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It's actually such a basic concept that it might be useful to highlight. Increasing supply can lower prices, and those lower prices can increase demand. These curves are impacted differently when you talk about investments vs. necessary goods - food/gas.

Do they do two types of analysis per appraisal - comp sales & rental equivalent? I would imagine that the rental equivalent number would be more stable.

I'll use actual numbers - if you bought that $1M home in '06, it could be selling for $500k today. It will take a very long time to get back to $1M. So 2 years out, you're not only out your $200k dp, but $300k you'd have to put up to keep your credit clean. As hedge funds and investment...

These can also happen with 10-20% dp's if "appreciation" was fast enough. From a new purchase of $1M to a bubbly $1.65M leaves plenty of room to squeeze a 10% dp. I posted an example to the blog where only one partial month payment was listed in the final judgement of foreclosure. What made...

He's got a twitter feed to follow the progress of his unpaid loans - mortgagebum http://twitter.com/mortgagebum

Anything other than a 1st home should not get. He should have to declare BK to get those loans cleared. He can afford the pay-option variant, but wouldn't afford a fixed fully-amortizing version. He is the type of 'owner' I'd like to see banks go after to make full the original loans. His...