Comments on: Foreclosure City http://thedemocraticdaily.com/2007/10/27/foreclosure-city/ Political News, Progressive Commentary, Liberal Opinions and Common Sense Conversation... Fri, 10 Feb 2012 00:40:44 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: The Democratic Daily http://thedemocraticdaily.com/2007/10/27/foreclosure-city/comment-page-1/#comment-517 The Democratic Daily Tue, 30 Oct 2007 21:42:01 +0000 http://thedemocraticdaily.com/2007/10/27/foreclosure-city/#comment-517 <strong>Confessions of a Mortage Broker: One Perspective on the Impending Housing Meltdown...</strong> As home prices continue to slide and we are in the midst of record forclosures, as Pamela noted here a few days ago, I wanted to share with readers my prespective of the impending housing meltdown. I first began selling mortgages in 1993. At that time... Confessions of a Mortage Broker: One Perspective on the Impending Housing Meltdown…

As home prices continue to slide and we are in the midst of record forclosures, as Pamela noted here a few days ago, I wanted to share with readers my prespective of the impending housing meltdown.
I first began selling mortgages in 1993. At that time…

]]> By: The Moderate Voice http://thedemocraticdaily.com/2007/10/27/foreclosure-city/comment-page-1/#comment-447 The Moderate Voice Mon, 29 Oct 2007 07:10:52 +0000 http://thedemocraticdaily.com/2007/10/27/foreclosure-city/#comment-447 <strong>Around The Sphere Blogging Roundup October 29, 2007...</strong> Our link-fest offering readers links to blog posts from websites of many different viewpoints. Linked posts do NOT necessarily reflect the opinion of TMV or its writers. INVESTIGATIVE ORIGINAL BLOG REPORTING ON JAMES DOBSON comes via TMV co-blogger S... Around The Sphere Blogging Roundup October 29, 2007…

Our link-fest offering readers links to blog posts from websites of many different viewpoints. Linked posts do NOT necessarily reflect the opinion of TMV or its writers.
INVESTIGATIVE ORIGINAL BLOG REPORTING ON JAMES DOBSON comes via TMV co-blogger S…

]]> By: The Moderate Voice http://thedemocraticdaily.com/2007/10/27/foreclosure-city/comment-page-1/#comment-448 The Moderate Voice Mon, 29 Oct 2007 07:10:51 +0000 http://thedemocraticdaily.com/2007/10/27/foreclosure-city/#comment-448 <strong>Around The Sphere Blogging Roundup October 29, 2007...</strong> Our link-fest offering readers links to blog posts from websites of many different viewpoints. Linked posts do NOT necessarily reflect the opinion of TMV or its writers. INVESTIGATIVE ORIGINAL BLOG REPORTING ON JAMES DOBSON comes via TMV co-blogger S... Around The Sphere Blogging Roundup October 29, 2007…

Our link-fest offering readers links to blog posts from websites of many different viewpoints. Linked posts do NOT necessarily reflect the opinion of TMV or its writers.
INVESTIGATIVE ORIGINAL BLOG REPORTING ON JAMES DOBSON comes via TMV co-blogger S…

]]> By: Pamela Leavey http://thedemocraticdaily.com/2007/10/27/foreclosure-city/comment-page-1/#comment-411 Pamela Leavey Sun, 28 Oct 2007 03:23:39 +0000 http://thedemocraticdaily.com/2007/10/27/foreclosure-city/#comment-411 Bryan You are right on all counts I think. With gas prices sky high the prices of other goods are rising because companies are forced to pay more for production and shipping. I know that it is something that has affected my business. My vendors are charging me more for the goods to produce my products and I then have to raise my prices. And I'm in an "low end" luxury item market, and those are among the first things to go when people cut back. Bryan

You are right on all counts I think. With gas prices sky high the prices of other goods are rising because companies are forced to pay more for production and shipping. I know that it is something that has affected my business. My vendors are charging me more for the goods to produce my products and I then have to raise my prices. And I’m in an “low end” luxury item market, and those are among the first things to go when people cut back.

]]> By: Pamela Leavey http://thedemocraticdaily.com/2007/10/27/foreclosure-city/comment-page-1/#comment-410 Pamela Leavey Sun, 28 Oct 2007 03:20:28 +0000 http://thedemocraticdaily.com/2007/10/27/foreclosure-city/#comment-410 Darrell If I am not mistaken you have some knowledge of the mortage industry. Would be great if you could write a post for us about what is going on. Darrell

If I am not mistaken you have some knowledge of the mortage industry. Would be great if you could write a post for us about what is going on.

]]> By: Bryan Siddell http://thedemocraticdaily.com/2007/10/27/foreclosure-city/comment-page-1/#comment-409 Bryan Siddell Sun, 28 Oct 2007 02:35:39 +0000 http://thedemocraticdaily.com/2007/10/27/foreclosure-city/#comment-409 It is not just the housing market that is causing all the problems, nor is it what will be the cause of a recession. If you may have noticed, in the driveways of most of these new homes you will find a gas guzzler. Gas prices have gone through the roof, and it ain't no where near where it's going to be soon. Food prices have soared, insurance (both home and health) are outrageous. And the taxes we pay on these over inflated priced homes is just crazy! People are paying way more for things now than BB (before Bush). People are being laid off from jobs faster than anyone can keep up with. The working class in America are just flat broke across the board, and there is no "disposable" income left to support a moving economy. So to truethfully place the blame, it would come squarely on the heels of the after 9/11 expendatures... and we all know who to blame for that! It's payback time now for all those rich bitches that have been cheatin' us working class poor folks for way too long now! It is not just the housing market that is causing all the problems, nor is it what will be the cause of a recession. If you may have noticed, in the driveways of most of these new homes you will find a gas guzzler. Gas prices have gone through the roof, and it ain’t no where near where it’s going to be soon. Food prices have soared, insurance (both home and health) are outrageous. And the taxes we pay on these over inflated priced homes is just crazy! People are paying way more for things now than BB (before Bush). People are being laid off from jobs faster than anyone can keep up with. The working class in America are just flat broke across the board, and there is no “disposable” income left to support a moving economy. So to truethfully place the blame, it would come squarely on the heels of the after 9/11 expendatures… and we all know who to blame for that! It’s payback time now for all those rich bitches that have been cheatin’ us working class poor folks for way too long now!

]]> By: Darrell Prows http://thedemocraticdaily.com/2007/10/27/foreclosure-city/comment-page-1/#comment-404 Darrell Prows Sat, 27 Oct 2007 23:00:28 +0000 http://thedemocraticdaily.com/2007/10/27/foreclosure-city/#comment-404 The points raised here understate the severity of the problem. Because of changes in mortgage lending guidelines, about 40% of the people who were able to buy a home last year would not qualify for any financing today. Builders completing homes ordered six to nine months ago are feeling the impact of this reality because huge numbers of their "customers" are simply walking away from their deposits because their loan applications are being denied. The foreclosures are flooding markets with cheap homes, driving down the values in community after community, and the homes are still not selling because of a lack of qualified buyers. The points raised here understate the severity of the problem. Because of changes in mortgage lending guidelines, about 40% of the people who were able to buy a home last year would not qualify for any financing today. Builders completing homes ordered six to nine months ago are feeling the impact of this reality because huge numbers of their “customers” are simply walking away from their deposits because their loan applications are being denied. The foreclosures are flooding markets with cheap homes, driving down the values in community after community, and the homes are still not selling because of a lack of qualified buyers.

]]> By: Foreclosure City http://thedemocraticdaily.com/2007/10/27/foreclosure-city/comment-page-1/#comment-391 Foreclosure City Sat, 27 Oct 2007 09:34:48 +0000 http://thedemocraticdaily.com/2007/10/27/foreclosure-city/#comment-391 <p>[...] unknown wrote an interesting post today onHere’s a quick excerptThe San Francisco Chronicle reports, “More than $23.6 billion in California housing wealth will evaporate if real estate prices continue to decline and foreclosures on subprime home loans soar.” Things look bleak… very bleak: … [...]</p> [...] unknown wrote an interesting post today onHere’s a quick excerptThe San Francisco Chronicle reports, “More than $23.6 billion in California housing wealth will evaporate if real estate prices continue to decline and foreclosures on subprime home loans soar.” Things look bleak… very bleak: … [...]

]]> By: Foreclosure City http://thedemocraticdaily.com/2007/10/27/foreclosure-city/comment-page-1/#comment-390 Foreclosure City Sat, 27 Oct 2007 08:22:28 +0000 http://thedemocraticdaily.com/2007/10/27/foreclosure-city/#comment-390 <p>[...] Read the rest of this great post here [...]</p> [...] Read the rest of this great post here [...]

]]> By: Foreclosure City http://thedemocraticdaily.com/2007/10/27/foreclosure-city/comment-page-1/#comment-389 Foreclosure City Sat, 27 Oct 2007 07:58:25 +0000 http://thedemocraticdaily.com/2007/10/27/foreclosure-city/#comment-389 <p>[...] unknown wrote an interesting post today onHere’s a quick excerptI moved to Los Angeles in January ‘90, when foreclosures were a booming business for real estate auctioneers in the area. Those real estate auctioneers rejoiced in raking in the dough off the backs of those whose lost their houses, … [...]</p> [...] unknown wrote an interesting post today onHere’s a quick excerptI moved to Los Angeles in January ‘90, when foreclosures were a booming business for real estate auctioneers in the area. Those real estate auctioneers rejoiced in raking in the dough off the backs of those whose lost their houses, … [...]

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