Post by account_disabled on May 1, 2024 23:15:30 GMT -5
CHARLIE CULLINANE It may seem a very simple way of looking at this crisis but I believe that the best way to handle mortgages is that there should be a substantial downpayment and the ability to make monthly payments. If this sounds familiar it is because this is the formula that has been used for many years and has worked. Unfortunately there are many people that should not own a house due to poor finances and the inability be it lack of time knowledge or money to take care of a house.
The invisible hand of Adam Smith seems to do a pretty good job of policing credit. The problem occurs when the government gets involved and determines that everybody should be a home South Africa WhatsApp Number List owner or that interest rates should be driven down. What is to be done Let the housing market work its way out of this with minimal intervention. Let the invisible hand do what it does best PAUL R. SELZER ENGINEER PCCA I have seen the worst of the housing crisis here in Southern California. Most of it was caused by greed The adjustable loans given out to people who could not provide income verification to qualify for loans in excess of . People in our government enabled these loans to be given out to those who would not be able to qualify because of lack of income verification.
AIG went bankrupt because they insured these loans that were bundled with the good loans. We are all to suffer for what has transpired in the real estate market and finance industry. The government bailout is only the tip of the financial iceberg . Housing prices have fallen by at least and will not recover for at least ten years. The layoff in the construction industry is due to the overabundance of houses on the housing. This trickles down to your local Home Depot and Lowes who are the suppliers to the construction industry. The only bright spot in the housing market is that now first term homebuyers with great credit can now qualify for a home.
The invisible hand of Adam Smith seems to do a pretty good job of policing credit. The problem occurs when the government gets involved and determines that everybody should be a home South Africa WhatsApp Number List owner or that interest rates should be driven down. What is to be done Let the housing market work its way out of this with minimal intervention. Let the invisible hand do what it does best PAUL R. SELZER ENGINEER PCCA I have seen the worst of the housing crisis here in Southern California. Most of it was caused by greed The adjustable loans given out to people who could not provide income verification to qualify for loans in excess of . People in our government enabled these loans to be given out to those who would not be able to qualify because of lack of income verification.
AIG went bankrupt because they insured these loans that were bundled with the good loans. We are all to suffer for what has transpired in the real estate market and finance industry. The government bailout is only the tip of the financial iceberg . Housing prices have fallen by at least and will not recover for at least ten years. The layoff in the construction industry is due to the overabundance of houses on the housing. This trickles down to your local Home Depot and Lowes who are the suppliers to the construction industry. The only bright spot in the housing market is that now first term homebuyers with great credit can now qualify for a home.