These guys are … These guys are talking about getting the real estate industry back on track presumably so that the game of real estate speculation can start all over again. Sure, in order to do that the supply overhang is going to have to be cleared but all that will happen in about 2026 is another real estate bust. The solution is to prevent it from hapening again and the only way to do that is to shift property taxation completely on to land value which is the only values that go up or down.
Yo, … Yo, revisionista.REPUBLICANS CONTROLLED THE GOVERNMENT TILL 2006.Standard republican practice, can’t dispute the truth. call people names.Get out of gradeschool.
BONEHEAD, go to … BONEHEAD, go to wikpedia and look up barney frank. then look through his most distinguished career of screwing the housing markets. who’s legislation did he oppose to regulate and have better oversight of fanny and freddie? Clue, BUSH!
I hate to educate you, but since you insist. Our discussion is done
I lost 300K as a … I lost 300K as a subcontractor in the South Florida condo market, NOT by bad investments but by banks, investors and developers.One project (Cynergy) was foreclosed by the bank,paid for by the public.The bank then sued to take our lien rights away.Since we had neither BEEN PAID OR BAILED OUT WE COULDN”T AFFORD LAWYERS.We lost our lien rights and money.THE BANK THEN SUED US (THE SUBCONTRACTORS) FOR ATTORNEYS FEES!I had to leave florida before i killed someone.Greenspan the banks and wall street.
I am afraid that … I am afraid that you never saw who was RESPONSIBLE for the whole fiasco then. It was the deregulation of banks, lending practices and backing that Clinton started, Barney Frank wanted, stopped Bush from curtailing that ACORN and Obama sued for and won that was responsible. It is FACT.
OK, let me get this … OK, let me get this right. Loans made in 2004/05/06/07 in MIAMI; were Obama’s and Acorn’s fault. I was a subcontractor on Jade( the condo mentioned in the video) and i didn’t see Obama, Acorn or ANY black people. I DID see ALOT of free market right wing Republicans. As they say, you’re entitled to your own opinions but NOT YOUR OWN FACTS. Stop the historical revisionism.
the NINJA loans … the NINJA loans were REQUIRED after Obama was done with his law suit on behalf of ACORN. Barney Frank refused any regulation though Bush and McCain tried instituting it. Check for yourself.
with double the … with double the supply, the cost should plummet in a free market. making it affordable for people who did not sign a 30 year loan to buy a house in cash. the banks will never allow that because it would drive down the price of homes that already have loans signed on them, and every one of those people would default as it wouldn’t make sense to pay off the loan. this is why the banks aren’t putting most foreclosed homes up for sale. costs 50 bucks pr square foot 2 build a house approx, rip off
If Fannie and … If Fannie and Freddie are buying and guaranteeing the mortgages from the lender, doesn’t this create moral hazard? I don’t blame the lenders, the government provided the means for them to fuel their greed. It’s like putting a cookie jar in front of a child and telling it not to eat then leaving the room. What did you think was going to happen? The video speaks of low interest rates but why were they so low? It was practically free to borrow, thank the Fed for this mess.
This is true! I’ve … This is true! I’ve got a friend who did and won! I say stick it to the banks who have a license to PRINT PAPER and then STEAL your Hard Earned Assets!
These mortgages are … These mortgages are rolled over so many times that they can no longer prove ownership. So many have taken this to court and have kept their homes free and clear because banks can’t prove they have mortgage on it. Check it out and have free home.
It doesn’t matter … It doesn’t matter if they lied, it is written in the lending documents those borrowers signed. The lenders should be held accountable for their lies, and I do know they lied, but it is also the borrower’s fault for not reading legal documents before they sign them. That dumbass acupuncturist was too busy looking at new loans to read over the current loans she was signing on. Never sign any legal documents without feeling comfortable you understand them.
pano- the liars … pano- the liars would have been restrained if the deregulation of the banks had never occurred. deregulation started with carter and cont’d to bush2 all dem’s and repub’s between.
well, let me help … well, let me help you understand. lenders lied. i’ll say that again since it’s obviously hard for you and those like you to grasp: LENDERS LIED. they lied. they lied and people believed them. no one who bought a home was stupid. they were deceived. they believed. and games were played with their money and their lives. don’t yet understand? keep reading this until it penetrates your brain.
The Banks are part … The Banks are part of the NWO, this is long in the planning to bring down the house of cards
Not hard when everybody was jumping on the band wagon, buying and selling on. Greed takes over. The NWO know how we think, this also gets rid of the middle classes, pat of the plan.
yeah the banks were … yeah the banks were wrong in pushing these kind of loans but I will never understand why somebody would be stupid enough to buy a home when they don’t have a job or flat-out can’t afford it.
A second wave of
August 26th, 2010 at 10:18 am
Get ready for …
Get ready for another recession, sometime 2nd half of 2010.
August 26th, 2010 at 10:18 am
no wonder the …
no wonder the Mayans predicted big trouble in 2012!
August 26th, 2010 at 10:18 am
These guys are …
These guys are talking about getting the real estate industry back on track presumably so that the game of real estate speculation can start all over again. Sure, in order to do that the supply overhang is going to have to be cleared but all that will happen in about 2026 is another real estate bust. The solution is to prevent it from hapening again and the only way to do that is to shift property taxation completely on to land value which is the only values that go up or down.
August 26th, 2010 at 10:18 am
It is also partly …
It is also partly the realtors fault that this is happening. They need to go to jail for misrepresentation and greed as well.
August 26th, 2010 at 10:18 am
no at the end he …
no at the end he said corporate america is on sale meaning bargins in the stock market.
August 26th, 2010 at 10:18 am
What about the …
What about the KARATE and KUNGCHEE loans?
August 26th, 2010 at 10:18 am
Yo, …
Yo, revisionista.REPUBLICANS CONTROLLED THE GOVERNMENT TILL 2006.Standard republican practice, can’t dispute the truth. call people names.Get out of gradeschool.
August 26th, 2010 at 10:18 am
BONEHEAD, go to …
BONEHEAD, go to wikpedia and look up barney frank. then look through his most distinguished career of screwing the housing markets. who’s legislation did he oppose to regulate and have better oversight of fanny and freddie? Clue, BUSH!
I hate to educate you, but since you insist. Our discussion is done
August 26th, 2010 at 10:18 am
BTW, the whole …
BTW, the whole deregulation frenzy was started by……REAGAN!
August 26th, 2010 at 10:18 am
I lost 300K as a …
I lost 300K as a subcontractor in the South Florida condo market, NOT by bad investments but by banks, investors and developers.One project (Cynergy) was foreclosed by the bank,paid for by the public.The bank then sued to take our lien rights away.Since we had neither BEEN PAID OR BAILED OUT WE COULDN”T AFFORD LAWYERS.We lost our lien rights and money.THE BANK THEN SUED US (THE SUBCONTRACTORS) FOR ATTORNEYS FEES!I had to leave florida before i killed someone.Greenspan the banks and wall street.
August 26th, 2010 at 10:18 am
I am afraid that …
I am afraid that you never saw who was RESPONSIBLE for the whole fiasco then. It was the deregulation of banks, lending practices and backing that Clinton started, Barney Frank wanted, stopped Bush from curtailing that ACORN and Obama sued for and won that was responsible. It is FACT.
August 26th, 2010 at 10:18 am
OK, let me get this …
OK, let me get this right. Loans made in 2004/05/06/07 in MIAMI; were Obama’s and Acorn’s fault. I was a subcontractor on Jade( the condo mentioned in the video) and i didn’t see Obama, Acorn or ANY black people. I DID see ALOT of free market right wing Republicans. As they say, you’re entitled to your own opinions but NOT YOUR OWN FACTS. Stop the historical revisionism.
August 26th, 2010 at 10:18 am
the NINJA loans …
the NINJA loans were REQUIRED after Obama was done with his law suit on behalf of ACORN. Barney Frank refused any regulation though Bush and McCain tried instituting it. Check for yourself.
August 26th, 2010 at 10:18 am
with double the …
with double the supply, the cost should plummet in a free market. making it affordable for people who did not sign a 30 year loan to buy a house in cash. the banks will never allow that because it would drive down the price of homes that already have loans signed on them, and every one of those people would default as it wouldn’t make sense to pay off the loan. this is why the banks aren’t putting most foreclosed homes up for sale. costs 50 bucks pr square foot 2 build a house approx, rip off
August 26th, 2010 at 10:18 am
If Fannie and …
If Fannie and Freddie are buying and guaranteeing the mortgages from the lender, doesn’t this create moral hazard? I don’t blame the lenders, the government provided the means for them to fuel their greed. It’s like putting a cookie jar in front of a child and telling it not to eat then leaving the room. What did you think was going to happen? The video speaks of low interest rates but why were they so low? It was practically free to borrow, thank the Fed for this mess.
August 26th, 2010 at 10:18 am
stock market up..?? …
stock market up..?? is he crazy with all this..
August 26th, 2010 at 10:18 am
This is true! I’ve …
This is true! I’ve got a friend who did and won! I say stick it to the banks who have a license to PRINT PAPER and then STEAL your Hard Earned Assets!
August 26th, 2010 at 10:18 am
These mortgages are …
These mortgages are rolled over so many times that they can no longer prove ownership. So many have taken this to court and have kept their homes free and clear because banks can’t prove they have mortgage on it. Check it out and have free home.
August 26th, 2010 at 10:18 am
i asked my broker …
i asked my broker what to invest in and he told me, food, water, guns and ammo
August 26th, 2010 at 10:18 am
It doesn’t matter …
It doesn’t matter if they lied, it is written in the lending documents those borrowers signed. The lenders should be held accountable for their lies, and I do know they lied, but it is also the borrower’s fault for not reading legal documents before they sign them. That dumbass acupuncturist was too busy looking at new loans to read over the current loans she was signing on. Never sign any legal documents without feeling comfortable you understand them.
August 26th, 2010 at 10:18 am
pano- the liars …
pano- the liars would have been restrained if the deregulation of the banks had never occurred. deregulation started with carter and cont’d to bush2 all dem’s and repub’s between.
August 26th, 2010 at 10:18 am
well, let me help …
well, let me help you understand. lenders lied. i’ll say that again since it’s obviously hard for you and those like you to grasp: LENDERS LIED. they lied. they lied and people believed them. no one who bought a home was stupid. they were deceived. they believed. and games were played with their money and their lives. don’t yet understand? keep reading this until it penetrates your brain.
August 26th, 2010 at 10:18 am
The Banks are part …
The Banks are part of the NWO, this is long in the planning to bring down the house of cards
Not hard when everybody was jumping on the band wagon, buying and selling on. Greed takes over. The NWO know how we think, this also gets rid of the middle classes, pat of the plan.
August 26th, 2010 at 10:18 am
yeah the banks were …
yeah the banks were wrong in pushing these kind of loans but I will never understand why somebody would be stupid enough to buy a home when they don’t have a job or flat-out can’t afford it.