FANNIE MAE AND FREDDI MAC are the public companies traded on stock market. When there was profit the investors got the profit. When they are in loss WHY Taxpayers are asked to pay for the loss. ??????????????? FANNIE MAE AND FREDDI MAC should NOT be bailed out. New Jersey real estate attorneys
They are raising interest rates to shore up the banks. They don’t care diddlysquat about the struggling homeowners. The rising interest rates now will cause more with adjustable mortgages to go into default. This is just a temporary slowing and even if the slow figure holds, the bottom line is more people are going to default despite bailing out Fannie Mae which is basically giving money to the foreign investors like China and Russia. Let them default! The price of housing NEEDS to go down another $200,000! Why should our tax dollars and the Federal Treasury print monies to devalue our dollars to keep people in overpriced housing they could not afford to begin with? They can walk away now and buy cheaper homes. san diego california real estate for sale
Although the foreclosures may have plateau, the correction still has a little ways to go. Sorry, fundamental values stand for SOMETHING and are really your best bet against big losses.
FANNIE MAE AND FREDDI MAC are the public companies traded on stock market. When there was profit the investors got the profit. When they are in loss WHY Taxpayers are asked to pay for the loss. ??????????????? FANNIE MAE AND FREDDI MAC should NOT be bailed out.
New Jersey real estate attorneys
Comment by New Jersey real estate lawyers — October 24, 2008 @ 12:36 pm
They are raising interest rates to shore up the banks. They don’t care diddlysquat about the struggling homeowners. The rising interest rates now will cause more with adjustable mortgages to go into default. This is just a temporary slowing and even if the slow figure holds, the bottom line is more people are going to default despite bailing out Fannie Mae which is basically giving money to the foreign investors like China and Russia. Let them default! The price of housing NEEDS to go down another $200,000! Why should our tax dollars and the Federal Treasury print monies to devalue our dollars to keep people in overpriced housing they could not afford to begin with? They can walk away now and buy cheaper homes.
san diego california real estate for sale
Comment by san diego real estate search — October 24, 2008 @ 12:37 pm
Although the foreclosures may have plateau, the correction still has a little ways to go. Sorry, fundamental values stand for SOMETHING and are really your best bet against big losses.
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Comment by California attorneys — October 24, 2008 @ 12:38 pm
Tough times in real estate may change the San Diego conventional wisdom that you can never lose in real estate.
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Comment by Dallas real estate lawyers — October 24, 2008 @ 12:39 pm
I’m buying a home not so much as an investment but as a place to live and raise a family.
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Comment by Lasik — October 24, 2008 @ 12:39 pm
I think people’s expectations of multiple digit appreciation each year in real estate are now proven to be a total fallacy.
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Comment by San Diego dentist — October 24, 2008 @ 12:40 pm
Real estate homes should be thought of as just that and not investments.
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Comment by Cosmetic surgery San Diego — October 24, 2008 @ 12:41 pm
Homeowners should be prepared to ride out the current fluctuation, because in the long run values should continue to escalate.
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Comment by San Jose real estate lawyers — October 24, 2008 @ 12:43 pm
Can I publish your put up to my blog? I’ll add a one way link to your forum. That’s one actually candy post.
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