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Economy

dkf

(37,305 posts)

14. Are condos a small enough % that the real estate market can be fixed without it?

Reply to Yo_Mama (Reply #9)

Mon Jan 16, 2012, 08:42 AM

Jan 2012

Edit to add that townhouses are also affected. Because our land is limited on an island, we have a whole lot of properties that fall into these categories not to mention that many of our houses are jumbos.

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Why not cramdowns instead of another bankster rescue? [View all] eridani Jan 2012 OP

Get the facts straight - taxpayers aren't paying 750 billion Yo_Mama Jan 2012 #1

Investing 3 trillion and getting 77 billion is not a lot of money. It's less than 3%. mbperrin Jan 2012 #2

That was just for one year, and all expenses are paid out of earnings. Yo_Mama Jan 2012 #4

The 3 trillion figure came from YOUR original link. mbperrin Jan 2012 #7

But that money doesn't come from taxpayers Yo_Mama Jan 2012 #10

I wanted to make another comment on the global problem Yo_Mama Jan 2012 #12

Several things Sam1 Jan 2012 #16

You mean spending is not limited when you have a sovereign currency, not debt, right? Yo_Mama Jan 2012 #18

I ment what I said. Sam1 Jan 2012 #20

Are you aware that the banks are still "borrowing" from the Fed - truedelphi Jan 2012 #8

That's not borrowing from the Fed Yo_Mama Jan 2012 #11

Call it what you want but William Black and Allan Grayson wouldn't truedelphi Jan 2012 #13

First of all, it looks to me, like Sam1 Jan 2012 #17

As many others here probably know, truedelphi Jan 2012 #21

Cherry pick much? westerebus Jan 2012 #19

How do cramdowns and mass bank liquidations fix anything? dkf Jan 2012 #3

You can't make mortgage loans when rates are this low. Yo_Mama Jan 2012 #5

You run into non-warrantable condos? dkf Jan 2012 #6

Condos can be a real mess Yo_Mama Jan 2012 #9

Are condos a small enough % that the real estate market can be fixed without it? dkf Jan 2012 #14

It depends on your area Yo_Mama Jan 2012 #15