T******g
发帖数: 21328 | 1 【 以下文字转载自 Stock 讨论区 】
发信人: Sucker (Bottom Fish), 信区: Stock
标 题: Re: Real Estate reality
发信站: BBS 未名空间站 (Mon Nov 9 01:54:43 2009, 美东)
People who are unable to pay their mortgage are those who brought home in
2003-2007, their mortgage payments are mostly mortgage interests. The banks
really don't care too much if they miss a few payments because the money the
bank lent to home owners are interest free anyway. So rather than rushing
more foreclosure homes into the market to crush the home values, which harms
not only banks but also current home owners, the banks choose to release
foreclosure homes on pre-planned, limited base.
If you are on the real estate market, you will know how hot the foreclosure
homes are. For one home, at lease three or four bids come in, most above the
bank asking price, most such home went to investors. The new home buyers
have no chance in getting one, so they have to buy existing homes. That's
why you see the housing market are stablizing, and the Government keep low
interest rate and passed the law to extend home buy credits. Gradually, the
foreclosure home resources will be depleted in next 2-3 years. | h*******s
发帖数: 3932 | 2 Sucker (Bottom Fish)? hei hei..
His logic is messed up in this post.
banks
the
harms
【在 T******g 的大作中提到】
: 【 以下文字转载自 Stock 讨论区 】
: 发信人: Sucker (Bottom Fish), 信区: Stock
: 标 题: Re: Real Estate reality
: 发信站: BBS 未名空间站 (Mon Nov 9 01:54:43 2009, 美东)
: People who are unable to pay their mortgage are those who brought home in
: 2003-2007, their mortgage payments are mostly mortgage interests. The banks
: really don't care too much if they miss a few payments because the money the
: bank lent to home owners are interest free anyway. So rather than rushing
: more foreclosure homes into the market to crush the home values, which harms
: not only banks but also current home owners, the banks choose to release
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