Comments on: Had About Enough of the Mortgage Crisis Talk http://columbushomesblog.com/2007/11/27/had-about-enough-of-the-mortgage-crisis-talk/ Just another realestatetomato.net weblog Sun, 07 Mar 2010 03:13:22 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Joe Peffer http://columbushomesblog.com/2007/11/27/had-about-enough-of-the-mortgage-crisis-talk/comment-page-1/#comment-4783 Joe Peffer Wed, 28 Nov 2007 17:28:37 +0000 http://www.columbushomesblog.com/2007/11/27/had-about-enough-of-the-mortgage-crisis-talk/#comment-4783 OK Chris, I don't disagree. Real people have lost their real homes all across the country. Giant corporations have been humbled because of their investments in mortgage backed securities. But this is a local real estate blog and I take great pains not to go off on tangents that'll lead to national stats and figures. I rarely even delve into stories or other bloggers in the real estate and mortgage and technology and marketing worlds i read everyday. Inside 270, do you think we'll see a "sharp, sharp, sharp drop in values"? OK Chris, I don’t disagree.
Real people have lost their real homes all across the country. Giant corporations have been humbled because of their investments in mortgage backed securities.

But this is a local real estate blog and I take great pains not to go off on tangents that’ll lead to national stats and figures.

I rarely even delve into stories or other bloggers in the real estate and mortgage and technology and marketing worlds i read everyday.

Inside 270, do you think we’ll see a “sharp, sharp, sharp drop in values”?

]]> By: Chris Johnson http://columbushomesblog.com/2007/11/27/had-about-enough-of-the-mortgage-crisis-talk/comment-page-1/#comment-4781 Chris Johnson Wed, 28 Nov 2007 12:24:22 +0000 http://www.columbushomesblog.com/2007/11/27/had-about-enough-of-the-mortgage-crisis-talk/#comment-4781 The mortgage crisis is WAY WORSE than anyone can imagine, we're not even in the darkets days. The release valve--sell your house if you're in trouble--is gone. It's either ignorant or disingenuous to say otherwise. We will see a sharp, sharp, sharp drop in values, based not on speculation, but on basic mathematics. Right now FNMA and FCLMC ARe adding more bad deals to the pile. That said, even in Naples, FL, ground zero of all of the nonsese, there are deals to be had. One deal doesn't make the market, and individual buyers can buy good houses,get good deals, just like individual stock owners could in 2000, pre .com bubble. http://blownmortgage.com/2007/11/26/why-2011-might-not-even-be-the-end/ The mortgage crisis is WAY WORSE than anyone can imagine, we’re not even in the darkets days. The release valve–sell your house if you’re in trouble–is gone. It’s either ignorant or disingenuous to say otherwise. We will see a sharp, sharp, sharp drop in values, based not on speculation, but on basic mathematics.

Right now FNMA and FCLMC ARe adding more bad deals to the pile.

That said, even in Naples, FL, ground zero of all of the nonsese, there are deals to be had. One deal doesn’t make the market, and individual buyers can buy good houses,get good deals, just like individual stock owners could in 2000, pre .com bubble.

http://blownmortgage.com/2007/11/26/why-2011-might-not-even-be-the-end/

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