Comments on: The Sky is Falling . . . We’re Watching and We’re Not Going to Do Anything About It

By: Sean Butler

Sean Butler — Thu, 09 Jul 2009 18:22:50 +0000

“Real estate will be a good investment if the sky is really falling.”

yeah, so the sky wont fall on ur head…lol

By: Jackson Hole Restaurants

Jackson Hole Restaurants — Fri, 12 Sep 2008 14:28:46 +0000

If the sky is falling, then we will be more concerned about what to eat than anything else. Real estate will be a good investment if the sky is really falling. Plus..think of all the great opportunities out there.

By: Jackson Hole real estate blogger

Jackson Hole real estate blogger — Tue, 08 Jul 2008 22:51:42 +0000

This is not a new thing. I am realestate broker in my late 30′s and i can remember vividly my father talking about people with “upside down” mortgages in the early 80′s. I also remember how hard my first loan was to get in the early 90′s compared to being able to walk in and get almost any number last year.
I deffinately could have borrowed more than I could pay back.
Cheer’s

By: Glenn - Commercial Mortgage Loans - MasterPlan Capital LLC

Glenn - Commercial Mortgage Loans - MasterPlan Capital LLC — Mon, 07 Jul 2008 03:55:08 +0000

There is plenty of blame to go around.
Investors know that there were as many “predatory” borrowers as there were lenders.

By: Tom Koziol

Tom Koziol — Sun, 06 Jul 2008 13:45:53 +0000

Yes, the borrowers should take the time to read what they are signing and ask questions about what they don’t understand. Unfortunately, they are too pre-occupied with obtaining the property to learn exactly what that property will actually cost them.

By: Zane Waltz

Zane Waltz — Sun, 06 Jul 2008 06:29:12 +0000

Good article. The problem is two-fold. First is the fact that MBA schools spend all their time teaching busness leaders how to make money instead of how to be honest and make the world a better place.

The second problem is that the borrowers don’t take the time read what they sign. They are too trusting and do bear at least as much responsibiltiy as those who foisted the loans upon them.

By: Daniel Zárate

Daniel Zárate — Sat, 05 Jul 2008 16:17:01 +0000

Very very true

By: Tom Koziol

Tom Koziol — Sat, 05 Jul 2008 16:13:33 +0000

Karen,

Believe it or not, the U.S. has the strictest lending laws known to mankind. The problem isn’t the laws, it is the guvmint overseers. They are all political animals and as their boss goes, so go they if you know what I mean.

All of the laws in the world are worthless without proper enforcement. At least I think so.

By: Karen

Karen — Sat, 05 Jul 2008 16:02:59 +0000

That is why some countries have made laws about recless lending. As an example in South Africa since the 1 of July 2007 all financial institutions are obligated to follow some process and they are not allowed to lend carelessly. Irrespective if this is to home loans, car loans or credit cards.

The second that the law came out, which is called the NCA (National Credit Act) everyone was crying.

By: lap band

lap band — Fri, 04 Jul 2008 07:01:26 +0000

It is hard to believe many existed as the problem certainly had its ugly head above water level. But it has a concerned value.

By: Nadine

Nadine — Fri, 04 Jul 2008 04:06:32 +0000

Loan business is just like drugs business. Getting money by giving peoples fake pleasure which in turn bring them to big problems.