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Why the Foreclosure Crisis is Getting Worse

By Patrick   Follow   Sun, 28 Oct 2012, 12:52pm   691 views   6 comments
In Menlo Park CA 94025   Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://money.usnews.com/money/blogs/my-money/2012/10/22/worried-about-your-home-why-the-foreclosure-crisis-is-getting-worse

Austan Goolsbee, the former chairman of the Council of Economic Advisers, said, "I think there's a lot wrong in the housing market. If Fannie and Freddie would start enabling people to rent out the vacant homes, that would also help.

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1. robertoaribas Follow Befriend (23) 55 threads 3,762 comments Scottsdale, AZ robertoaribas's website

   1   1:27pm Sun 28 Oct 2012   Share   Quote   Permalink   Like   Dislike   C'mon Patrick, that article isn't even well written... These doom articles... They are so weak these days, it's just not like the good old days.... Sigh.

2. E-man Follow Befriend (31) 34 threads 2,543 comments San Jose, CA Premium

   2   4:53pm Sun 28 Oct 2012   Share   Quote   Permalink   Like (1)   Dislike   "Foreclosure crisis is getting worse." Fantastic. Bring it on.

3. robertoaribas Follow Befriend (23) 55 threads 3,762 comments Scottsdale, AZ robertoaribas's website

   3   5:06pm Sun 28 Oct 2012   Share   Quote   Permalink   Like (1)   Dislike   "The government has monitored the settlement program, and has reported that the 5 most significant banks has provided around $10.6 billion in total, as the aid money starting from only from March 1 through that of June 30." straight from the article... did you idiots even read it, before claiming it was a good article???? hahahaha!

4. robertoaribas Follow Befriend (23) 55 threads 3,762 comments Scottsdale, AZ robertoaribas's website

   4   5:40pm Sun 28 Oct 2012   Share   Quote   Permalink   Like (3)   Dislike   Darrell In Phoenix says Roberto, When are you liars going to get honest with the public about housing? what part of quoting from the article you praised is lying? so sad, that you didn't even read the article, and are so lacking in thinking ability!

5. The Professor Follow Befriend (5) 24 threads 1,300 comments Premium

   5   8:09am Mon 29 Oct 2012   Share   Quote   Permalink   Like   Dislike   robertoaribas says "The government has monitored the settlement program, and has reported that the 5 most significant banks has provided around $10.6 billion in total, as the aid money starting from only from March 1 through that of June 30." The "aid" the banks have provided is to write off the difference between what the borrower owed and what they could short sale the massively overpriced real estate for. This only helps the bank and the cash investor, not the struggling home owners. The banks would not help starving children unless there was a profit motive, it's their nature.

6. Nobody Follow Befriend 10 threads 272 comments San Jose, CA

   6   10:22am Mon 29 Oct 2012   Share   Quote   Permalink   Like   Dislike   I am a pessimist and hoping that our housing market crush so more. But for Silicon Valley. That is not the case. I am glad I bought a house last year. It is going up by more than 20%. I am getting scared.