Dozens of Our Readers Report From the Housing Front

RE:Dozens of Our Readers Report From the Housing Front

Raj — Wed, 24 Oct 2007 11:00:00 GMT

Some of the builders in Loundon County VA are reducing the rates by 15% by the way of promotions. This would be a big hit on all people who have closed recently.

RE:Dozens of Our Readers Report From the Housing Front

Judy — Tue, 23 Oct 2007 11:00:00 GMT

I'm a broker. The inevitable has happened. The day the American people started gambling on their homes instead of choosing them to securely house their familes is the day this mess got started. (Carter/Reagan years). It's as if we forgot how to add and subtract. Greed overtook us and here we sit. A major correction is at hand and rightfully so.

RE:Dozens of Our Readers Report From the Housing Front

Marlon Vite — Tue, 23 Oct 2007 11:00:00 GMT

I am state licensed as a real estate broker, mortgage loan originator, credit counselor, real estate investor & general contractor. Subprime Mess: It is all created with the purpose of envirogating the economy by the ones that run our country i,e, mostly the attorneys that advice all corporations primarily the goverment and all its departments pure and quasi with the purpose of increasing the tax revenues on: sales, capital gains, personal incomes. The more "wealth" real or not, in the hands of people living/investing in the USA the more profitable for the goverment and investment companies.

"Exuberant economy" or likely virtual wealth means that all of us must work at least 3 months for taxes that's the rule, then if we read the fine prints, ask all sort of questions and do our numbers for the most important values in our individual economy (income/expenses+equity/inflation=financial growth ) beyond 10 years then we don't have to blame the goverment or any other business individual we met in our path to conquer financial freedom and credit literacy. The only sin from which all other sins originate is Ignorance not what just any doctrine want us to believe: Guns, cars, wars, religion, finance don't kill people or make then poor or misserable, it is people's primordial sin: Ignorance.

RE:Dozens of Our Readers Report From the Housing Front

Chris Johnson — Tue, 23 Oct 2007 11:00:00 GMT

It's funny what's allowed and what's not allowed in today's market. I saw people biting off more than they could chew, and nobody wanted to say no.

As a broker, if I said no, I'm insulting the customer, and jeoprodizing my relationship with the Realtor. As a Realtor, if I said no, getting the person financed was in jeoprady. As a lender, if I said no, no brokers would send me deals. As a consumer, if I said no, I'm not keeping up with the jones.

RE:Dozens of Our Readers Report From the Housing Front

Ed Gomez — Mon, 22 Oct 2007 11:00:00 GMT

Hard-money is the new subprime.With the subprime market the way it is in most cases Hard money is the only way to go.