to its nomal plain vanilla levels.accept it .financial media and stop perpetrating the fraud that this thing will come backthe scam is over housing stocks will just drift inti the abyss.just as the dotcoms.and housing will then do mtheir normal 8 to 10% per year,and congress will evetually go aftyer the dirtbag bankers who made tons of money. thisthe when are people aka the financial media going to realize that the realestate and mortgage scam of the last few years is over.i have been in the stock market for 37 years.there has never been such an accross the board increase in real estate prices in this country as in this artificial scam created by the new york banks and alan greenspan.by totallydoing away with any standards such as doyou have a job and literally giving away mortgages to any one .they created an artificial demand for housing.as the old saying says you can’t give away $500000.00 mortgages to people making 30k a year.now that the banks shot themselves in the foot with their own greed.prices unfortunatloy for the poor dummies who bought intt the media hype and hysteria we now have prices reaching some what nomal levels.housing will now retun to its nomal plain vanilla levels.accept it .financial media and stop perpetrating the fraud that this thing will come backthe scam is over housing stocks will just drift inti the abyss.just as the dotcoms.and housing will then do mtheir normal 8 to 10% per year,and congress
will evetually go aftyer the dirtbag bankers who made tons of money.

]]> By: celebrity forumhttp://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-55782 celebrity forum Sat, 05 Apr 2008 09:46:13 +0000 http://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-55782 This is a major problem. Michigan has non-local banks that are making it overly difficult to close loans. But it can be reduced. This is a major problem. Michigan has non-local banks that are making it overly difficult to close loans. But it can be reduced.

]]> By: Louhttp://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54934 Lou Fri, 29 Feb 2008 20:17:29 +0000 http://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54934 It's easy to point the finger at different causes why we are in the financial condition we are in, but maybe it has a lot to do with us and our wanting to live at a higher level then we can afford It’s easy to point the finger at different causes why we are in the financial condition we are in, but maybe it has a lot to do with us and our wanting to live at a higher level then we can afford

]]> By: Expathttp://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54928 Expat Fri, 29 Feb 2008 14:08:37 +0000 http://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54928 US Economy is related with all over the worlds economy.. So it can be said that, US Real Estate Crisis Caused Worlds Economic Distress. Don't u think so? US Economy is related with all over the worlds economy.. So it can be said that, US Real Estate Crisis Caused Worlds Economic Distress.
Don’t u think so?

]]> By: Sarasota FLhttp://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54925 Sarasota FL Fri, 29 Feb 2008 13:25:30 +0000 http://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54925 I think in future the thins are gonna more bad.This is like a third world.What is the step to come up from this crisis? I think in future the thins are gonna more bad.This is like a third world.What is the step to come up from this crisis?

]]> By: West Toronto Realtorhttp://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54919 West Toronto Realtor Fri, 29 Feb 2008 10:06:59 +0000 http://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54919 As a West Toronto Realtor I´m observing the situation on the U.S. and also Canadian market and I think, that in some areas of U.S. the housing crisis has almost ended.I have some clients, who are interested in buying a retirement or just a holiday house in some areas of U.S. and I think it will help to revive the real estate market. So it´s profitable for both sites, as Canadians bring new purchasing power to the U.S. market and for Canadians it´s a great purchase because of the weak dollar. As a West Toronto Realtor I´m observing the situation on the U.S. and also Canadian market and I think, that in some areas of U.S. the housing crisis has almost ended.

I have some clients, who are interested in buying a retirement or just a holiday house in some areas of U.S. and I think it will help to revive the real estate market. So it´s profitable for both sites, as Canadians bring new purchasing power to the U.S. market and for Canadians it´s a great purchase because of the weak dollar.

]]> By: charles feldmanhttp://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54912 charles feldman Thu, 28 Feb 2008 22:12:29 +0000 http://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54912 The real problem, in my view, is none of the "experts" seem to really know what to do. Fighting both a possible recession and inflation--stagflation--at the same time is a difficult task. You are damned if you do and damned if you don't!I haven't heard a single really good plan yet!Has anyone?? The real problem, in my view, is none of the “experts” seem to really know what to do. Fighting both a possible recession and inflation–stagflation–at the same time is a difficult task. You are damned if you do and damned if you don’t!

I haven’t heard a single really good plan yet!

Has anyone??

]]> By: Rick Marnon, Novihttp://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54901 Rick Marnon, Novi Thu, 28 Feb 2008 13:34:33 +0000 http://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54901 This is a major problem. Michigan has non-local banks that are making it overly difficult to close loans. Investors are worried about how bad our market is right now, and with there being no end in sight this could make it even worse for agents to get things done. This is a major problem. Michigan has non-local banks that are making it overly difficult to close loans. Investors are worried about how bad our market is right now, and with there being no end in sight this could make it even worse for agents to get things done.

]]> By: morocco propertyhttp://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54899 morocco property Thu, 28 Feb 2008 13:02:29 +0000 http://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54899 Nice artical. Depicting economical facts in easy way. Thanks for effort. Nice artical. Depicting economical facts in easy way. Thanks for effort.

]]> By: Mickihttp://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54891 Micki Thu, 28 Feb 2008 07:10:38 +0000 http://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54891 I do not know about that.This article looks like very interesting.Waiting for updating. I do not know about that.This article looks like very interesting.Waiting for updating.

]]> By: North Reading Real Estatehttp://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54889 North Reading Real Estate Thu, 28 Feb 2008 04:52:13 +0000 http://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54889 I think a big issue is the jumbo rate spreads being so high right now compared to a few years ago. If this was the spread when I bought my home, well I could not buy it. I think a big issue is the jumbo rate spreads being so high right now compared to a few years ago. If this was the spread when I bought my home, well I could not buy it.

]]> By: James Orrhttp://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54885 James Orr Thu, 28 Feb 2008 02:51:55 +0000 http://www.biggerpockets.com/renewsblog/2008/02/27/us-real-estate-crisis-causing-record-economic-distress/#comment-54885 I think we still have some bottoming out to go. There are still a lot of home owners that need to deal with their funky loans.James I think we still have some bottoming out to go. There are still a lot of home owners that need to deal with their funky loans.

James

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