Comments on: Home Foreclosure Rates Spiking

Stockton, Calif., Worst Off In 3rd Quarter Look At 100 Metropolitan Areas

[jetranger7]

Hey, if your in trouble, just get on the phone and call ol'' Richard Cheney over at the WH, he''s got money, he could help us all out of a jam !!!!! and ol'' George too !! But I thought I definetly remember them saying that this war would pay for itself from the IRAQI Oil revenues they retrieve ??? Doesn''t help much that this adminstration and the previous other 2 adminstrations allowed many US Companies to relocate and outsource many American Jobs to some foreign country ! Well its over - OFFICIALLY - America is over as we know it, these Corrupt politicians have sold us down the drain for so many years Thanks to Big Corportations and their Fraudulent lobbying efforts, that now were all going to suffer for decades to come, you, your kids, kids, Yip DOOM and DISPAIR is here, and theres NO ging back now, its OVER ! Bye America,you''ve been SOLD-OUT by Corrupt Politicians many decades over, your history, You were once a good thing. Thank-You ! Now let the Revolution begin and the Hangings take place right on the White House Steps, get those traders !

[andor3]

"... let the banks get stuck with tens of thousands of overpriced homes..."

Oh that ==is== a nice fantasy, banks with assets tied up in real estate falling in value like a rock. But it will not happen because banks do not want it to happen, and they seem to be calling the shots.

Maybe the banks have me brainwashed but it sounds scary, thinking what could happen to the economy in that scenario. But what is the alternative?

[brianbwb-2009]

means by corporations colluding to corner the market are the determining factors, not the average consumer. These are the times of Reagan''s "supply side" economics remember?

[brianbwb-2009]

Posted by jankebenz

Your analysis of supply and demand has been proven wrong long ago, the control of the supply by artificial, collusionary, and monopolistic practices creates artificial shortages, driving up prices. The average consumer does not influence the price of commodities, the large corporations that control the supply by buying and stockpiling large amounts do.

The theory you posit was taught in fourth grade civics class, while the students only look out the window at the gas pump to see the inaccuracy of such dangerous misinformation

[brianbwb-2009]

Posted by jankebenz

Your analysis of supply and demand has been proven wrong long ago, the control of the supply by artificial,

SUBPRIME?
BAD CREDIT?

Bullshiite!, the number 1 reason for the housing problem is greed. Homes are all over valued by 100% in some cases 150%.

Now, everyone who purchased a overvalued home has seen it''s value start to fall, and I mean START to fall. Yet they are stuck with high cost mortgages. Greedy real estate people, greedy banks, and mortgage companies all scewed the American public.

Let all the overpriced homes go into forclosure, let the banks get stuck with tens of thousands of overpriced homes. Sit back a year or two, and the price of homes will really start to fall back inline with what they should be.

Then buy your $250,000.00 for $250,000.00 not the $450,000 to $600,000.00 these crooks wanted.

[andor3]

hmmmm it almost looks like this system was intentionally set up to exploit the poor and working families and benefit the bankers and the rich.

Naah... who would do that? Surely not the people we have running things?

[brianbwb-2009]

A "spike" implies that there will be a sharp downturn relatively close to the upturn, which produces the "spike" shape on a graph.(^)

Since such a downturn is not occurring, nor is it predicted to occur, a more accurate description would be "a sharp increase".

"Softening" the truth is the fraternal twin of lying, and it makes me wonder who is the writer of this article trying to protect?

[andor3]

"Some of the biggest victims of foreclosures...are the renters of the homes being foreclosed. Those who are kicked out with minimal notice because the landlord didn''t pay his/her own mortgage!"

Worse yet, the bad loans get picked up by the government and become a taxpayer expense. But renters do not get the big mortgage interest welfare windfall that homeowners get, so the renter pays more of this tax burden--double (or is that triple) jeopardy.

[jankebenz]

The whole commodity pricing index all boils down to the consumers willingness to pay. A high demand for product drives up prices to above realistic levels as seen in the housing market.It happens all to often because of the publics unrealistic financial budgeting, impulse or panic buying, coupled with too easy obtainable credit.If you don''t have at least a years worth of living expenses left over after all your purchases, then you''re in danger of overextension