Comments on: The Mortgage Crisis: Watch Out For The BIG Wave http://www.biggerpockets.com/renewsblog/2008/08/05/the-mortgage-crisis-watch-out-for-the-big-wave/ Learn, Network, Invest Sat, 11 Feb 2012 16:57:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: London Estate Agenthttp://www.biggerpockets.com/renewsblog/2008/08/05/the-mortgage-crisis-watch-out-for-the-big-wave/#comment-59193 London Estate Agent Sat, 09 Aug 2008 01:00:59 +0000 http://www.biggerpockets.com/renewsblog/?p=1146#comment-59193 In the UK repossesions are up 50%, new mortgages are down 70% and the middle classes are starting to suffer with increased mortgage debts.It's not easy. In the UK repossesions are up 50%, new mortgages are down 70% and the middle classes are starting to suffer with increased mortgage debts.

It’s not easy.

]]> By: Santa Barbara Real Estate Voicehttp://www.biggerpockets.com/renewsblog/2008/08/05/the-mortgage-crisis-watch-out-for-the-big-wave/#comment-59126 Santa Barbara Real Estate Voice Thu, 07 Aug 2008 21:13:47 +0000 http://www.biggerpockets.com/renewsblog/?p=1146#comment-59126 WOW!!! These articles are scary. We are even seeing our share of some foreclosures and short sales here in Santa Barbara CA and we are a pretty affluent area. I am sure in many areas it is much scarier. Hopefully it will not turn out to be as bad as presumed in this article. WOW!!! These articles are scary. We are even seeing our share of some foreclosures and short sales here in Santa Barbara CA and we are a pretty affluent area. I am sure in many areas it is much scarier. Hopefully it will not turn out to be as bad as presumed in this article.

]]> By: Nadinehttp://www.biggerpockets.com/renewsblog/2008/08/05/the-mortgage-crisis-watch-out-for-the-big-wave/#comment-59092 Nadine Thu, 07 Aug 2008 10:11:30 +0000 http://www.biggerpockets.com/renewsblog/?p=1146#comment-59092 I don't know what to say...This hard and long crisis has just begun. We all believe that there always be rainbow after the storm. But the question is who will be able to survive and see the rainbow... I don’t know what to say…This hard and long crisis has just begun. We all believe that there always be rainbow after the storm. But the question is who will be able to survive and see the rainbow…

]]> By: Dylan Darlinghttp://www.biggerpockets.com/renewsblog/2008/08/05/the-mortgage-crisis-watch-out-for-the-big-wave/#comment-59078 Dylan Darling Wed, 06 Aug 2008 22:07:34 +0000 http://www.biggerpockets.com/renewsblog/?p=1146#comment-59078 The government is "trying" to help bail out the housing chrisis, but it won't work if people can't get loans. The lending industry is changing to rapidly. I mean, they need to reform, but the average middle class citizen still needs to be able to qualify for a loan.We'll be visiting this topic for a while. The government is “trying” to help bail out the housing chrisis, but it won’t work if people can’t get loans. The lending industry is changing to rapidly. I mean, they need to reform, but the average middle class citizen still needs to be able to qualify for a loan.

We’ll be visiting this topic for a while.

]]> By: Austin REALTOR Sam Chapmanhttp://www.biggerpockets.com/renewsblog/2008/08/05/the-mortgage-crisis-watch-out-for-the-big-wave/#comment-59075 Austin REALTOR Sam Chapman Wed, 06 Aug 2008 17:12:43 +0000 http://www.biggerpockets.com/renewsblog/?p=1146#comment-59075 It reminds me of the tsunami that hit in the Indian Ocean a couple of years ago. It wasn't so much the height of the wave, but the sheer volume of water sucking just about everything out to see. And it didn't happen like in the moview with a giant wave crashing ashore in a matter of seconds. It is a bit more slow and a lot more painful to watch. It reminds me of the tsunami that hit in the Indian Ocean a couple of years ago. It wasn’t so much the height of the wave, but the sheer volume of water sucking just about everything out to see. And it didn’t happen like in the moview with a giant wave crashing ashore in a matter of seconds. It is a bit more slow and a lot more painful to watch.

]]> By: Mike Taylorhttp://www.biggerpockets.com/renewsblog/2008/08/05/the-mortgage-crisis-watch-out-for-the-big-wave/#comment-59068 Mike Taylor Wed, 06 Aug 2008 11:28:27 +0000 http://www.biggerpockets.com/renewsblog/?p=1146#comment-59068 That does make my skin crawl. Good God I really hope that is not true. With the war, gas prices, inflation and the mortgage crisis I am not sure how much more our economy can take. That does make my skin crawl. Good God I really hope that is not true. With the war, gas prices, inflation and the mortgage crisis I am not sure how much more our economy can take.

]]> By: Soho Estate Agenthttp://www.biggerpockets.com/renewsblog/2008/08/05/the-mortgage-crisis-watch-out-for-the-big-wave/#comment-59059 Soho Estate Agent Wed, 06 Aug 2008 04:25:55 +0000 http://www.biggerpockets.com/renewsblog/?p=1146#comment-59059 And after that they are talking about the credit card debt that has been built up by people paying mortgages. The banks have parcelled up and sold on this debt. What's going to happen when people stop paying. It's easy to throw your credit card away. And after that they are talking about the credit card debt that has been built up by people paying mortgages. The banks have parcelled up and sold on this debt. What’s going to happen when people stop paying. It’s easy to throw your credit card away.

]]> By: St. George Rentalshttp://www.biggerpockets.com/renewsblog/2008/08/05/the-mortgage-crisis-watch-out-for-the-big-wave/#comment-59055 St. George Rentals Tue, 05 Aug 2008 18:03:54 +0000 http://www.biggerpockets.com/renewsblog/?p=1146#comment-59055 Everything is going up and I hate it. Milk, gas, candy bars, and especially housing. The mortgage crisis will have to go up the way people are struggling. Everything is going up and I hate it. Milk, gas, candy bars, and especially housing. The mortgage crisis will have to go up the way people are struggling.

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