>You're too young to be bitter about renting. Did you expect to own while you were in college? Heck, I >didn't buy my place until I was in my early '30s, when I finally felt comfortable committing to a place.
I'm young but not stupid to know when 17% rise in rent YOY is going to squeeze...
I almost laughed today when I saw Yahoo's Finance headline this morning:
"Stocks Rise As Credit Concerns Wane- AP
Wall Street extended its advance Wednesday as investors grew more optimistic that the worst of the credit crisis is over and as the government released tame October inflation...
Nude - I don't like seeing a plans before elections because it's all a bunch of promises and and arm waving and then when they finally get into office, nothing happens. I think the Bush's are very good at this tactic (Read-My-Lips Bush Sr., and no nation building for Bush Jr). I'd rather have...
RP has been saying the same thing to Bernanke and those before him and nothing gets done.
The dollar is getting devalued and the lower class is getting squeezed. That M3 figure he's talking about is critical to the value of the dollar, and the Federal Reserve stopped providing that...
The mortgage market will recover. It's just a matter of who. The weak hands who lent without doing their due diligence will be forced to close shop and the exotic financial instruments that fueled this run up will be available to the select few people they were created to serve.
I'm keeping...
I think everything is leading up to the new disclosure rules on Level 3 assets. I feel the banks are trying to "weather the storm" in order to avoid huge shocks to their market value when they have disclose the value of their "toxic" assets.
Ah the good old days. Gold is already hovering around $840 and if the Fed lowers rates more, it will definitely break $1000.
Curious to know if anyone has read Paul's books on economics or knows anything about "Mises and Austrian Economics"...
Even with a 20% reduction, I probably couldn't afford it.
500k gets reduced to 400k.
I'm sorry but maybe when it gets to around 250k (lol) then I'll start considering it.
Ron Paul's comments on the housing bailout and subprime on CNBC
http://www.youtube.com/watch?v=SrJ4MI63yrk
My Favorite Quote in the Interview
Ron Paul: Of course they never asked about why the people who couldn't qualify get into the mortgage in the first place.