tag:blogger.com,1999:blog-2335748440449035592.post9068645929744720033..comments2008-12-08T14:20:24.097-05:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2335748440449035592.post-213675991736237172008-12-08T14:20:00.000-05:002008-12-08T14:20:00.000-05:00nos,<BR/>thats the sick thing of it all - while it sucks for current homeowners (i'm one) to see values go down, it would be better for the society. Lower housing costs for all would allow more money to be spent elsewhere, or gasp "saved".<BR/><BR/>Propping up home prices is a bad idea - it should go where it should go, and it would allow to have a much lower cost for rent over their head. If in theory all prices in homes dropped 30% it would be a terrible 1x adjustment and then it would be a benefit for everyone.<BR/><BR/>We seem to have a policy the past 20 years or since Greenspan came on the scene where economic cycles are not allowed to happen anymore. Which leads to bigger fires. <BR/><BR/>It's as if the American people cannot be told the truth anymore (government statistics) nor allowed to suffer consequences of the business cycle. However, they can foot the bill for excesses. <BR/><BR/>PAssionate, I put a lot of posts like that last year and this last winter and spring - you can click on the "housing bust" label to see a bevy of warnings back in the day. It's old news. Plus, the government will stop it all and make all mortgage 4.5% fixed so please don't worry - the government is here to save you.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-89744755907553658762008-12-08T14:01:00.000-05:002008-12-08T14:01:00.000-05:00I do not know why he was so surprised. The govt is trying to keep people in homes that they cannot possibly afford. These people need to be renters, not homeowners. The money saved from the difference between a house payment and a rent payment could be used more effectively, perhaps to (gasp) pay back debt!nosajiohttp://nosajio.wordpress.com/noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-75707544572622886752008-12-08T13:50:00.000-05:002008-12-08T13:50:00.000-05:00Thought an intersting article about home loan reset in 2009.<BR/><BR/>http://tinyurl.com/4hoohuPassionate Investorhttp://www.blogger.com/profile/13667970151880837018noreply@blogger.com