Comments on: "Delaying The Inevitable" http://housingdoom.com/2008/10/29/delaying-the-inevitable/ Thu, 24 May 2012 01:57:19 +0000 hourly 1 http://wordpress.org/?v= By: twist http://housingdoom.com/2008/10/29/delaying-the-inevitable/#comment-14635 twist Fri, 31 Oct 2008 00:33:18 +0000 http://housingdoom.com/?p=1758#comment-14635 PQREB- Every loan modification that keeps the owner happy and minimizes losses for the bank is probably a good thing. I think it's going to ultimately the supply/demand imbalance that is creating the downward pressure, and is long as that is skewed the correction will continue. As for the Suns, I figured housing and the economy will be melting down for awhile. I rarely get to go to a Suns game. It was a great game! : ) This was the first time I've ever seen the Suns playing away from home. It was wierd having all the folks cheering for the wrong team. PQREB-

Every loan modification that keeps the owner happy and minimizes losses for the bank is probably a good thing. I think it’s going to ultimately the supply/demand imbalance that is creating the downward pressure, and is long as that is skewed the correction will continue.

As for the Suns, I figured housing and the economy will be melting down for awhile. I rarely get to go to a Suns game. It was a great game! : )

This was the first time I’ve ever seen the Suns playing away from home. It was wierd having all the folks cheering for the wrong team.

]]> By: Property-Qwest-Real-Estate-Blog http://housingdoom.com/2008/10/29/delaying-the-inevitable/#comment-14634 Property-Qwest-Real-Estate-Blog Thu, 30 Oct 2008 14:59:43 +0000 http://housingdoom.com/?p=1758#comment-14634 Hi Twist, Without addressing whether or not these modifications are the right thing to do, I believe the loan modifications would work with a meaningful impact if you had all three factors working together. Rate reduction, principle reduction, and the banks actually processing these requests as quickly as they were handing out the loans when times were good. Until then, this massive correction will continue. I must say that it was completely unacceptable that you took off the afternoon to go to the Suns/Spurs game! With that being said, I hope you had a great time and I'm sure you did in consideration of the games outcome! Hi Twist,

Without addressing whether or not these modifications are the right thing to do, I believe the loan modifications would work with a meaningful impact if you had all three factors working together. Rate reduction, principle reduction, and the banks actually processing these requests as quickly as they were handing out the loans when times were good. Until then, this massive correction will continue.

I must say that it was completely unacceptable that you took off the afternoon to go to the Suns/Spurs game! With that being said, I hope you had a great time and I’m sure you did in consideration of the games outcome!

]]> By: MikeC http://housingdoom.com/2008/10/29/delaying-the-inevitable/#comment-14633 MikeC Wed, 29 Oct 2008 23:11:11 +0000 http://housingdoom.com/?p=1758#comment-14633 GO SUNS! GO STEVE NASH! :) GO SUNS! GO STEVE NASH! :)

]]> By: AZSALUKI http://housingdoom.com/2008/10/29/delaying-the-inevitable/#comment-14632 AZSALUKI Wed, 29 Oct 2008 17:52:23 +0000 http://housingdoom.com/?p=1758#comment-14632 Suns/Spurs!!!! NICE!!!! Maybe they'll select you for the halftime half-court shot where the prize will be a new home in your choice of phoenix or austin. of course, you can always opt for the cash value if you make the shot.....i beleive it's around 10K now. Enjoy the game!!!!! Suns/Spurs!!!! NICE!!!! Maybe they’ll select you for the halftime half-court shot where the prize will be a new home in your choice of phoenix or austin. of course, you can always opt for the cash value if you make the shot…..i beleive it’s around 10K now. Enjoy the game!!!!!

]]> By: twist http://housingdoom.com/2008/10/29/delaying-the-inevitable/#comment-14631 twist Wed, 29 Oct 2008 16:13:10 +0000 http://housingdoom.com/?p=1758#comment-14631 Off-topic- I won't be around this afternoon. My oldest daughter surprised Mr. Twist and me with tickets for the Suns/Spurs game this evening- so I'm headed down to San Antonio GO SUNS!!!! Off-topic-

I won’t be around this afternoon. My oldest daughter surprised Mr. Twist and me with tickets for the Suns/Spurs game this evening- so I’m headed down to San Antonio

GO SUNS!!!!

]]> By: twist http://housingdoom.com/2008/10/29/delaying-the-inevitable/#comment-14630 twist Wed, 29 Oct 2008 16:11:15 +0000 http://housingdoom.com/?p=1758#comment-14630 Keith- I agree. I think a lot of this is politicians demonstrating that the are doing SOMETHING, no matter how counterproductive, before the election. We will be much, much better off if they would only stop tinkering with what they don't understand. Keith-

I agree. I think a lot of this is politicians demonstrating that the are doing SOMETHING, no matter how counterproductive, before the election. We will be much, much better off if they would only stop tinkering with what they don’t understand.

]]> By: Keith http://housingdoom.com/2008/10/29/delaying-the-inevitable/#comment-14629 Keith Wed, 29 Oct 2008 16:04:13 +0000 http://housingdoom.com/?p=1758#comment-14629 One more week to go, and the politicians won't need to curry favor with the electorate for a while. I expect talk about bailout, rescue, etc., to drop off drastically. In the end, this whole process will be studied in Economics 101 on how you can't stop a market correction. It will also be studied by common sense enthusiasts on how the gov't cannot fix your problems. One more week to go, and the politicians won’t need to curry favor with the electorate for a while. I expect talk about bailout, rescue, etc., to drop off drastically.

In the end, this whole process will be studied in Economics 101 on how you can’t stop a market correction. It will also be studied by common sense enthusiasts on how the gov’t cannot fix your problems.

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