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Old 03-26-2010, 04:53 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 38,204,096 times
Reputation: 2661

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Quote:
Originally Posted by tony soprano View Post
It's pretty easy to see how someone arrived at this conclusion, isn't it?

http://www.city-data.com/forum/13440975-post18.html
YOu will be OK Tony...the problem will pass

Your English comprehension is normally adequate.
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Old 03-26-2010, 05:11 PM
 
1,347 posts, read 2,448,565 times
Reputation: 498
Quote:
Originally Posted by olecapt View Post
YOu will be OK Tony...the problem will pass

Your English comprehension is normally adequate.
Your rambling was comprehensible, it just didn't have anything to do with the point that was being raised. When your meds start wearing off have the admiral read to you the post linked below and explain where you missed the mark.

http://www.city-data.com/forum/13467942-post2172.html

But hey, it did have to do with Las Vegas and real estate!
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Old 03-26-2010, 05:27 PM
 
Location: Fort Worth and Las Vegas
255 posts, read 556,961 times
Reputation: 73
Quote:
Originally Posted by tony soprano View Post
It's pretty easy to see how someone arrived at this conclusion, isn't it?

http://www.city-data.com/forum/13440975-post18.html
How far will 14 billion go realistically?
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Old 03-26-2010, 05:51 PM
 
1,347 posts, read 2,448,565 times
Reputation: 498
Quote:
Originally Posted by rpachigo View Post
How far will 14 billion go realistically?
Hey, a voice from the distant past! Hope you're well.

How far it goes is anyone's guess but who's to say that they don't "enhance" the program again and/or add additional funds. They did the same thing with the FTHB tax credit. Ran one version of the tax credit before deciding to expand the credit and extend it. The Fed is just concluding the $1.25T MBS purchase program. Trillion! $14B is pocket change.
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Old 03-26-2010, 10:40 PM
 
845 posts, read 2,327,631 times
Reputation: 298
2.8 million foreclosures last year; 4.5 million this year. The inventories will hit critical mass.
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Old 03-26-2010, 11:16 PM
 
177 posts, read 357,172 times
Reputation: 55
Quote:
Originally Posted by adolpho View Post
2.8 million foreclosures last year; 4.5 million this year. The inventories will hit critical mass.
I don't know about other markets; I only focus on our local market.
So far this year's forclosure rate is much lower than the same period of last year. We are heading into April now and time is running up. In order to catch up with last year's number, we will need a dramatic increase of foreclosures in the second half of this year.
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Old 03-27-2010, 12:18 AM
 
2,724 posts, read 4,764,096 times
Reputation: 1042
Quote:
Originally Posted by mresort View Post
I don't know about other markets; I only focus on our local market.
So far this year's forclosure rate is much lower than the same period of last year.
Wait until the trillion-dollar bomb drops... when do Option-Arms and Alt-A loans begin to reset again?
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Old 03-27-2010, 03:04 AM
 
Location: Portland, OR / Las Vegas, NV
1,818 posts, read 3,837,108 times
Reputation: 985
Quote:
Originally Posted by rpachigo View Post
How far will 14 billion go realistically?
If they gave it all to me, it would go several generations at least.
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Old 03-27-2010, 04:23 AM
 
Location: Here and there, you decide.
12,908 posts, read 27,995,060 times
Reputation: 5057
just curious, how do all these arms reset?? if they are based on the libor, they will go down
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Old 03-27-2010, 08:28 AM
 
25 posts, read 80,658 times
Reputation: 22
couldn't agree more with the interest rate going down for now. i figure the rate would be somewhere around 3% (margin 2.25 to 2.75 + .25) if the loan starts to adjust based on the 1 month libor index. The issue will be trying to lock on a fix rate when you're underwater. Either come up with funds to refi or stand pat and watch your monthly payments increase as interest rates begin to rise.
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