Pent up demand

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  • Number of U.S. Homes With Negative Equity Is Stunning
    "The losses the banks will take holding the real estate will far outpace whatever diminished losses they take on a reworked mortgage."

    Says you. Banks need cashflow like any other business. I find it doubtful that they can hope to restructure so many loans without starving for cash. As Jolly_Rancher said, anyway you want to slice it, a lot of the banks are dead men walking. Restructuring only changes rate at which they bleed out.

    I agree that many defaulters are going to stay in "their" homes if only because there will be nobody from the bank/sheriff etc. to kick them out. But they will be reduced to being de facto squatters with no ability to show clear title or borrow against the property. Just like a lot of third world countries. Good job America!
    Nov 13 09:54 am |Rating: 0 0 |Link to Comment |View article
  • Time to Short Financial Stocks - Starting with BofA
    What a shoddy article. You talk as if BAC is a pure-play to short the housing fiasco. If the deal even goes through, they will be buying CFC at a big discount. There are plenty of more likely suspects in the financial sector. What's a matter, did bad old BAC raise your interest rate?
    Mar 03 13:57 pm |Rating: 0 0 |Link to Comment |View article
  • Proposals for a Depreciating Housing Environment
    Banks are not foreclosing on people who make the payments. If the value of the collateral deteriorates that is just part of the risk of being a banker. And Mike B., holders of mortgages are not happy if the nominal value of the asset goes up through (unanticipated) inflation. They want a real yield on their investment. Federal Reserve funny money is not a real yield.

    Hell, brokerbila, I like your plan. But why not cut out the middlemen? Just have the Feds buy up all the troubled properties, and then they can allow citizens to live in them rent free. We all pay taxes, right? I'm sure we can figure out an equitable way to assign party members, I mean citizens, to housing units.
    Feb 25 08:58 am |Rating: 0 0 |Link to Comment |View article

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