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  • Is the U.S. Banking System Safe?
    Excellent article. While I know all home values are or will be impacted by credit crunch, escalating foreclosures and the increase in interest rates that will surely occur, is there a way to estimate the potential impact in various areas. Many areas experienced explosive price increases while other areas appreciated more modestly, yet most of the charts I see re. the change in home values are on a national level. I live in the Raleigh NC area, and would like to see trending data / charts that are more regional, especially re. any estimated percent decline. Is there a place to find such information. Thanks.
    Aug 03 16:11 pm |Rating: 0 0 |Link to Comment |View article
  • Hitting the Reset Button On Home Mortgages
    Low interest rates are certainly a good thing. But low interest rates to purchase a declining asset isn't going to incent a tremendous amount of people. A real estate correction is necessary. Any move by the government to prop up prices through any means would equate to fraud in the real markets. And to "vboring", not all bankers and mortgage brokers are white.
    Mar 31 16:08 pm |Rating: 0 0 |Link to Comment |View article
  • Hitting the Reset Button On Home Mortgages
    Maybe it's not too late. I could still rush out and buy a house right on the brink of what I can qualify for, then wait for the price to drop and the government to bail me out along with the rest. Wonder if I can get them to compensate me for buying a large SUV that's surely going to depreciate as well. Hmmmm. What about other investments. Surely I can come up with more. No sense being responsible. Social security won't be there anyway. Might as well get the rest of the country to finance my bad decisions as well. I love this country. Especially in elecition years.
    Mar 31 10:45 am |Rating: 0 0 |Link to Comment |View article

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