As foreclosures mount, DC debates answers

[waitingtill08_IHB]

More bailout talk:

http://www.cnbc.com/id/15840232?video=477902343&play=1

Why do we need to keep these people in their homes? I have no sympathy for them. Let them lose the houses and learn their lessons. Then, maybe responsible people like the ones here can finally buy a house for a reasonable price. This bailout for the lenders under the guise of helping irresponsible borrowers makes me sick.

Ron Paul in '08 anyone?

 

[effenheimer_IHB]

Slightly different topic: Jim in North SD had taken off his velvet gloves and is waving his bear claws around. If OC and LA continue to follow SD, we're going to be impressed with the price drops. "Think we'll see an increase in velocity the next few months? It sure seems like it. We're going to see houses in Oceanside in the $200,000s again before the year is out, you watch."

Best wishes for homes anywhere in SoCal in $200's.

 

[effenheimer_IHB]

I love Tanta.

"We have just experienced an "Early Payment Default" crisis of unprecedented magnitude, and somebody is telling me I should stop worrying about whether a borrower can make the payment in the here and now. It's like dropping acid without the amusement value."