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I stopped reading after this quote: "Even if home sales pick up, how can home prices stop falling with so many houses vacant and unsold? The flip but true answer: because they always do."

IrvineRenter, I believe I just learned from this thread the original lender can offer to refinance the original loan and this new loan now becomes a recourse loan. I consider myself a reasonably intelligent person and am shocked to discover this. True, I've never bought a home before, but...

SoCalGal, I'm really glad you have kept your cool so far. You have provided information to back your points. I call that discussion. We can all learn from an opposing viewpoint. That said, please keep in mind as somebody mentioned earlier, it is not wise to look at the subset of...

A flat tax is unfair because "A flat tax makes the poor poorer and the rich richer."? So if 10% of Bob's income is $100 and 10% of Carl's income is $1000, and both pay their flat 10% income tax, then Bob is short 10% of his income and Carl is short 10% of his income. Didn't they both lose...

I'm sincerely surprised to hear someone say that a flat tax is not fair. Why would a 10% tax levied on everyone (no deductions or loopholes) be unfair?

Thank you for starting this thread flmgrip, otherwise I would have. This plan is wrong on so many levels: 1. Another huge waste of tax payer's money. If this actually affected the outcome of the recession, I would gladly eat my words, but isn't it obvious it won't? 2. As with...

Does anybody else see the U.S. falling into the same post-bubble trouble as Japan had in its "lost decade" (<a href="http://en.wikipedia.org/wiki/History_of_Japan#The_.27Lost_Decade.27">en.wikipedia.org/wiki/History_of_Japan#The_.27Lost_Decade.27</a>). Looking at the last three major...

Pardon me, but I wonder if someone could point me to long-term historical data (numbers with dates) for the Federal Funds Rate? For example, <a href="http://www.federalreserve.gov/fomc/fundsrate.htm">www.federalreserve.gov/fomc/fundsrate.htm</a> lists the Federal Funds Rate, but only from...

I looked into a reverse mortgage in an effort to help my mom (who refi'ed herself into oblivion with an option arm). I see this thread as an opportunity to disseminate what I've learned. Please feel free to correct me. I'm not a real estate or law professional. I found FHA has a program...

I must have missed what the thesis actually was. Something to do with high-paying jobs I'm sure. As for the negative savings rate, I don't see much difference between -0.05 and 0.05, let's just call it zero, as in, America (as a nation) has stopped saving altogether. What a great...

First, perhaps some definitions are in order: Morality - concern with the distinction between good and evil or right and wrong; right or good conduct. Responsibility - duty: the social force that binds you to the courses of action demanded by that force. Calamity - a state of deep...

Graphix, your charts are truly inspiring. Take for example the decline in plans to carpet. Is carpet to the 90's what vinyl and formica were to the '70s? Also, the "plan to buy a house in the next 6 months" category totally caught me off guard. You mean more people planned to buy a...

Dr. Housing Bubble has the following post about legislation that screws the financially-responsible, patient citizens of America. <a...