HELOCs and HAMP to reset bring on Mortgage Crisis 2.0- Fact or Fiction?
invite response
2014 Sep 6, 10:34am 6,966 views 8 comments
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ChapulinColorado
2014 Sep 6, 10:49am
Sorry Max Keiser But The 2nd Housing Crisis Isn’t Coming. It’s Already HERE!
JH
2014 Sep 6, 11:02am
But since affordability has never been better, this 'crisis' will blow over. Housing never follows fundamentals and always goes up
bubblesitter
2014 Sep 6, 1:19pm
Despite all the gloom and doom, sold prices on redfin show otherwise. House is the only commodity that defies all the logic and should keep climbing up in value. What was the value of the same house 100 years ago?
JH
2014 Sep 6, 1:23pm
House is the only commodity that defies all the logic and should keep climbing up in value. What was the value of the same house 100 years ago?
What was the value of the same house 100 years ago?
Uh, my house is less than 30 years old, so the value versus what the value was 100 years ago is a lot more.
Tenpoundbass
2014 Sep 7, 1:28am
Let's all feel sorry for the class of people who haven't had to pay a single dime, not one thin red cent to their housing in the last 6 years, but are just now being foreclosed on.
ChapulinColorado
2014 Sep 9, 2:34pm
Let's all feel sorry for the class of people who haven't had to pay a single dime, not one thin red cent to their housing in the last 6 years, but are just now being foreclosed on.
Cappy, that is pure cynicism. That must really make you livid.
http://rt.com/shows/keiser-report/184764-episode-max-keiser-649/
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the impending second wave of the lastest mortgage crisis, this time due to Helocs (Home equity lines of credit) and HAMP (Home Affordable Modification Program) interest rate resets. In the second half, Max interviews Aaron Krowne on the true state of the housing market across America - from home ownership rates to mortgage arrears.
#housing