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<p>"I think it will actually become fashionable to walk."</p> <p>I agree with you lawyerliz. Just as the heard jumped off the abyss into insane mortgages, so will they start to just walk away - "insanely" in the sense that these were obligations that they promised to keep and in other times...

<p>"After the mass foreclosures of 2007 and 2008, things will be pretty normal moving forward. "</p> <p>Care for a third cup of kool-aid?</p> <p>Unless, of course, if by "normal" you mean anyone with a loan reset - regardless of type of loan, who was banking on re-financing based on a higher...

I would say the high rise developers were looking 50 years down the road!

<p>Mandatory savings would be interesting. Our pay stubs would have the following deduction lines: "Pretend Savings for the Future (Social Security): $10X..." and underneath it, "Actual Savings for the Future (Your Security): $X..."</p>

I say repeal the deduction now and reinstate it in 5 years...after I buy my house!

I wanted to know how many of the 100+ foreclosed homes that the realtor was trying to sell were homes that he originally sold!

<p>"What ticks me off is the end result is they are artificially propping up an asset that I want, with my tax money, so my cost later will be higer. Great thinking."</p> <p>My thoughts exactly. Just another way to screw the people that are not in houses yet. Another burden for the next...

"If you don’t see a home in your price range or desired area, <em>then wait a couple of years and you will!"</em>

<p>"...in what year that there was a YOY job loss in that sector for December in the last 17 years? Here is a hint... there has only been 1 year that has happened."</p> <p>My first guess is 1991 when our local economy was as bad as it was during the depression.</p> <p>My second guess is 2001...

<p>Very informaive article - worth taking notes!</p> <p><strong>NOTE TO SELF: WHEN FLIPPING HOUSE DURING NEXT BUBBLE:</strong></p> <p><strong>1) Do NOT buy house in area you don't like, in case you get stuck there!</strong></p> <p><strong>2) Do NOT rely solely on RE agent for advice on...

<p>"Its no surprise they cant keep track of the REO`s. "</p> <p>Sure they can. It's called "log-scale" graph paper.</p>

<p>CONGRESS: "How dare you, Mr. Mozillo, make sooo much money when your industry has now caused so much trouble!"</p> <p>MOZILLO: "Wait a second! For the past 8 years I stuffed your pockets with money and was the main reason why the economy kept buzzin along - especially after 9/11...

<p>"There are also a big rumor that US will attack North Korea this year for not keeping all the promises to clean up their nuclear weapon stuff. With that threat, I'm pretty sure many well to do Koreans will try to escape to US."</p> <p>There is only one well-to-do Korean in N. Korea - the...

<p>So, if there is ever a 911 call from that house, you'll know EXACTLY where it is!</p> <p>Have fun tomorrow!</p>

<p>U-Haul dealer.</p>

<p>Re: Standard Pacific</p> <p>They are building a unit right next, perhaps even ATTACHED, to the garage of that beautiful mission-type office building on Newport Ave., just right before the 55 as you head out of Newport.</p> <p>I pass by it all the time, yet I NEVER have seen anyone working...

<p>WASHINGTON, Jan 11 (Reuters) - A top U.S. lawmaker on Friday urged Countrywide Financial Corp (CFC.N: <a href="http://www.reuters.com/stocks/quote?symbol=CFC.N">Quote</a>, <a href="http://www.reuters.com/stocks/companyProfile?symbol=CFC.N">Profile</a>, <a...

<p>Hate to follow an insightful post with one that isn't so much, but...</p> <p>Seems like where ever you go, you see a CFC branch. An outsider would think we get loans as frequently as a coffee at Starbucks and to an extent, many people did undertake the loan process with about as much...

Why were they fighting in the Roman Colliseum? Was it over that cat?

<p>This just in:</p> <p>National Mortgage News 2009 Projected Circulation: 10</p>