Comments on: Bond Giant Bill Gross Tells Treasury To Get Out Their Checkbook http://www.biggerpockets.com/renewsblog/2008/09/06/bond-giant-bill-gross-tells-treasury-to-get-out-their-checkbook/ Learn, Network, Invest Sun, 22 Nov 2009 10:53:57 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Rob K. Blake http://www.biggerpockets.com/renewsblog/2008/09/06/bond-giant-bill-gross-tells-treasury-to-get-out-their-checkbook/comment-page-1/#comment-59851 Rob K. Blake Sat, 06 Sep 2008 23:21:43 +0000 http://www.biggerpockets.com/renewsblog/?p=1298#comment-59851 jdj, Gross's point wasn't "should govt money go to home owners and support the home prices" vs. do nothing. Gross's point was the govt is going to bailout the housing market with hundreds of billions sooner or later....and giving it directly to the home owners is better than giving it to Fannie and Freddie and Bank of America. And I agree... Answer this question to get the point another way: <b>Why shore up the loan instead of the home when shoring up the home shores up them both?</b> Also, do you really think that Orange County real home values 10 years from now won't be higher than they are today? Gross knows the answer to that one and I do too. jdj,

Gross’s point wasn’t “should govt money go to home owners and support the home prices” vs. do nothing.

Gross’s point was the govt is going to bailout the housing market with hundreds of billions sooner or later….and giving it directly to the home owners is better than giving it to Fannie and Freddie and Bank of America.

And I agree…

Answer this question to get the point another way:

Why shore up the loan instead of the home when shoring up the home shores up them both?

Also, do you really think that Orange County real home values 10 years from now won’t be higher than they are today?

Gross knows the answer to that one and I do too.

]]> By: jdj http://www.biggerpockets.com/renewsblog/2008/09/06/bond-giant-bill-gross-tells-treasury-to-get-out-their-checkbook/comment-page-1/#comment-59850 jdj Sat, 06 Sep 2008 22:54:43 +0000 http://www.biggerpockets.com/renewsblog/?p=1298#comment-59850 I don't see how artificially trying to keep unaffordable house prices high will help in the the long run. If people can't afford homes now, due to unsustainable bubble years appreciation -- and that' is exactly the case in Los Angeles -- how does it help to try and sustain those prices as the unemployment rate crosses 6%. I don’t see how artificially trying to keep unaffordable house prices high will help in the the long run. If people can’t afford homes now, due to unsustainable bubble years appreciation — and that’ is exactly the case in Los Angeles — how does it help to try and sustain those prices as the unemployment rate crosses 6%.

]]>