"Good point about inflation... it's really sad to say that inflation might be the saving factor for a lot of people... but rampant inflation over the next 5 years or so might actually do us good as those inflated home prices will suddenly be balanced out. Considering how fast we seem to be printing money I actually wouldn't be surprised if inflation jumped into the picture for a while. But isn't the government trying to spurn spending by doing everything they can to quash inflation for..."    View Post

"Thanks for your input Bob. Interestingly I just talked to another friend last night who is actively looking to let his house slip because it "just doens't make financial sense to keep it". It will be interesting to see how it plays out, especially for people like me who made first time homebuyer (and then some) mistakes and the house they bougt as home is now the place they are looking to get out of as soon as possible. I would assume that despite my intentions going in, that will make..."    View Post

"Hehe my spare time is at a desk between phone calls and I type fast :) Suffice to say I can't do much educating in place of my typing. Even so I don't necessarily think I could educate people in the way you are suggesting, mainly becuase I don't see what there is to educate? I mean if it's "learn about the economy so you can be responsible" that's great but heck even people who's jobs it is to deal with the economy are woefully undereducated, I am not sure it's..."    View Post

"Hey Bob... I assume you mean investment vs fulfilling a dream with that comment? I can see there is a difference, and certainly the home buyer will get more out of a purchase now than an investor, but since I believe most home buyers move about once a decade, doesn't that leave them in the same situation, at lesat financially, when it comes time to move? BTW Bob, I believe you are a broker, may I ask what your feeling is on the issue of how people view defaulting on a loan?"    View Post

"Kelcey I think the 2003-2007ers got out limitedly hurt one way or another. If they were foreclosed on, they really didn't have a choice and those who just walked did so because things became so DRASTICALLY worse there was just no rationality to any other action. 2008-20011 buyers are not in the same boat... if the housing market tumbles to the point that current buyers are entirely screwed (let's say a house sold for $500k in 07, $300k in 09 and will sell for $100k in 2015) then yes it could..."    View Post