2008 Florida Housing market Thread Jan - Mar (Jacksonville: mortgage, credit)

[valuemkt]

Help me with the abbreviations .. and excuse the naive question .. definition /location of PSL please

[LewLew]

Originally Posted by valuemkt

Help me with the abbreviations .. and excuse the naive question .. definition /location of PSL please

Port Saint Lucy

[V1-P]

I agree with CJFlorida here and I might add: When the President spoke today 12/4/07 he mentioned something about the housing market. A KEY: He said in so many words, in the old days you would go get a mortgage and if the tide turned you would go down to the local bank and re-negotiate your loan with your banker. It is not like that now - there are other factors now.

My question is, What are the other factors? When did it become our responsibility to bail out people who made bad investment decisions? What changed in this country where we are now to pay for people without phones in a fee attached to our phone bills - look at the fees on your phone bill. What changed that we are now to pay for people without health insurance? Who can't afford their mortgage payment? Sounds like communism to me, they call it socialism - but if you look the words up in any good Webster Dict. you see the words mean the same. How about, these lenders sold their debt to China and other countries - then when people stop paying their mortgages - Uncle Sam has to make the international debt good to save face for our country.

Then the fed lowers the interest rate and people see this as a good sign. For debts maybe - lower payments - but for our nation - bad. It devalues the dollar worldwide.

The dollar is down to about 72 cents now and if the fed keeps it up - the dollar will collapse and where will everyone be then? Socialism? Why do you think prices keep going up? Because the dollar is worth less now. As for housing - If you can't flip it - I wouldn't buy it. If you make a property the best VALUE in the area, it will sell. But history repeats itself and people during the Great Depression lost their homes, jobs and needed a wheel barrel full of money for groceries. Sound familiar? Prepare for rough times and protect your family. When people have a debtor mentality then debt isn't good - you become a servant to the lender. Why not live within your means?

[CJFlorida]

Originally Posted by V1-P

I agree with CJFlorida here and I might add: When the President spoke today 12/4/07 he mentioned something about the housing market. A KEY: He said in so many words, in the old days you would go get a mortgage and if the tide turned you would go down to the local bank and re-negotiate your loan with your banker. It is not like that now - there are other factors now.

My question is, What are the other factors? When did it become our responsibility to bail out people who made bad investment decisions? What changed in this country where we are now to pay for people without phones in a fee attached to our phone bills - look at the fees on your phone bill. What changed that we are now to pay for people without health insurance? Who can't afford their mortgage payment? Sounds like communism to me, they call it socialism - but if you look the words up in any good Webster Dict. you see the words mean the same. How about, these lenders sold their debt to China and other countries - then when people stop paying their mortgages - Uncle Sam has to make the international debt good to save face for our country.

Then the fed lowers the interest rate and people see this as a good sign. For debts maybe - lower payments - but for our nation - bad. It devalues the dollar worldwide.

The dollar is down to about 72 cents now and if the fed keeps it up - the dollar will collapse and where will everyone be then? Socialism? Why do you think prices keep going up? Because the dollar is worth less now. As for housing - If you can't flip it - I wouldn't buy it. If you make a property the best VALUE in the area, it will sell. But history repeats itself and people during the Great Depression lost their homes, jobs and needed a wheel barrel full of money for groceries. Sound familiar? Prepare for rough times and protect your family. When people have a debtor mentality then debt isn't good - you become a servant to the lender. Why not live within your means?

The problem has been since 2000, the powers that be will not let the economy run its natural course of up and down cycles. Many Americans can barely remember the old times when recessions, and even deep recessions, were part of the game.

By lowering interest rates to practically nothing, discouraging savings and encouraging using houses as ATMs and buying way to much house, the feds artificially propped up the economy.

The government is in historic debt and personal debt is at historic levels. Now they want to postpone the inevitable with bail outs.

My guess is that they are trying to get through the 2008 elections. Everyone knows we have to pay the bill for the last 7 years. Economies can not run on simply creating debt and selling houses for very long. Down economic cycles are only that much deeper when you try and postpone them.

[V1-P]

CFFlorida - I agree. I might add to your comment, " My guess is that they are trying to get through the 2008 elections. Everyone knows we have to pay the bill for the last 7 years. Economies can not run on simply creating debt and selling houses for very long."

It appears when policy is to change a disaster is created. History shows FDR's New Deal brought a plethora of new laws. Jimmy Carter's impact on the Oil Embargo brought more laws. These new laws picked away at our freedoms. 9/11 brought more new laws which have taken away our freedoms and the housing problem, along with other events, will bring more laws which give away our nation and freedoms. Just Google the North American Union, the Amero (like the Euro) , the SPP (Security and Prosperity Partnership) and talk of giving 1 Amero for each 1 US Dollar to start. Times are changing. The Great Depression - most lost however, there were a few that prospered. The key is going to be positioning. Those who are in " hock over their heads" will lose and sadly, probably everything. Problem is, because of lust and greed, their children will suffer. Those who can negotiate and help will prosper. Kind of like that old Bible story of Joseph and Pharaoh. Egypt accumulated the world's wealth by preparing for the 7 years of famine during the 7 years of plenty. Merry Christmas.

[tallrick]

It's a fact that any industry regulated by the Government fails. Look at the auto industry, look at medicine, look at the legal profession. All Government regulated, all overpriced or unproductive. The Government exists to protect those in power, period. The real estate bubble was just another transfer of power from the middle class to the super wealthy. Now they want to preserve this till after the election. They know that the American people are too busy to care. I am so angry that people fell for this bubble nonsense ane have given away so many freedoms since 1900 to today. We now have a Government to keep us in slavery, and little hope of improvement unles we deregulate, and downsize the Government. The bubble has to be dynamited and the pieces distrubuted all over. Otherwise the debts will prevent this country from ever being the #1 economy we were. I am glad some of you posters are smart enough to see how big Goverment engineers or allows disasters to get laws changed. The Great Depression, Pearl Harbor, Peak Oil, 911, Property bubbles....

[V1-P]

Amen TallRick

[Wild Style]

Originally Posted by tallrick

It's a fact that any industry regulated by the Government fails. Look at the auto industry, look at medicine, look at the legal profession. All Government regulated, all overpriced or unproductive. The Government exists to protect those in power, period. The real estate bubble was just another transfer of power from the middle class to the super wealthy. Now they want to preserve this till after the election. They know that the American people are too busy to care. I am so angry that people fell for this bubble nonsense ane have given away so many freedoms since 1900 to today. We now have a Government to keep us in slavery, and little hope of improvement unles we deregulate, and downsize the Government. The bubble has to be dynamited and the pieces distrubuted all over. Otherwise the debts will prevent this country from ever being the #1 economy we were. I am glad some of you posters are smart enough to see how big Goverment engineers or allows disasters to get laws changed. The Great Depression, Pearl Harbor, Peak Oil, 911, Property bubbles....

these bubbles are what have kept the economy a float since the later 90s.

In the mid to late 90s there was a bubble formed in one of the financial sectors (i forget which).

To offset a run on investment with in the U.S.A Greenspan then cattle herded investors into the Info Tech sector (remember the .com bust?)

Once the .com bust happened, to stop a run on investment with in the U.S. he then herded people into Real Estate and here we are in 2007 seeing the aftermath.

So we have two choices now, either have another bubble or slide into bad times and then restructure everything. I am not sure which way the U.S. will go from here but we are in for some interesting times.

For anyone who wants to know more about this just google greenspan's name with the .com bust. I think NPR had a great report on this if I remember right. It also cracks me up how Greenspan writes his book, from what I hear (I have not read it) takes no responsibility and goes on a world tour saying how America is screwed (which is irresponsible for someone in his position to do).

[CJFlorida]

Originally Posted by Wild Style

these bubbles are what have kept the economy a float since the later 90s.

In the mid to late 90s there was a bubble formed in one of the financial sectors (i forget which).

To offset a run on invest with in the U.S.A Greenspan then cattle herded investors into the Info Tech sector (remember the .com bust?)

Once the .com bust happen to stop a run on investment with in the U.S. he then herded people into Real Estate and here we are in 2007 seeing the aftermath.

So we have two choices now, either have another bubble or slide into bad times and then restructure everything. I am not sure which way the U.S. will go from here but we are in for some interesting times.

For anyone who wants to know more about this just google greenspan's name with the .com bust. I think NPR had a great report on this if I remember right. It also cracks me up how Greenspan writes his book, from what I hear (I have not read it) takes no responsibility and goes on a world tour saying how America is screwed (which is irresponsible for someone in his position to do).

Greenspan is the most bizarre figure in politics I have ever seen. He is like the volunteer fireman who starts the fire and comes back later to watch and advise how to put it out to look like a hero.

[MrTudo]

Originally Posted by tallrick

It's a fact that any industry regulated by the Government fails. Look at the auto industry, look at medicine, look at the legal profession. All Government regulated, all overpriced or unproductive. The Government exists to protect those in power, period. The real estate bubble was just another transfer of power from the middle class to the super wealthy. Now they want to preserve this till after the election. They know that the American people are too busy to care. I am so angry that people fell for this bubble nonsense ane have given away so many freedoms since 1900 to today. We now have a Government to keep us in slavery, and little hope of improvement unles we deregulate, and downsize the Government. The bubble has to be dynamited and the pieces distrubuted all over. Otherwise the debts will prevent this country from ever being the #1 economy we were. I am glad some of you posters are smart enough to see how big Goverment engineers or allows disasters to get laws changed. The Great Depression, Pearl Harbor, Peak Oil, 911, Property bubbles....

Here's an excellent Ron Paul Video

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