Comments on: Let’s Leave The Real Estate Market Alone http://www.thelibertypapers.org/2007/08/31/lets-leave-the-real-estate-market-alone/ Life. Liberty. Property. Defending individual freedom and liberty, one post at a time. Mon, 17 Jun 2013 22:29:16 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Chris Kachouroff http://www.thelibertypapers.org/2007/08/31/lets-leave-the-real-estate-market-alone/#comment-36436 Chris Kachouroff Tue, 04 Sep 2007 12:40:54 +0000 http://www.thelibertypapers.org/2007/08/31/lets-leave-the-real-estate-market-alone/#comment-36436 You all got it wrong. All we have to do is print more paper money then everything will be okay. We just have to do it slowly so people don’t feel the hit right away. Then everything is hunky dory once again and we can start tinkering with interests rates.

It’s like walking down the streets and throwing a rock through all the glass windows—then you can claim, “Oh joy! the window market looks like it’s coming back!)

]]> By: Max http://www.thelibertypapers.org/2007/08/31/lets-leave-the-real-estate-market-alone/#comment-36279 Max Sun, 02 Sep 2007 17:31:21 +0000 http://www.thelibertypapers.org/2007/08/31/lets-leave-the-real-estate-market-alone/#comment-36279 We all look for to the government as some sort of Big Brother that is expected to save us when we get in trouble. If an FDA approved drug is found to be defective after it is released on the market the manufacturer must bear the financial consequences of pulling the drug and settling the law suites brought by the people who are harmed. The government does not step in and save anyone.

In the case of these exotic ARM’s they were written within the confines of our laws. And now the lenders must handle the consequences of their decisions. And if the people feel damaged because they think the loans were miss-represented to them. Let them seek damages in court.
The lenders are experts in their field and should have known better. I seems that greed and power does things to men in power.

The people who mortgaged using exotic teaser rate ARM’s probably were far less educated and may have been damaged do to miss-representation by the mortgage loan officer and perhaps the way the loan documentation was written.

The real looser here are the American people who mortgage responsibly and pay their loans or own their homes outright. Their home equity and economy has been affected in a real and tangible way.
What we have in the United States today is a MORTGAGE CRISIS CAUSING A REAL ESTATE CRISIS with falling home values damaging the responsible citizen home owners of this country. The mortgage industries irresponsibility has damaged our employment in all aspects of the housing industry.
In my mind the mortgage industry has exhibited irresponsible greed without regard for our economy or anyone’s interest but their own short term success. In short the Mortgage Industry has shown them selves to be money mongers without morals or ethics.

]]> By: UCrawford http://www.thelibertypapers.org/2007/08/31/lets-leave-the-real-estate-market-alone/#comment-36185 UCrawford Sat, 01 Sep 2007 14:40:58 +0000 http://www.thelibertypapers.org/2007/08/31/lets-leave-the-real-estate-market-alone/#comment-36185 And you forgot to mention all the lender’s other customers who get hosed if the bank makes enough loans that people default on and the bank goes under.

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