Question: Was there a property bubble in Canada and Australia?

I have the impression, right or wrong, that there hasn't been an economic downturn in these two countries to the same extent as in the US and elsewhere. What's the real story then? Have the banks been bailed out in Canada and Australia and increases in unemployment and falls in house prices been experienced? Thanks for the info.

Answer: Our banks weren't too much affected in Australia due to strict lending regulations, and our four biggest banks are now 4 of only 11 AAA rated in the world, so we didn't get problems to the same degree as elsewhere. The government guaranteed savings to provide extra confidence. Our economy was very strong before the crisis, our budget was in surplus and interest rates had been raised very high to slow the economy down.

Once the crisis hit interest rates were dropped rapidly, so we aren't in as bad a position now as elsewhere. We also have had fiscal stimulus packages. Exports have dropped, and that is our main problem. Retirement savings have also been lost in the share market. House prices have dropped a bit in some cities, and unemployment has risen a little, but overall we are better off than elsewhere.

Barney Frank Created the Housing Bubble

Housing Bubble In Canada is a post from: Upside Down Mortgage

KEEP A JOURNAL OF THESE TIMES! March 6, 2009

Ten years ago I wrote a column with a similar title, saying "Someday your grandchildren will become excited about a future bull market, and you'll certainly want to tell them about the Great Bull Market of the 1990's. But you'll need considerable proof or they won't believe you. So keep a journal; about how wild the frenzy is to own tech and Internet stocks at any price, of how IPO's of unknown startups shoot up 200% in a week, of how America Online, still trying to make a profit, is valued at more than the combined value of Delta Airlines, Federal Express, Texaco, Raytheon, Litton Industries, Colgate Palmolive, Union Carbide, Pepsico, Hertz Corp, J.C. Penney, and Sears. And be sure to include this week's news that brokerage firm Donaldson, Lufkin, and Jenrette has opened "trading kiosks" halfway down several ski slopes at Vail, Colorado, so skiers can stop on their way down to check on their stocks, make trades, and then continue down the slope."

As I said at the time, if that was not a mania and a bubble, then the definition of those terms would surely have to be re-written.

Shortly thereafter we saw the severe 2000-2002 bear market, in which the S&P 500 lost 50% of its value and the Nasdaq, home of most of the tech and Internet stocks, lost 76% of its value.

We then saw the 2002-2007 bull market that carried the Dow and S&P 500 all the way back up to their peaks of early 2000, (but not the Nasdaq, which recovered less than half of its losses).

Then we saw the bursting of another bubble, this time in housing, and the current even more severe bear market in stocks, which has dropped the stock market below its lows of the 2000-2002 bear market, in fact back to its levels of 1997.

Yes, it has been historical times.

Someday, just as our grandparents and great-grandparents told us about the great crash of 1929-32, we will be telling our grandchildren the stories of 2008 and 2009. And again, you may need proof if they are to believe you. So once again I say keep a journal of these times.

Otherwise they may not believe for instance that in 2009 a share of one of the largest bank conglomerates in the world, CitiGroup, could be bought for $1, less than they charge for a withdrawal from one of their ATM machines, a hundred shares for a hundred bucks; or that a share of G.E., which just two years before was being honored as the best run company in the world, could be had for the price of a Big-Mac burger. Or that shares of once mighty General Motors, of which it was said for several generations that "As goes General Motors so goes the nation," could be had for less than a cup of coffee, except that no one wanted them since the company said it was probably headed for bankruptcy. (Let's hope the old saying that as goes GM so goes the nation no longer has any truth to it, since for generations when GM was doing well the nation was doing well, and when GM struggled, so did the nation. GM heading for bankruptcy?).

Meanwhile, you'll also want to tell your grandchildren how, as has happened often over the last 100 years, once again in 2008 and 2009 banks and brokerage firms were under investigation by Congress and regulators, trying to figure out how their greed and risk-taking again got out of control, how their problems again threatened the collapse of the entire financial system and economy, how many went under before it was over; how the market collapse had Ponzi scheme crooks again coming out of the woodwork; while economic conditions were downright scary.

When we tell them the story, our grandchildren will likely ask what the difference was between the risk-taking banks, and the risk-taking speculators in the Internet bubble, or the housing bubble. We'll tell them that one of the biggest differences was that, as usual the banks and Wall Street firms risked and lost other people's money.

Yes, we are living in historic times that will be analyzed and critiqued for generations to come.

We will come out of it, at this point probably sooner rather than later (with 12 years of the previous excesses already taken out of the stock market).

But how that will be done is still the unknown and unwritten story.

Sy Harding publishes the financial website www.StreetSmartReport.com" target="_blank">www.streetsmartreport.com">www.StreetSmartReport.com and a free daily Internet blog at www.SyHardingblog.com" target="_blank">www.syhardingblog.com">www.SyHardingblog.com. In 1999 he authored Riding the Bear - How To Prosper In the Coming Bear Market. His new book is Beat the Market the Easy Way! - Proven Seasonal Strategies Double Market's Performance!

About the Author:

Sy Harding is CEO of Asset Management Research Corp., author of 1999's Riding the Bear and 2007's Beat the Market the Easy Way, editor of www.StreetSmartReport.com, and www.SyHardingblog.com.

Source - Keep A Journal Of These Times! March 6, 2009

Housing Bubble vs. Great Depression

Housing Bubble Depression is a post from: Upside Down Mortgage

Question: Where is California Real Estate at with the Bubble Effect?

Please inform me of this matter or how this is going. Is there any estimate of what year the houses around the coastal/bay areas will be as affordable as a home in Texas?

Answer: I doubt that they will ever be as affordable as a home in Texas. There are more people here, and less land to build on, so the demand for homes is higher, so the price will probably never come down to Texas levels. It may level off some, but then it will probably start creeping back up, although prices may never recover to the bubble days.

Dr. Housing Bubble - Real Homes of Genius

Housing Bubble California is a post from: Upside Down Mortgage

New York is probably one of the most recognised cities in the whole world. The Statue of Liberty is a landmark known the world over, and is what defines New York City as one of the most famous cities in the world. Because it is a famous the whole world over, many people want to move here to live, meaning that they require some sort of help to do so. New York City is maze of roads, avenues and side streets, and trying to find your way around if you don't know the place very well can sometimes be difficult. This is why when it comes to moving goods to this great city you need to call on experts, like Movers New York.

Movers New York are highly skilled and highly trained specialists, using the proper moving boxes to perfectly suit your needs and providing a top quality, unrivalled service. Movers and packers in New York can cater to your needs regardless of whether you are moving from New York or moving to New York. Whatever you require their services for, Movers New York will make sure you get the best people to help you with your move. Movers and packers in New York not only provide a quality, efficient service for their many clients, they also use only the best moving supplies and moving boxes to ensure that the job is done with maximum safety, and to safeguard your goods during transit. The moving boxes they use are made of high-strength cardboard, and each one carries details of the maximum weight it can carry. This ensures your boxes are filled with the right goods and only to the correct weight. This can be quite a difficult job and so it is best to only use people skilled at working with moving boxes and other moving supplies.

The moving boxes used by Movers New York are all made from cardboard. This means that not only are they strong and durable, but the can be recycled too. This is great for the environment and this is something New York movers and packers take very seriously. Movers and packers in New York can also supply moving kits as well as moving boxes. These kits contain important tools, such as duct tape, bubble wrap and marker pens, which all make the job of packing moving boxes a little bit easier, especially when it comes to unpacking the goods from the moving boxes later on.

Movers New York are committed to providing the best service, but their main concern is safety. They want to get your moving boxes transported to your destination as efficiently, but as safely, as possible. They take extra precautions when packing up your goods, such as lining boxes with a layer of foam, to ensure that there will be no damage to any goods packed into moving boxes. It is this level of care that makes Movers and packers in New York stand out from the rest.

Moving to a new town, city or area can be unsettling, nerve-wracking and stressful for everyone involved. Movers New York and their trusty moving supplies and moving boxes are committed to making this experience as stress-free as it can possibly be. So whether you are starting a new life in this wonderful city or leaving it for newer pastures, Movers New York will make sure everything goes like a dream.

If you are moving house from or to New York, you will need the specialist services of Movers New York and strong moving boxes. Call us now for all your requirements for moving house

About the Author:

I am a Microsoft Certified Professional (MCP,MCSD, MCAD.Net,MCSD.Net, MCP-.Net 2.0). I have been conducting Training and Certification Guidance for Microsoft Certifications for the past 8 years. I also own and manage a Web Design and Development Company and a SEO/SEM Company. I also like to write Articles on various subjects.

Source - Movers New York - are the experts when it comes to packing up and moving house

homes4aussies - Bubble of the Day 13 - Housing Crisis in Oz

Housing Bubble Define is a post from: Upside Down Mortgage

Question: paint bubbling on walls?

we are painting the walls in our house with valspar satin paint and right after we put the paint down and it starts to dry, bubbles start to appear. why is this?
we painted over already painted walls that had a flat finish on it.
what type of primer? and would we need to repaint?

Answer: This could be the result of moisture under the paint. (Did you paint a second coat before the first coat had a chance to dry?)

Whatever the cause, the likeliest solution is to sand the bubbles down until you reach the paint that is adhering properly. Be sure to get rid of the sanding dust (tack cloth, damp rag, etc.). If you use a damp rag, be sure that the area is completely dry before proceeding. Use a primer (like "Kilz" brand) on the sanded areas. Allow to dry. Apply the finish paint, blending out from the bubbled area into the adhered paint area a few inches.

Note: Some paints (inexpensive, or certain colors) may require the entire wall to be finish coated again to avoid lap lines (areas where brush/roller marks are visible even after paint has dried).

Hope this helps you.

Financial Derivatives: What are They? - Housing Bubble Collapse - Unregulated Insurance

When Did The Housing Bubble Start is a post from: Upside Down Mortgage

Question: How speculative is San Diego housing market ...?

? Data such as how many people own more than one houses should be available. I am fed up with people talking up the market even the bubble is popping in front of their eyes ...

Does anybody know how to find out information such as percentage of people who own more than one houses??]

Thanks.

Answer: Contact the city clerk.

Housing Happiness

Housing Bubble Data is a post from: Upside Down Mortgage

Question: This too shall BUST?

remember the "dot com" bust, the housing bubble ( that has now popped due to adj-rate mortage and foreclosure)?

Do you think this era of everyone reading books and listening to financial planners telling them to start investing in the stock market will also break and thousands of people will end up worse off than they were before?

Sometimes I feel the only people who are making any money off investing are the ones getting royalties from all the books they make on how we should handle our money!

AS far as I can tell, the only stable way to make wealth is to own property and even that skrews up!!

Answer: There isn't a "financial investing" bubble. These things have always been around. Recently however, due to the internet, it has allowed people who could not invest before begin to invest. The small investor you spek of basically has a very very little impact on the market. The major hedge funds and large institutional investors move the market.

Authors@Google: Lawrence Roberts

Housing Bubble Book is a post from: Upside Down Mortgage

Confusion is ramped in the Toronto real estate market and potential sellers are not getting all of the right information to make sound decisions. Due to the same reasons why home buyers should be buying a Toronto home right now you should be selling your home right now. It is time to expand your net worth and create some permanent wealth.

Toronto home owners are hesitant to sell because they don't think they will get all of their money out of the investment. For a lot of sellers this really shouldn't matter. Psychologically they don't want to lose money. In reality it isn't lost. It will just be transferred to a property or properties that will take advantage of the current market conditions.

Sellers can actually take advantage of the low interest rates, the buyers demand for good product, the lack of good product, and the current possibilities that exist to expand their net worth.

In a lot of cases I think a seller would be surprised at how well they can still do with selling today, even if they were taking the money and running. There has been a lot of media manipulation to have people think we in central core Toronto, are in a really bad market. It just isn't true. The average price for March transactions was $362,052 - down less than five per cent from the same month last year, as reported by TREB.

The media has been manipulating the statistics to strengthen the story that they want to tell. They are using facts from certain areas in Canada that had big housing bubbles and making them look like they represent the whole country with big bold titles. I think that the media is doing this to increase their viewership stats so that they can simply sell more advertising space.

One benefit for someone wanting to list their Toronto home right now is the ability to leverage stagnant properties that have been on the market for a long time because the sellers aren't being realistic with their prices. By pricing your property appropriately you can make you listing look like much better value.

These same unrealistic sellers existed in the busier markets but they just weren't given much attention and they never should have listed the home for the price that they did in the first place. Now the media is using them to support their stories. I could ask $11,000,000 for my personal home but it would not sell for even 10% of that asking price. This doesn't mean that the market has come down 90%, it just means that I was very unreasonable with my initial price offering. These sellers exist in all markets but in better times they don't get paid any attention.

Pricing your Toronto home is certainly the key to selling for top value in this market, there are a lot of agents who have only worked in the hyperactive real estate market that we have seen over the past 10 years. They never learned to price when you don't have 10 offers to choose from. Try to tell a realtor that has 7 or 8 years of experience that they don't know what they are doing and need to go back to the basics. Their egos just won't accept that they need to change the way they work.

These Toronto real estate agents go on with their unfounded prices until the property becomes stigmatized and the evil "Price reduction" is necessary. Price reductions are extremely damaging because you need to make reductions in 10% increments in order to make them effective. Otherwise you just waste more days on market which is the key weapon for low ball offers. If aiming high and lowering the price over time is the strategy you want to use, you will end up selling for less than if you had made the initial price offering as close to reality as possible.

Sellers can take advantage and upgrade their home by selling now and buying something that is more expensive, something that would have been out of reach before. They can also take advantage by diversifying their holdings and buying an income property. Interest rates are at their lowest in decades so now is the time to expand your personal net worth.

Sellers can also take advantage of the surge in buyers and confusion among sellers by just listing. There is a lack of quality inventory on our market. Good homes are selling well, it doesn't have to be completely updated but buyers are more likely to buy something that is mostly finished than something that needs to be leveled.

I don't have a crystal ball but this is the situation as I see it right now.

About the Author:

Evan Sage is an award winning
Toronto real estate agent
. Evan instills in his clients the confidence to make the right purchase or sale decision. He achieves this by demonstrating a superior knowledge of
Toronto real estate
and by providing a wealth of free resources on his website evansage.com to educate buyers and sellers in Toronto.

Source - You Should Sell Your Home Right Now!

Real Estate Bubble Toronto Homes

Housing Bubble In Toronto is a post from: Upside Down Mortgage

So what can home owners and agents do, quickly, easily and inexpensively to help the sellers sell their homes?

Increasingly many real estate professionals and even home owners themselves have found that the key to turning a seller’s “house for sale” sign into “home for sale” sign is all in how effectively its been staged. With sellers looking for every “edge” they can get on the competition, today’s real estate professionals need to add value to their service by combining a key element in the process that sellers are looking for – home staging.

Andy Capelluto, a professional home stager and interior designer with over 22 year of experience, created a very compact, precise home staging course for real estate professionals entitled The Power of Staging™. The 8 hour staging course is one of the most thorough overviews of staging available today and delves into all aspects of the home staging process from color to style and from symmetry to placement – both inside and outside the home.

To make it easy for anyone to gain this knowledge the course was transformed into a cutting-edge multimedia online learning experience by RealtyU®. Its innovative e-learning platform created especially for real estate agents and home owners offers a simple yet robust way to navigate through video, audio, PowerPoint slides, examples and more to obtain a comprehensive understanding about the principles of home staging. The course provides insights into every part of the staging process and provides the agent with comprehensive tools and checklists to help them develop an effective staging plan for their clients.

Now available for the first time, The Power of Staging™ can now be experienced online, anywhere, anytime, through http://www.RealtyUonline.com. Upon completion agents the AHS designation (Accredited Home-Staging Specialist). To learn more about the staging process and the AHS course visit http://www.StagingSpecialist.com.

About the Author:

Stefan Swanepoel is widely recognized as the leading visionary on change in the real estate industry. He has penned 13 Books and Reports including the 1998 http://Amazon.com bestseller, Real Estate confronts Realityand the 2007 Swanepoel Trends Report. Visit http://www.ReTrends.com for more information.

Source - Make Homes Sell Faster in a Down Market

Housing Bubble Powerpoint is a post from: Upside Down Mortgage

Question: Would the CRA restrict lending or increase it?

Generally, anytime the government restricts business from doing what it wants to, there is a reduction in supply. This is in fact why conservatives are generally against government regulation.

Yet proponents of the CRA-caused the financial panic say that government regulations, by forcing the banks to lend in areas where they would not normally like to, increased the amount of loans. But any rational bank would simply take the profit from the good loans and apply it to the bad loans, as they normally do to adjust risk. The result would be a net reduction in lending, just as economic theory predicts.

This is explained by a conservative writing in a Catholic publication:

http://vox-nova.com/2008/10/15/did-the-government-cause-the-housing-bubble/

Answer: It would increase it again if they were forced to do so. However, I don't see them going this exact route again any time soon. No matter which way you look at it...MANDATING that loans be given to risky clientele is a problem. Because it's mandated, very difficult to "make adjustments". This kind of government meddling doesn't improve a thing. When a bank is told they have to give out NINJA loans by law, what exactly did we think would happen? Eventually, the bad debt takes over once you reach the top.

THE HOUSING BUBBLE EXPLAINED SPECIAL SHEEP VIDEO! - DJHIVES NEMESIS

Housing Bubble Explained is a post from: Upside Down Mortgage

The latest numbers are now in and, guess what? The housing market continues to slow. Housing prices are once again down and housing starts have come to a halt. Is this the start of the housing market bubble burst we've all heard so much about? My answer: You bet!

Now, that Democrats have something to do with it, you bet the recent Bush tax cuts will be repealed. You bet the investors will come under assault. You bet this will cause interest rates to rise and you bet the housing bubble is about to burst!

I hear you say, "What about the Clinton years? Clinton's a Democrat and interest rates were low, when he was President. The economy was great, then. The stock and housing markets were going full speed ahead, then."

You are s-o-o-o-o right, but remember, the Republican congress along with Clinton/Gore got many international trade laws passed. This made the price of goods lower in the States and that acted to stimulate the economy. Also, remember that the Republicans sent up a bill to Bill that would lower Capital Gains taxes. Clinton, knowing that the economy needed a shot in the arm at the time, signed it. This, too, stimulated the economy and that one-two punch led to the rip roaring economy of the 90's. The point is; almost every Democrat voted against these things.

Now, it is the era of Nancy Pelosi. So, look out capitalism! We have a real socialist on our hands here. If it was up to her, the only money you'd have is the money she'd let you have out of the goodness of her heart. Pelosi and her comrades won't even admit that Bill Clinton was a big reason why we have free international trade today. Go figure, one of the only things Clinton / Gore did that was really very good for the economy and the Democrats want to hide it from you. Why? Because it's easier to gain support of middle class voters by telling them the lie that free trade costs Americans jobs!

In short, with the new congress you should look for higher mortgage rates. That really means higher housing costs with lower equity accumulation. Now, that's a real boon to the middle class! Look for less free trade. That means higher prices on imported goods. Imagine what your computer would cost if it were made in total, in America. One scholarly economist told me that a computer made of American parts would cost $14,000 to $20,000! Now, we're giving the middle class a break! Also, don't forget those "tax breaks for the rich" being repealed. A family of four with a household income of, a very opulent, $60,000 a year, on average, because of the Bush tax cuts, pay less than $4,000 in federal income tax. So, in an attempt to get these rich people to pay their fair share, they will be paying over $9,000 after Nancy and the gang reverse the evil tax cut.

Let's not get started discussing our likelihood of surrendering to the terrorists. This article is about Mortgage rates, housing bubbles, interest rates and the economy in general. That's depressing enough. We'll save the part about weak-kneed foreign policy for another time.

About the Author:

Ed Lathrop is a successful Real Estate investor. He has developed EzCalculator, a Mortgage Calculator that calculates anything to do with mortgages, shows you how to pay off credit card debt and much more. EzCalculator includes the famous "How to Make $100,000 on Your Mortgage" calculator. There are no popups or spyware at this site. Come visit this free site at
Free Mortgage Calculator!

Source - The Housing Bubble is About To Burst

Ron Paul on the cause and solution for the housing bubble

Housing Bubble Cause is a post from: Upside Down Mortgage

Question: Will neocons explain how Bill Clinton and Chris Dodd caused the housing bubble in Australia, UK, and France?

I've given them several weeks to weave a tale for this factoid.

They accused the mortgage meltdown on banks in the USA being forced to give $500K loans to poor people by Bill Clinton. Yet the same flip-this-house lending practices occurred throughout the globe.

Answer: I'm not a neocon, but it has been said that if the US economy sneezes, the world economy catches pneumonia. And we, conservatives, didn't say that the cause was giving $500k loans to poor people caused the meltdown. We said that the government, going back to Carter, caused the meltdown by requiring lending institutions to LOWER the standards for loaning money. What we said about the Clinton administration was that the justice department told lending institutions that they would be investigated if they didn't increase their minority held loans.

My thoughts on Australia's housing bubble

Housing Bubble In Australia is a post from: Upside Down Mortgage

I find the current media coverage about the "Bursting Real Estate Bubble”to be priceless for those of us who are investors. They talk about falling house prices which will only bring gloom and doom for homeowners and real estate investors a like.

I can understand where they are coming from; having little or no knowledge about investing and that is OK, because it just creates more opportunity for you and I.

Real estate is cyclical and always has been. There was a large national article published that stated Las Vegas real estate had completely capped out and there was no place for it to go but down. Does that sound familiar? If so, you may want to think again. That article was published nearly half a century ago! Has real estate gone up in value in Las Vegas in the last 50 years? You bet, and not just a little! Now does that mean real estate is going to keep going up like it has the last few years? I wouldn’t plan on it, particularly in the short term, however that’s what makes this media coverage so invaluable.

*It creates fear that scares off a lot of people from investing (creating more opportunity).

*It eliminates aggressive scam investments (as we saw rampant with builders in Florida and Las Vegas the last few years).

*It makes people question the value of their properties (creating more flexible sellers).

Here is something to consider: do you know any ultra successful real estate investor that is afraid of flat or declining house prices? Quite to the contrary, knowledgeable investors understand when markets are flat or down it just weeds out beginning investors, makes people panic and means more opportunity.

What's important to understand is just as real estate is cyclical, so are the amount of buyers and sellers in a given market. When markets are up, you’ll have to spend more time finding motivated sellers, but you have the benefit of appreciation on your side. When markets are down, you can’t depend on appreciation, but you’ll have a lot more motivated sellers to work with. In fact, when markets are down, you usually have to let “good” deals go, so you can take advantage of the “best” deals!

We’re not just buying properties and hoping that they will appreciate or go up in value. That’s not investing, that’s speculating! Your completely dependent on future growth that is entirely out of your control. That’s a conventional mindset and will not work in flat or declining real estate markets especially in the short term. Like any business, you need to make well calculated decisions. In real estate, that includes making creative, risk free offers and setting up your exits appropriately for the specific circumstances.

There are better and more creative real estate investing strategies for down and soft markets like assignments, lease options(as a seller or a "sandwich"), foreclosures, short sales, wholesaling and "subject to" arrangements. But even when doing rehabs or fixer uppers (which are not typically recommended in down markets) there are still good ways to make a good profit with the right system and proper planning. For example, let's say you are in a market depreciating at 10% a year, you would need to factor in the time to make the rehab repairs plus the time to sell (with a cushion), then subtract market depreciation during that time. So if an area was depreciating at 10% a year and you had a property that would take 2-3 months to fix up and 2-3 months to sell, you would want to subtract an additional 5-6% from the retails sales price when making your offer to a seller. There’s really no issue with doing rehabs of fixer uppers in down markets, you just need to factor in depreciation accordingly. This is why faster, lower risk, more creative real estate investing strategies are better to use during market declines.

The point is market conditions will not determine your success; it’s how you approach your market and do what is appropriate for the current trends. When you structure risk free deals and make calculated decisions, the market conditions will never be a determining factor of whether you make money or not!

Copyright © 2007-9 Creativerealestatehelp.com. All rights reserved.

About the Author:

Matthew Sorensen is a leading expert in risk free, creative real estate investing techniques. He provides invaluable training for pennies on the dollar at Creativerealestatehelp.com with tools and strategies on how to maximize profits safely for changing market trends.

Source - Creative Real Estate Investing for Flat and Down Markets - Beating the Bursting Bubble!

Housing Bubble: Land Value Free Lunch Part 2

Housing Bubble Free Market is a post from: Upside Down Mortgage

Question: Where was the Democratic leadership before the housing bubble burst?

Should they investigate themselves for dereliction of duty and gross negligence? Aren't they responsible for oversight? Did they not know about all the no money down loans and negative amortization loans? If they took money from the people they are now grandstanding against are they criminals? Also, now that the market has collapsed doesn't it hurt everyone to crack down on lenders NOW?

Answer: .......yeah, to hear the Dems talk, they can see trouble coming from miles away and years ahead, something they say Repubs cant do.

Dont worry though, Bush will still be blamed for every little thing for years to come.

Boom Bust - UK housing bubble set to burst

Housing Bubble To Burst is a post from: Upside Down Mortgage

Question: Where did cons get the absurd lie that the economy was fine until the dems took control of Congress?

I smell regurgitated Hannity or Limbaugh. The dems did not take control of Congress until January 2007.

Why would cons parrot a lie that is so easily proved false?

http://en.wikipedia.org/wiki/United_States_housing_bubble

http://en.wikipedia.org/wiki/Gas_Prices

How_Would_I-Know: you need to read the whole article and not just quote a snippet out of context that, by itself, seems to support your point.

Thank you.

Answer: Because the Republican Party constituent base is, typically, either undereducated and cannot discern lies from truth or they are of that class that does not care about truth so much as they care about having a party that will protect their priveledge and guard their unethical profits.

What Caused The Housing Bubble?

Housing Bubble Wikipedia is a post from: Upside Down Mortgage

The housing bubble has burst and the sub prime lending trend has led to financial crisis for many home owners. Unethical practices by some lending institutions have led to buyers biting off much more than they could chew. With so many home owners defaulting on their loans, lenders have become reluctant to hand out money. As such, they now have much more stringent application requirements. Proof of income, better credit scores, and higher down payments are some of the new policies in place. This can make it hard for some borrowers to even get their feet in the door.

The first thing that you need to do to increase your desirability as a loan candidate is to check your credit score. Your credit score is essentially a tool for showing the lending companies what kind of financial risk you pose. The higher your score, the more likely it is that you will pay back your loan. If you have a lower score, it tells lenders that you may not be able to return their money. The more risk you present to lenders, the harder it will be for you to get the mortgage you need. Besides making it much easier to acquire a home loan in the first place, a higher score also increases your eligibility for lower interest rates and more favorable loan terms. It is definitely to your advantage to know where you stand from the point of view of the mortgage brokers.

After checking on your score, there are simple things that you can do to improve upon or maintain your current score. Remember, even if you have a less than desirable credit report, there are always opportunities to bring up your score.

The first step in improving your credit score is checking to see if there are any inaccuracies on your credit report. This is surprisingly common and can seriously affect your rating. Many errors are easy to fix, and should be done quickly. You don't want to wait until you apply for a mortgage to find out that you're being penalized for something by mistake.

The next step is to keep on top of all your payments. Late payments cost you valuable credit points, so be diligent in paying things off on time. Also pay the full amount owed on the payment. Again, partial payments can hurt your financial reputation.

Keep your debts as low as possible, i.e. don't max out all your credit cards. You want to have a low debt to credit ratio in order to show the credit bureaus that you can responsibly manage your spending.

You also don't want to go crazy by accepting every credit card offer that arrives in the mail. Credit bureaus use your history in calculating your score, which means that the older your card account, the better. It shows that you are a solid bet in terms of lending.

Aside from improving your credit score, you can also increase your chances of getting a good mortgage by asking for less money. Due to the sub prime crisis, banks are leery of lending out large mortgages. When they do, they require documentation that proves employment status and income amount. They also charge higher interest rates and require higher down payments. By setting your sights a little lower during this time of restrained lending, you place yourself in a good position to getting what you want.

Go for a fixed-rate mortgage. Many experts are predicting that interest rates will continue to climb, so you will want to lock in now while you can. In fact, while variable rate mortgages are at the mercy of the rising interest rates, fixed rate mortgages are seeing a drop in their rates. These mortgages are also easier to get, as lenders are becoming tougher in their approval process.

While the real estate market is indeed in a downturn, purchasing a home will always be a wise investment in the long run. Entering the market now is more difficult than it was a year ago, when sub prime loans were given to anyone who asked. Many of these loans were given with no regard for whether or not the buyer could afford to pay them back, and we are seeing the unfortunate results of this debacle.

You have the benefit of learning from others' mistakes. If you take some time now to improve your credit score, research your options, examine your resources, and go for a traditional fixed rate mortgage, you can make a sound investment without the worry of being turned down for a home loan, or being plagued by undesirable mortgage terms. You are in control of your home real estate future, so act now.

About the Author:

Keith Lutz is an experienced REALTOR

Source - How to Get a Home Loan During the Housing Slump

How To Survive The Financial Economic Crisis- Urban Survival

Housing Bubble And Financial Crisis is a post from: Upside Down Mortgage

Question: IP address conflict with another system on the network?

I know exactly what that means, I just don't know how to fix it.

The bubble keeps popping up and the internet is slow. The only other "computer" in my house is a PS3.

Answer: G'Day,

I commonly have this same problem in my home network with our PS3. Basically, the computer is trying to get the IP address that the PS3 already has taken. Normally computers try and get the same IP address for some reason (but I won't go there now..).
What you can do is reconnect either the PS3 or computer or reset the access point/router/modem. If this doesn't work, try getting one to use a different IP or go into the access point/router/modem settings to change IP settings.
Normally it is not a problem, but resetting these things normally helps.

Hope I have been able to help... and I hope that you get this fixed - as it is an annoying problem that occurs.

Tayler - Online Representative of TBS Websites & Technologies (uTech)

1 of 8 The Grand Design World Government 1968 Presentation G E Griffin

Housing Bubble Meaning is a post from: Upside Down Mortgage

Question: When do you believe the next part of the housing bubble will collapse, reset of Option ARM and Alt-A mortgages?

I learned about these mortgages from a 60 Minutes program that I watched months ago.

So far the Federal Reserve has been extraordinarily reluctant to raise interest rates (they are currently at 0-.25 %) allowing both mortgages to reset, when do you believe interest rates will raise for the next final part of the housing bubble to pass?

Answer: Option ARM resets are scheduled mostly for 2010 and 2011. The peak of these resets will be in September 2011.

http://www.businessweek.com/lifestyle/content/apr2009/bw20090416_643612.htm

Krugman on the US housing bubble

Housing Bubble is a post from: Upside Down Mortgage

Question: Spider bite (swollen, black & red 'bubble', achy skin)?

I got this 'bite' I think on Saturday morning an at first it was red and raised like a normal bite but not it looks really risen around the tip of a bump that has formed which is really dark and it's exerting some sort of liquid.

And now that I look farther down my leg, I see another one that looks less developed.

I was sleeping on the couch of my girlfriends house.

But I cant flex my calf muscle and it's hot.

So I need to know is it SERIOUS and when should I consider going to the doctor?

Thanks everyone.
Its just the tip that is blackish and I know this is dumb but Id really want some fer sure information before I go because I dont have insurance.

Answer: Only 3 spiders have fangs of sufficient size to pierce human skin. All would have killed you or hurt you bad. You do not have spider bites. Read a bit about MRSA at www.webmd.com or www.NIH.gov or www.eMedicine.com..

On the Edge with Max Keiser - 31 July 2009 (3/3)

Housing Bubble Doctor is a post from: Upside Down Mortgage

Question: Financial uncertainty in housing market, is now a good time to buy a house?

With all the news about Wall Street financial instituions crashing and burning needing government bailouts to survive, I have to ask a question about the fundamental problem...the housing bubble burst.

Home ownership purchases are the cornerstone to the US economy correct? When times are good, housing demand goes up, prices typically increase. When times are bad, demand drops, prices decline. We are obviously in the latter time.

Since this finaincial crisis began, prices are declining, so is this a good time time to buy or build a new home assuming the buyer has a stable source of income and/or financing?

Since it seems Wall street finds home investment so troubling, are banks determined not to finance home mortgages anymore? When did home mortgages become a bad thing? Is it safer to wait out the crisis by not shopping and buying homes right now or not? Both on a macro and micro level!

What does Wall Street want the average home buyer to do?

Answer: You don't have to wait for Wall Street to give you a clue on when to buy a house. If you need a house, you need a house period. If you are you looking to buy a house that you will live for the rest of your life then anytime is a good time to buy a house because the value of the house will not be a concern of yours.

If you are looking for a house as an investment then housing pricing will continue to decline for a while maybe a year or more so I would say now is not the BEST time to buy but you will still make money on it depending on how long you own it.

It's difficult to get a loan right now not impossible but difficult and where you probably needed no money down or very little now you will need at least the 3% or closer to the traditional 20% down.

The mortgage became a bad thing when risky loans were made, and people took insurance that these risky loans would not be paid. When they weren't paid those that took the insurance out could collect on their policies (credit default swap).

Wall Street wants people to start buying again because this will shrink the supply of houses available, it will stabilize prices and builders can start building new houses again. Buyers are scared to buy because they fear the value droping and banks are scared to lend beause they fear they will not be paid back and/or the collateral (house) of the loan will not be worth the loan amount.

Ron Paul on "Morning Joe": Keynesian Economics, Financial Crisis, End The Fed

Housing Bubble Financial Crisis is a post from: Upside Down Mortgage