Comments on: Obama the Madman: Ordering Banks to Slash Mortgages http://lonelyconservative.com/2010/03/obama-the-madman-ordering-banks-to-slash-mortgages/ Observations from a conservative in a blue state. With a little help from my friends! Sun, 27 May 2012 03:54:17 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Norris Hallhttp://lonelyconservative.com/2010/03/obama-the-madman-ordering-banks-to-slash-mortgages/comment-page-1/#comment-18204 Norris Hall Fri, 26 Mar 2010 16:21:54 +0000 http://www.lonelyconservative.com/?p=18396#comment-18204 I'm in agreement with you. Just let the free market take it's course. Right now 25% of homes are underwater. Home values have slipped 30-40 percent in our area. As more borrowers decide to abandon their homes and the rate climbs to 40%, potential buyers will be sitting on the sidelines like sharks waiting for prices to drop even further. And with no one buying that's just what will happen.. As prices fall more homeowners will be underwater and more homeowners will abandon their homes. An increase in supply of foreclosed homes will cause demand to drop even further and buyers will stop shopping...figuring that the market still has a long way to go before hitting bottom. With few buyers, sellers will abandon more home to the banks and the banks will start to choke on the growing portfolio of homes with no buyers in sight. The moral of the story: rent don't buy I’m in agreement with you. Just let the free market take it’s course.
Right now 25% of homes are underwater.
Home values have slipped 30-40 percent in our area.
As more borrowers decide to abandon their homes and the rate climbs to 40%, potential buyers will be sitting on the sidelines like sharks waiting for prices to drop even further.
And with no one buying that’s just what will happen..
As prices fall more homeowners will be underwater and more homeowners will abandon their homes.
An increase in supply of foreclosed homes will cause demand to drop even further and buyers will stop shopping…figuring that the market still has a long way to go before hitting bottom.
With few buyers, sellers will abandon more home to the banks and the banks will start to choke on the growing portfolio of homes with no buyers in sight.

The moral of the story: rent don’t buy

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]]> By: $2.7 Billion in Savings via Home Affordable Modification Program | Need Mortgage Refinancehttp://lonelyconservative.com/2010/03/obama-the-madman-ordering-banks-to-slash-mortgages/comment-page-1/#comment-18198 $2.7 Billion in Savings via Home Affordable Modification Program | Need Mortgage Refinance Fri, 26 Mar 2010 15:48:00 +0000 http://www.lonelyconservative.com/?p=18396#comment-18198 [...] Obama the Madman: Ordering Banks to Slash Mortgages | The Lonely Conservative [...] [...] Obama the Madman: Ordering Banks to Slash Mortgages | The Lonely Conservative [...]

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]]> By: ZORROhttp://lonelyconservative.com/2010/03/obama-the-madman-ordering-banks-to-slash-mortgages/comment-page-1/#comment-18188 ZORRO Fri, 26 Mar 2010 14:07:44 +0000 http://www.lonelyconservative.com/?p=18396#comment-18188 It's hard to believe that there are still people in this country who don't believe that Obama is a Communist. What more can he do to prove it? Does O'Reilly have any idea about what the hell is going on with this guy? It’s hard to believe that there are still people in this country who don’t believe that Obama is a Communist. What more can he do to prove it? Does O’Reilly have any idea about what the hell is going on with this guy?

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]]> By: MICKEYhttp://lonelyconservative.com/2010/03/obama-the-madman-ordering-banks-to-slash-mortgages/comment-page-1/#comment-18181 MICKEY Fri, 26 Mar 2010 13:50:47 +0000 http://www.lonelyconservative.com/?p=18396#comment-18181 Obama's on a constitutional violations tour. First he passes his healthcare bill so that as soon as you are born, you are indebted to the government, now he wants to make contracts null & void. Contracts are specifically protected in the Constitution, and he does not have the power to force banks to not enforce a legal contract with a customer. Wasn't he a constitutional lawyer? I know this stuff, and all I did was read a couple of books by Bill Bennett and Mark Levin. May god save us from Barack Obama Obama’s on a constitutional violations tour. First he passes his healthcare bill so that as soon as you are born, you are indebted to the government, now he wants to make contracts null & void. Contracts are specifically protected in the Constitution, and he does not have the power to force banks to not enforce a legal contract with a customer.

Wasn’t he a constitutional lawyer? I know this stuff, and all I did was read a couple of books by Bill Bennett and Mark Levin.

May god save us from Barack Obama

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]]> By: michiganhttp://lonelyconservative.com/2010/03/obama-the-madman-ordering-banks-to-slash-mortgages/comment-page-1/#comment-18180 michigan Fri, 26 Mar 2010 13:38:59 +0000 http://www.lonelyconservative.com/?p=18396#comment-18180 We’ll all see come this summer if Pelosi and Reid let legislators go home for the August break. If their assault on Capitalism and Constitution isn’t complete, since they’ll lose big in November anyway, they may stay in session, trying to administer the coup de grace for the "cause". We’ll all see come this summer if Pelosi and Reid let legislators go home for the August break. If their assault on Capitalism and Constitution isn’t complete, since they’ll lose big in November anyway, they may stay in session, trying to administer the coup de grace for the “cause”.

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]]> By: Obama readies steps to fight foreclosures, particularly for unemployed – Washington Post : World online newshttp://lonelyconservative.com/2010/03/obama-the-madman-ordering-banks-to-slash-mortgages/comment-page-1/#comment-18148 Obama readies steps to fight foreclosures, particularly for unemployed – Washington Post : World online news Fri, 26 Mar 2010 04:34:12 +0000 http://www.lonelyconservative.com/?p=18396#comment-18148 [...] Obama the Madman: Ordering Banks to Slash Mortgages | The Lonely … [...] [...] Obama the Madman: Ordering Banks to Slash Mortgages | The Lonely … [...]

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]]> By: Government Messhttp://lonelyconservative.com/2010/03/obama-the-madman-ordering-banks-to-slash-mortgages/comment-page-1/#comment-18118 Government Mess Fri, 26 Mar 2010 02:05:56 +0000 http://www.lonelyconservative.com/?p=18396#comment-18118 Great piece! Obama is a Marxist POS, a virus, a radical extremist that intends to destroy this country and install his Socialist Utopia; it's very easy to see now. I hope Conservatives can remain peaceful because the Liberals want nothing more than for us to become violent so they can dismiss our message as just a bunch of right wing violent extremists. We must remain non-violent and let the Truth win our battle. Have a great Friday and a wonderful weekend. Great piece! Obama is a Marxist POS, a virus, a radical extremist that intends to destroy this country and install his Socialist Utopia; it’s very easy to see now. I hope Conservatives can remain peaceful because the Liberals want nothing more than for us to become violent so they can dismiss our message as just a bunch of right wing violent extremists. We must remain non-violent and let the Truth win our battle. Have a great Friday and a wonderful weekend.

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]]> By: Lisahttp://lonelyconservative.com/2010/03/obama-the-madman-ordering-banks-to-slash-mortgages/comment-page-1/#comment-18117 Lisa Fri, 26 Mar 2010 02:04:42 +0000 http://www.lonelyconservative.com/?p=18396#comment-18117 Honey, after everything I just read on your site and others, there is no doubt that the Republicans will win by a landslide in November. I just hope we make it until then without any real violence, but I'm not real sure that's possible. The Dems have jumped off the deep end and Americans of all walks of life are about to explode. Dems are dismantling our military, along with our economy. Remember, there are more of "us" than there are of "them." We are also stronger in many ways. We will win. Sadly, but necessarily, we are at war, LC. Honey, after everything I just read on your site and others, there is no doubt that the Republicans will win by a landslide in November. I just hope we make it until then without any real violence, but I’m not real sure that’s possible. The Dems have jumped off the deep end and Americans of all walks of life are about to explode. Dems are dismantling our military, along with our economy. Remember, there are more of “us” than there are of “them.” We are also stronger in many ways. We will win. Sadly, but necessarily, we are at war, LC.

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