tag:blogger.com,1999:blog-18675105.post5206824089502261247..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: PIMCO nukes US housing - predicts 30% fall from peak and says Bush/Paulson plan "reeks of moral hazard"bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger30125tag:blogger.com,1999:blog-18675105.post-42435601736939431342007-12-07T13:32:00.000+00:002007-12-07T13:32:00.000+00:00Anonymous said... To Keith and all of the other...Anonymous said...<BR/><BR/> To Keith and all of the other HP'ers:<BR/><BR/> I TOLD YOU SO!!!! I posted several times here on this blog that I bought a 750K townhouse in Chicago with 3% down and with a hybrid ARM loan.<BR/><BR/> Guess what? I will make out like a bandit and you won't! You fools keep predicting the world financial system and the sky is falling syndrome. Keep saying the same thing losers. You lost, I won!<BR/><BR/> December 07, 2007 12:54 AM<BR/><BR/>----<BR/><BR/>How did you win exaclty? Your TH will be worth $400K in 5 years yet you will still owe $750K.<BR/><BR/>And even at 3% your mortgage is still more than what that same TH could be rented for. <BR/><BR/>If that's winning I want to lose.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-35781148644001274512007-12-07T11:12:00.000+00:002007-12-07T11:12:00.000+00:00I TOLD YOU SO!!!! I posted several times here on t...<I>I TOLD YOU SO!!!! I posted several times here on this blog that I bought a 750K townhouse in Chicago with 3% down and with a hybrid ARM loan.</I><BR/><BR/>I see pain in your future. Remember us when you are totally broke, with your credit shot, and unemployed. You're toast. You won't qualify for the bailout. bwahahahaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-54385495889276296692007-12-07T05:04:00.000+00:002007-12-07T05:04:00.000+00:00PIMCO isn't the good guy in this. They have their ...PIMCO isn't the good guy in this. They have their agenda. They want to push Helicopter Ben to lower the interest rate as fast as possible. Why? Because that makes the value of their bond holdings rise.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-14781182136443791162007-12-07T00:54:00.000+00:002007-12-07T00:54:00.000+00:00To Keith and all of the other HP'ers: I TOLD YOU...To Keith and all of the other HP'ers:<BR/><BR/> I TOLD YOU SO!!!! I posted several times here on this blog that I bought a 750K townhouse in Chicago with 3% down and with a hybrid ARM loan. <BR/><BR/> Guess what? I will make out like a bandit and you won't! You fools keep predicting the world financial system and the sky is falling syndrome. Keep saying the same thing losers. You lost, I won!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-63304764970603769392007-12-06T22:58:00.000+00:002007-12-06T22:58:00.000+00:00> Forty-five percent indicated they strongly or so...> Forty-five percent indicated they strongly or somewhat opposed such a (bail-out) plan, while only 29% indicated they strongly/somewhat supported it...<BR/><BR/>Only 45 to 29? That is bad indeed. Maybe the 29% should be asked by how much more taxes they would like to pay for bailing out those who willingly went in this mess?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59526890027115985412007-12-06T22:55:00.000+00:002007-12-06T22:55:00.000+00:00Japan - that is operative word for the next months...Japan - that is operative word for the next months (and Fannie and Freddie if they fail). Do we want to repeat the mistakes that Japan made and live in a 14-year on-an-off recession? Or do we want the situation to be cleared and done over with in a few years? The Saveings&Loans crash was bad, but it was dealt with reasonably fast.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-7175647752814590332007-12-06T22:23:00.000+00:002007-12-06T22:23:00.000+00:00Eric said30%? Maybe in the areas that didn't skyro...Eric said<BR/>30%? Maybe in the areas that didn't skyrocket in value overnight. I can't see anything less than 50% in places like Vegas and AZ.<BR/><BR/>Yes, correct, they said 30% on average but much more in bubble cities. That average includes places like rural NY and PA where prices have been just about flat for the last five years.brokersleaveyoubrokehttps://www.blogger.com/profile/17872742292613334422noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6754066345753015442007-12-06T22:06:00.000+00:002007-12-06T22:06:00.000+00:00The bond holders are going to have their contracts...The bond holders are going to have their contracts altered either way. At least with the "bail out" they will be altered and their may be cash flow at the end. The current "alteration" is payments stop, and forclosure lawyers get rich. The investors in this garbage paper should be thanking Bush for this plan. It has saved them from a culture of stupid.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-39144437712032049312007-12-06T21:09:00.000+00:002007-12-06T21:09:00.000+00:00Where is the bailout for all of the people that lo...Where is the bailout for all of the people that lost $$$ in the market crash of 2000? How about a bailout for the ENRON, MCI, and Adelphia shareholders?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-8293213663879132282007-12-06T20:32:00.000+00:002007-12-06T20:32:00.000+00:0030%? Maybe in the areas that didn't skyrocket in v...30%? Maybe in the areas that didn't skyrocket in value overnight. I can't see anything less than 50% in places like Vegas and AZ.Eric Zhttps://www.blogger.com/profile/09634379883697053544noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-60245274451296535272007-12-06T20:23:00.000+00:002007-12-06T20:23:00.000+00:00Moodys also said they expect house prices to drop ...Moodys also said they expect house prices to drop 30 percent in the next two years.brokersleaveyoubrokehttps://www.blogger.com/profile/17872742292613334422noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-72677632843285297592007-12-06T20:15:00.000+00:002007-12-06T20:15:00.000+00:00I called the hope hotline and I got a sex talk lin...I called the hope hotline and I got a sex talk line.Anyone have the real number so I can get the 100k I lost back on my vegas homes?I am homeless liveing under a bridge and surfing the net from starbucks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-4752111437540646382007-12-06T20:13:00.000+00:002007-12-06T20:13:00.000+00:00Here's the correct # to call:1-888-995-DOPEHere's the correct # to call:<BR/><BR/>1-888-995-DOPEAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32256503967798108962007-12-06T20:11:00.000+00:002007-12-06T20:11:00.000+00:00Participants were then asked about proposals for t...<I>Participants were then asked about proposals for taxpayer funding "to subsidize mortgage payments, or subsidize the cost of refinancing subprime loans." Forty-five percent indicated they strongly or somewhat opposed such a plan, while only 29% indicated they strongly/somewhat supported it,</I><BR/><BR/>The 29% who strongly support this fund are Hitlary/Obama/Edwards supporters. Those Three Stooges have all proposed a FB bailout fund using taxpayer money taht will end up going straight to Wall Street.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55724082390063687052007-12-06T19:55:00.000+00:002007-12-06T19:55:00.000+00:00* Bush's message for "homeowners" - call 1-800-995...* Bush's message for "homeowners" - call 1-800-995-HOPE. My message for HP'ers - call this number and express your outrage. Prank 'em too if you feel like it.<BR/><BR/>---<BR/><BR/>Do it from a payphone. You nenver know who is recording these calls. Remember who you're dealing with.Dinohttps://www.blogger.com/profile/08326516434434155181noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50544654892985100222007-12-06T19:53:00.000+00:002007-12-06T19:53:00.000+00:00MMMM Daisy Duke was tastyMMMM Daisy Duke was tastyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22460330813855515692007-12-06T19:28:00.000+00:002007-12-06T19:28:00.000+00:00Bush got the # wrong - it's 888 995 HOPECall but y...Bush got the # wrong - it's 888 995 HOPE<BR/><BR/>Call but you just get put on hold, not worth the effort<BR/><BR/>I was going to try to see if they could help me get the $100 I lost in Vegas backbloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-31168076707602188632007-12-06T19:18:00.000+00:002007-12-06T19:18:00.000+00:00Hey westwest888:without investors there would be n...Hey westwest888:<BR/><BR/>without investors there would be no homeowners. what a moronic statement.<BR/><BR/>Pay cash for a house without credit availability and see what its worth. 20-25% of what theyre worth NOW. Credit availability is made possible by investors that provide financing. Screw them and all liquidity in the US real estate market will dry up like a SE US lake.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-14131184313650859472007-12-06T19:08:00.000+00:002007-12-06T19:08:00.000+00:00Bernanke has his marching orders.However, this bai...Bernanke has his marching orders.<BR/><BR/>However, this bail-out will only make matters far worse. <BR/><BR/>Regardless of any botched bail-out plan that may be put into place,<BR/>housing prices will fall far more than they have now - it just may take awhile longer to finally reach the bottom, but it will happen.<BR/><BR/>The banks made sure to free themselves of the huge loses in residential real-estate, and the investors who backed these housing loans (across the entire sector - not just subprime) will be left holding the bag, and you can bet that these wealthy people will not take such a bail-out without a fight.<BR/><BR/>Also, let's not forget that 401K's and pension funds will also be impacted negatively by this bail-out.<BR/><BR/><BR/>The basic problem still remains:<BR/><BR/>Most people's salaries do not even come close to supporting the house loans they took out, and now with far fewer buyers and credit drying up, people will be stuck in these houses for years to come - provided they never lose their job or get sick within the next 15-30 years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-90918219241736803572007-12-06T18:52:00.000+00:002007-12-06T18:52:00.000+00:00Given how accurate HP’ers have been in foreseeing ...Given how accurate HP’ers have been in foreseeing the collapse of the bubble, I’m amazed at the surprise of many that the government is now attempting to moderate its effect. Rail all you want about moral hazard and REIC bad actors. You’ll get no disagreement here. But, it would be naïve in the extreme to think that politicians would simply let the market self correct, without policy action. Be happy that this plan is as modest as it is. At least, no taxpayer funds are involved (apparently). Anyway, this plan’s actually going to speed up the decline in housing prices, as credit dries up and mortgage rates increase. This will more than offset any stabilizing effect of any modest slowing in the foreclosure rate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-85253638660124314062007-12-06T18:49:00.000+00:002007-12-06T18:49:00.000+00:00Good job, G.W.Part II of promoting ownership socie...Good job, G.W.<BR/>Part II of promoting ownership society.<BR/><BR/>C'on people, give him a credit not to leave this mess for the next administration like the Iraq war.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-678835120447390652007-12-06T18:45:00.000+00:002007-12-06T18:45:00.000+00:00S&P says that rate adjustments would lead to downg...S&P says that rate adjustments would lead to downgrades of bonds. Save homeowners, screw investors.gregorywhttps://www.blogger.com/profile/13900940292043774887noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-63282006557440672732007-12-06T18:39:00.000+00:002007-12-06T18:39:00.000+00:00Now that I think about it, let them freeze rates o...Now that I think about it, let them freeze rates on loans made up until July 2005 for the next 5 years, that way, all the crappy loans will reset en masse about 2011/2012 and it will be like a neutron bomb went off in every city in the country.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-81552247068927118042007-12-06T18:37:00.000+00:002007-12-06T18:37:00.000+00:00The bailout plans from your retarded Dimwitcrat mo...The bailout plans from your retarded Dimwitcrat morons:<BR/><BR/><I><BR/>John Edwards, the Democratic presidential candidate and former senator from North Carolina, on Wednesday proposed a seven-year freeze in subprime interest rates, as well as a new fund to help distressed borrowers. <BR/><BR/>Mrs. Clinton visited the Nasdaq stock market in New York on Wednesday and assailed Wall Street firms for the mortgage mess. She called for a 90-day moratorium on subprime foreclosures and a rate freeze that would apply to all borrowers current on payments and some who have fallen behind. <BR/><BR/>Senator Barack Obama of Illinois jumped ahead of many of his Democratic presidential rivals in September with detailed recommendations that included a government rescue fund,<BR/></I><BR/><BR/>Those morons are determined to take taxpayer money to pay the mortgages ie bankers for the bad loans. J6P owes $500,000 on his shack at 13% to CountryWide and the Dimwitcrats want to take your money and pay those extortionate rates to Angelo Mozilo.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6991367389761448312007-12-06T18:35:00.000+00:002007-12-06T18:35:00.000+00:00PANIC IS IN THE AIR!!!!!!!!!PANIC IS IN THE AIR!!!!!!!!!Anonymousnoreply@blogger.com