Comments on: Where Are the Buyers? http://www.ritholtz.com/blog/2009/04/where-the-buyers/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sun, 21 Mar 2010 03:22:40 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Mortgage Rates Down, But Are Americans Able To Tap Them? | Home Loan Focus http://www.ritholtz.com/blog/2009/04/where-the-buyers/comment-page-1/#comment-165202 Mortgage Rates Down, But Are Americans Able To Tap Them? | Home Loan Focus Sat, 25 Apr 2009 21:43:49 +0000 http://www.ritholtz.com/blog/2009/04/where-the-buyers/#comment-165202 [...] to a comment in response to a posting by Peter Boockvar on  The Big Picture blog  the real issue at hand is the new, stricter lending standards. There are fewer and fewer loan [...] [...] to a comment in response to a posting by Peter Boockvar on  The Big Picture blog  the real issue at hand is the new, stricter lending standards. There are fewer and fewer loan [...]

]]> By: Mortgage Rates Down, But Are Americans Able To Tap Them? : RMI Atlantic http://www.ritholtz.com/blog/2009/04/where-the-buyers/comment-page-1/#comment-165047 Mortgage Rates Down, But Are Americans Able To Tap Them? : RMI Atlantic Sat, 25 Apr 2009 04:01:02 +0000 http://www.ritholtz.com/blog/2009/04/where-the-buyers/#comment-165047 [...] to a comment in response to a posting by Peter Boockvar on  The Big Picture blog  the real issue at hand is the new, stricter lending standards. There are fewer and fewer loan [...] [...] to a comment in response to a posting by Peter Boockvar on  The Big Picture blog  the real issue at hand is the new, stricter lending standards. There are fewer and fewer loan [...]

]]> By: Mortgage Rates Down, But Are Americans Able To Tap Them? | Mortgage 101 Blog http://www.ritholtz.com/blog/2009/04/where-the-buyers/comment-page-1/#comment-164661 Mortgage Rates Down, But Are Americans Able To Tap Them? | Mortgage 101 Blog Fri, 24 Apr 2009 04:52:07 +0000 http://www.ritholtz.com/blog/2009/04/where-the-buyers/#comment-164661 [...] to a comment in response to a posting by Peter Boockvar on  The Big Picture blog  the real issue at hand is the new, stricter lending standards. There are fewer and fewer loan [...] [...] to a comment in response to a posting by Peter Boockvar on  The Big Picture blog  the real issue at hand is the new, stricter lending standards. There are fewer and fewer loan [...]

]]> By: FromLori http://www.ritholtz.com/blog/2009/04/where-the-buyers/comment-page-1/#comment-164288 FromLori Thu, 23 Apr 2009 08:53:14 +0000 http://www.ritholtz.com/blog/2009/04/where-the-buyers/#comment-164288 In the unemployment lines and at Bankruptcy court... In the unemployment lines and at Bankruptcy court…

]]> By: danm http://www.ritholtz.com/blog/2009/04/where-the-buyers/comment-page-1/#comment-164256 danm Thu, 23 Apr 2009 01:15:47 +0000 http://www.ritholtz.com/blog/2009/04/where-the-buyers/#comment-164256 I want the economy to turn around so everybody can get the opportunity to practice those values of hard work and savings. ------------------ The faster the economy turns around, the less there will be an incentive to value hard work and savings. These values will only come back after some hardship is felt. I want the economy to turn around so everybody can get the opportunity to practice those values of hard work and savings.
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The faster the economy turns around, the less there will be an incentive to value hard work and savings.

These values will only come back after some hardship is felt.

]]> By: DeDude http://www.ritholtz.com/blog/2009/04/where-the-buyers/comment-page-1/#comment-164155 DeDude Wed, 22 Apr 2009 20:35:36 +0000 http://www.ritholtz.com/blog/2009/04/where-the-buyers/#comment-164155 I think CPJ13 has the real answer. A lot of people who are fully capable of paying the loans are simply not able to come up with the downpayment or qualify under the current stringent guidelines. If that is correct then the stimulus bills tax credit for new homowners will fail to do much for the housing market. It also means that lower interest rates and/or lower prices will have minimal effects. Even though the previous “standards” were clearly a joke and had to be tightened, the problem is, just as with the banks, that you have to do it slowly to avoid creating havoc. But how can we politically get to a point where F&F can be allowed to be a little more irresponsible and then hand over the bill for such behaviour to Uncle Sam. All this old fart moralizing about “saving” and “responsible behaviour” and “bla. bla. bla” may feel good for those practizing it, but it won’t turn the economy around or help any of us responsible people who see our house values cut in half and our jobs disappear. I don’t give a s**t about moralitiy, I want the economy to turn around so everybody can get the opportunity to practice those values of hard work and savings. I think CPJ13 has the real answer. A lot of people who are fully capable of paying the loans are simply not able to come up with the downpayment or qualify under the current stringent guidelines. If that is correct then the stimulus bills tax credit for new homowners will fail to do much for the housing market. It also means that lower interest rates and/or lower prices will have minimal effects.

Even though the previous “standards” were clearly a joke and had to be tightened, the problem is, just as with the banks, that you have to do it slowly to avoid creating havoc. But how can we politically get to a point where F&F can be allowed to be a little more irresponsible and then hand over the bill for such behaviour to Uncle Sam. All this old fart moralizing about “saving” and “responsible behaviour” and “bla. bla. bla” may feel good for those practizing it, but it won’t turn the economy around or help any of us responsible people who see our house values cut in half and our jobs disappear. I don’t give a s**t about moralitiy, I want the economy to turn around so everybody can get the opportunity to practice those values of hard work and savings.

]]> By: cttfinder http://www.ritholtz.com/blog/2009/04/where-the-buyers/comment-page-1/#comment-164054 cttfinder Wed, 22 Apr 2009 18:19:05 +0000 http://www.ritholtz.com/blog/2009/04/where-the-buyers/#comment-164054 OFHEO data suggests prices ticked higher my friend. See Professor Perry's post: Did The Housing Market Bottom in Late 2008? http://mjperry.blogspot.com/ OFHEO data suggests prices ticked higher my friend.

See Professor Perry’s post: Did The Housing Market Bottom in Late 2008?

http://mjperry.blogspot.com/

]]> By: How the Common Man Sees It http://www.ritholtz.com/blog/2009/04/where-the-buyers/comment-page-1/#comment-164036 How the Common Man Sees It Wed, 22 Apr 2009 17:46:54 +0000 http://www.ritholtz.com/blog/2009/04/where-the-buyers/#comment-164036 Nice changeup Barry. The new site look is growing on me already. I don't miss the old one Nice changeup Barry. The new site look is growing on me already. I don’t miss the old one

]]> By: drollere http://www.ritholtz.com/blog/2009/04/where-the-buyers/comment-page-1/#comment-164020 drollere Wed, 22 Apr 2009 17:15:13 +0000 http://www.ritholtz.com/blog/2009/04/where-the-buyers/#comment-164020 it costs more to buy today than to buy tomorrow. what's mysterious? and financing criteria have been sharply strengthened. my local bank requires a dna swab, financial records back to 1974, and a federal database search. guess their serious about that creditworthiness thing. it costs more to buy today than to buy tomorrow. what’s mysterious?

and financing criteria have been sharply strengthened. my local bank requires a dna swab, financial records back to 1974, and a federal database search. guess their serious about that creditworthiness thing.

]]> By: greg http://www.ritholtz.com/blog/2009/04/where-the-buyers/comment-page-1/#comment-164002 greg Wed, 22 Apr 2009 16:51:14 +0000 http://www.ritholtz.com/blog/2009/04/where-the-buyers/#comment-164002 @CPJ13 SAVING for a downpayment. Bout time. The policy of giving 100% mortgages should never, under any circumstances, have taken place. If you can't afford a house, you rent. If you want one bad enough, find a way. A lot of people walking away from their mortgages now are doing so because they've got no money into it. Why would they stay? @CPJ13

SAVING for a downpayment. Bout time. The policy of giving 100% mortgages should never, under any circumstances, have taken place. If you can’t afford a house, you rent. If you want one bad enough, find a way. A lot of people walking away from their mortgages now are doing so because they’ve got no money into it. Why would they stay?

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