Comments on: Housing Market Ups And Downs http://www.topfinanceblog.com/housing-market-ups-and-downs/ Financial News, Information, and Commentary Wed, 10 Mar 2010 19:03:59 -0500 http://wordpress.org/?v=2.9.1 hourly 1 By: Mitch http://www.topfinanceblog.com/housing-market-ups-and-downs/comment-page-1/#comment-516 Mitch Wed, 17 Jun 2009 16:43:12 +0000 http://www.topfinanceblog.com/?p=277#comment-516 Hi Tim. I know there are never any simple answers to any of this stuff, which is why I kind of waffle in the middle with sarcasm. The truth is that the banks should have been working out deals with people a long time ago to help them keep their houses, and when they started working then they could have gone back to regular payments, picking up the mortgage as if it started again at the point where jobs were lost and such. After all, the banks had the government to help bail them out; who helps bail out the rest of us? Hi Tim. I know there are never any simple answers to any of this stuff, which is why I kind of waffle in the middle with sarcasm. The truth is that the banks should have been working out deals with people a long time ago to help them keep their houses, and when they started working then they could have gone back to regular payments, picking up the mortgage as if it started again at the point where jobs were lost and such. After all, the banks had the government to help bail them out; who helps bail out the rest of us?

]]> By: Tim Manni http://www.topfinanceblog.com/housing-market-ups-and-downs/comment-page-1/#comment-515 Tim Manni Wed, 17 Jun 2009 15:53:12 +0000 http://www.topfinanceblog.com/?p=277#comment-515 Hey Mitch, California just instituted a mortgage moratorium. That's only going to serve to prolong that state's housing crisis -- "delaying the inevitable" as some say. Interesting debate going on in your conclusion. On one hand we want our lawmakers to step up and solve the problems in the housing market. On the other hand, it's part of our capitalistic system -- "everyone deserves to make a buck." What's the answer? More government intervention? Time? It seems like we're all stuck in this cycle that we can't get out of. I'll the positive hints for know, but people are going to start to get real restless if the trend doesn't break soon. Thanks, Tim Hey Mitch,

California just instituted a mortgage moratorium. That’s only going to serve to prolong that state’s housing crisis — “delaying the inevitable” as some say.

Interesting debate going on in your conclusion. On one hand we want our lawmakers to step up and solve the problems in the housing market. On the other hand, it’s part of our capitalistic system — “everyone deserves to make a buck.”

What’s the answer? More government intervention? Time? It seems like we’re all stuck in this cycle that we can’t get out of.

I’ll the positive hints for know, but people are going to start to get real restless if the trend doesn’t break soon.

Thanks,
Tim

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