tag:blogger.com,1999:blog-13164186.post1590225958479930655..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: More government encouragement of irresponsible behaviorDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-13164186.post-87924099918254117652010-03-30T14:59:17.279-04:002010-03-30T14:59:17.279-04:00"Bush got rid of a barbarous tyrant who paid ..."Bush got rid of a barbarous tyrant who paid rewards to the terrorists that attacked us and he hunted down the terrorist organizations..."<br /><br />LOL! Can I smoke some of what you're smoking?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-77043518531375338372010-03-29T13:39:50.488-04:002010-03-29T13:39:50.488-04:00Last year's government interaction attempts fa...Last year's government interaction attempts failed to address the regionality issue i.e. the areas of the country that saw significant price reductions. <br /><br />Last year's approach was so dumb because the overwhelming majority of people who got to take advantage of refinancing were those that never got hurt by the bubble so the medicine got administered to the wrong people.<br /><br />Making responsibility pay is not this Administration's goal. Their base are the irresponsible ones wanting a government handout. The Unions have their pensions grossly underfunded so they are desperate to also fall into the public safety net. That public safety net should be for those that really need it and people shouldn't go into the public sector to get rich. After the Unions ran the private industries out of town, they then latched onto the public sector and in the last fifteen years, have grown government salaries out of site and layered in unsustainable benefit packages. They have hurt our competitiveness and looted us period. <br /><br />Printing money to devalue our debt will be the face of the new Ugly American. And to think that people voted for Obama because he would be the positive face of America. Bush got rid of a barbarous tyrant who paid rewards to the terrorists that attacked us and he hunted down the terrorist organizations; apparantly that wasn't politically correct and the liberals are telling us that we can't call them "terrorists". We have to now have sympathy for irresponsible people, terrorists, those that dislike us for the wrong reasons; and those dumb enough to work hard and be responsible will have to pay the tab for this public looting.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-3625816517076237972010-03-26T18:14:12.723-04:002010-03-26T18:14:12.723-04:00Or, perhaps you are interested in late bubble burs...Or, perhaps you are interested in late bubble burster MD<br /><br />Foreclosures per realtytrac:<br /><br />NOVA -49.7% YOY<br />DC -14.0% YOY<br />MD* +42% YOY<br /><br />*PG & MO CO only.<br /><br />In MD, youve got a ways to go. In DC its windin down. In VA its over...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-88604136806293190282010-03-26T18:09:54.178-04:002010-03-26T18:09:54.178-04:00Well, either you havent been reading long, or you ...Well, either you havent been reading long, or you have a short memory. For the DC area, forelcosures are down -10.4% YOY.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-68534673008622730002010-03-26T17:37:13.279-04:002010-03-26T17:37:13.279-04:00The Wasington Post classified section is filled wi...The Wasington Post classified section is filled with so many foreclosures. I can't remember the classified being this thick as today's.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-57755844373890522312010-03-26T14:32:27.127-04:002010-03-26T14:32:27.127-04:00An intesting story on renting in the DC area, tune...An intesting story on renting in the DC area, tune in tonight on your local NBC News4 at 5.<br /><br />RENTING<br />Looking for a place to lease in the Washington area? Prepare to pay. How does DC rank among other metropolitan areas? More on this tonight on News4 at 5.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-54220603275614445012010-03-26T13:04:45.181-04:002010-03-26T13:04:45.181-04:00Sucks for people in their mid to late 20s, like me...Sucks for people in their mid to late 20s, like me. I am now making enough to buy if there were no bubble, yet I wont be able to buy because of the crazy prices of today. Oh well, renting isnt so bad.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-60830471062670518462010-03-26T12:37:46.778-04:002010-03-26T12:37:46.778-04:00From the well respected professor piggington (Rich...From the well respected professor piggington (Rich Toscano):<br /><br />Last month I discussed the idea of government-sponsored mortgage principal reductions, which I described as the "nuclear option" in the government's housing bailout arsenal. As unjust and misguided a policy as this might be, I suspected at the time, principal reductions might well be on the way.<br /><br />Well, the first volley of bailout nukes has been launched. The Treasury has announced a plan to reduce loan balances for underwater borrowers by refinancing the borrowers into FHA loans with lower amounts or by bribing lenders to reduce principal balances themselves.<br /><br />So it has begun. The only question is how far it will go. This particular program is supposed to be funded by $14 billion out of existing foreclosure-prevention funds. But as we have seen, when it comes to the bailout, the rules are changed when it becomes convenient. <br /><br />This is really the first foreclosure-prevention approach to date that is likely to actually prevent foreclosures. Now that the principal reduction line has been crossed, we could see a lot more of it -- and it could have a huge impact on the future of the housing market.Anonymousnoreply@blogger.com