Interesting perspective in the LA Times.
http://www.latimes.com/business/la-fi-economy-mortgages-20101101,0,7338975.story
By Don Lee, Los Angeles Times
November 1, 2010
Reporting from Washington —
For almost two years, home foreclosures have swept the nation, spreading
misery among
Interesting perspective in the LA Times.
But a bigger problem may turn out to be the millions of Americans who are
still faithfully paying their mortgages, but on houses
worth far less than before the bubble burst. It's not that these homeowners
will stop making their payments. It's just the
On Mon, Nov 1, 2010 at 8:40 AM, Dan Minette danmine...@att.net wrote:
Interesting perspective in the LA Times.
But a bigger problem may turn out to be the millions of Americans who are
still faithfully paying their mortgages, but on houses
worth far less than before the bubble burst. It's
No question, either extreme is bad. But how to manage the volatility is
the billion -
or is that trillion? - dollar question.
There are several things to consider here. First is the obvious. We
require real truth in selling, and for the sellers to know what they are
selling. Along with this
On Mon, Nov 1, 2010 at 11:00 AM, Dan Minette danmine...@att.net wrote:
snip
Third, to get out of this, the US needs a positive black swan to change all
the rules again. This will soak up investment capitol, with a real return
on investment, because wealth will be created. Until it comes,
Dan wrote:
So, we had a US economy that was really doing nothing, but lots of money
looking for a US home...thus real estate, which the Risk Assessment Model
said couldn't go down more than a couple %.
Add to that the (hundreds of?) billions of dollars of tax cuts Bush
gave to the wealthiest
Keith wrote:
Unfortunately I have no ideas about how to get this going, at least
not in the US. I think a rule change favoring longer term investments
in physical plant will be needed before anyone will consider any such
ideas.
It needs to be recognized as a matter of national security.
