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Thread: Can't pay? Just walk away

  1. #31

    If I say...

    Quote Originally Posted by somdrenter View Post
    Now that lending standards have tightened and the catalyst for the housing run up has been removed, what will step in to prop up prices?


    Saint Marys County, MD
    From: 12/01/2007 to 12/31/2007

    Total Sold Dollar Volume: $ 21,522,006 - 44.12 %
    Average Sold Price: $ 316,500 - 13.71 %
    Median Sold Price: $ 294,450 - 15.41 %
    Total Units Sold: 68 - 35.24 %

    ...we're all gonna die and there is no escape, will you come back with something saying it's worse than that?
    ADHD; Interdisciplinary

  2. #32
    Sorry, I'm not Patch... somdrenter's Avatar
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    Quote Originally Posted by vraiblonde View Post
    Oh stop. TV news people can find an "expert" who will insist that grass is purple. It doesn't mean it is.

    Maybe you'd have more credibility if you were a little less one-sided.


    Yea, Robert Shiller is just some joe on the street right??
    HONK
    If you’re paying someone else’s mortgage

  3. #33
    Board Mommy vraiblonde's Avatar
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    Quote Originally Posted by somdrenter View Post

    Yea, Robert Shiller is just some joe on the street right??
    Honey, they're ALL some joe off the street. If you get 10 experts in a room, and they don't agree, then who is the real expert?
    "Too much agreement kills a chat."
    ~Eldridge Cleaver

  4. #34

    Ok...

    Quote Originally Posted by vraiblonde View Post
    Honey, they're ALL some joe off the street. If you get 10 experts in a room, and they don't agree, then who is the real expert?
    ...I can't wait to hear the response to that one. Good 'un!

    ADHD; Interdisciplinary

  5. #35
    Sorry, I'm not Patch... somdrenter's Avatar
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    Quote Originally Posted by Larry Gude View Post
    ...we're all gonna die and there is no escape, will you come back with something saying it's worse than that?
    Sorry to disappoint Larry, but we’ll be just fine. Well, it may take some time. I was just posting some numbers to counter your previous statements. But, have it your way. Here..let me try…..How about….”nanny nanny booboo”?
    HONK
    If you’re paying someone else’s mortgage

  6. #36
    Sorry, I'm not Patch... somdrenter's Avatar
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    Quote Originally Posted by vraiblonde View Post
    Honey, they're ALL some joe off the street. If you get 10 experts in a room, and they don't agree, then who is the real expert?
    Darlin, the one that’s been right for the last 12 months.
    HONK
    If you’re paying someone else’s mortgage

  7. #37

    I said...

    Quote Originally Posted by somdrenter View Post
    Sorry to disappoint Larry, but we’ll be just fine. Well, it may take some time. I was just posting some numbers to counter your previous statements. But, have it your way. Here..let me try…..How about….”nanny nanny booboo”?
    ...10% you came back with 15. What is this, an auction? I could find some numbers showing it's only off 5% and some off 50%. What is the underlying point we're debating?
    ADHD; Interdisciplinary

  8. #38
    Sorry, I'm not Patch... somdrenter's Avatar
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    Quote Originally Posted by Larry Gude View Post
    ...10% you came back with 15. What is this, an auction? I could find some numbers showing it's only off 5% and some off 50%. What is the underlying point we're debating?
    No debate. If you answer this: "Now that lending standards have tightened and the catalyst for the housing run up has been removed, what will step in to prop up prices?" We may have one.
    HONK
    If you’re paying someone else’s mortgage

  9. #39
    Board Mommy vraiblonde's Avatar
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    Quote Originally Posted by somdrenter View Post
    Darlin, the one that’s been right for the last 12 months.
    I can give you more examples of homeowners who are not in danger of losing their homes that you can give of those who are.

    So who's right?

    The market is slow right now because people are afraid. And they're afraid because the media has blown this out of proportion and turned it into a crisis. Normally a mortgage broker would go bankrupt and it wouldn't even make the news. But because of the media vultures, now it's a catastrophe of colossal proportion and we're all going to be wearing a barrel and eating government cheese.

    Who do you, personally, know who has lost their home? You must know people who own - so how many of them are in trouble?
    "Too much agreement kills a chat."
    ~Eldridge Cleaver

  10. #40

    Wasn't the...

    Quote Originally Posted by somdrenter View Post
    No debate. If you answer this: "Now that lending standards have tightened and the catalyst for the housing run up has been removed, what will step in to prop up prices?" We may have one.

    ...catalyst demand? Isn't the problem excess supply?

    Didn't I mention that?
    ADHD; Interdisciplinary

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