Comments on: Mortgage lender collapses; real estate prices continue to fall http://sorendayton.com/2007/07/31/mortgage-lender-collapses-real-estate-prices-continue-to-fall/ Merely an aggregation of a dispersed life online Sun, 29 Jan 2012 16:32:44 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: eye http://sorendayton.com/2007/07/31/mortgage-lender-collapses-real-estate-prices-continue-to-fall/comment-page-1/#comment-1133 eye Wed, 01 Aug 2007 06:51:06 +0000 http://www.eyeon08.com/2007/07/31/mortgage-lender-collapses-real-estate-prices-continue-to-fall/#comment-1133 Well, I blogged a couple of weeks ago about the collapse of the housing market in Georgia. There is plenty of evidence that Georgia is the same thing. Now the Fed is saying that it is spreading beyond Subprime. And, as to the partisan issue, it is clear that this is effecting people across the economic spectrum. However, when Republicans are in charge and people start losing their houses, it hurts us. Another part of a very bad right-track/wrong-track number. The only people that I know who are saying that things are fine work in real estate. And most of my friends who work in real estate won't even say that any more. Well, I blogged a couple of weeks ago about the collapse of the housing market in Georgia. There is plenty of evidence that Georgia is the same thing.

Now the Fed is saying that it is spreading beyond Subprime.

And, as to the partisan issue, it is clear that this is effecting people across the economic spectrum. However, when Republicans are in charge and people start losing their houses, it hurts us. Another part of a very bad right-track/wrong-track number.

The only people that I know who are saying that things are fine work in real estate. And most of my friends who work in real estate won’t even say that any more.

]]> By: Alex Forshaw http://sorendayton.com/2007/07/31/mortgage-lender-collapses-real-estate-prices-continue-to-fall/comment-page-1/#comment-1132 Alex Forshaw Wed, 01 Aug 2007 02:49:44 +0000 http://www.eyeon08.com/2007/07/31/mortgage-lender-collapses-real-estate-prices-continue-to-fall/#comment-1132 Don't make too much out of this -- yeah, subprimes are a mess. Ritholtz has been prophesying this for years, so he's finally having a feast fit for a bear. Some housing markets, particularly in the South, are still booming, and it varies quite a bit by region. It's going to suck for Nevada for sure, and certain parts of a few other states, but I don't see it turning the election (particularly because subprime mortgages are not exactly a partisan issue). Don’t make too much out of this — yeah, subprimes are a mess. Ritholtz has been prophesying this for years, so he’s finally having a feast fit for a bear. Some housing markets, particularly in the South, are still booming, and it varies quite a bit by region.

It’s going to suck for Nevada for sure, and certain parts of a few other states, but I don’t see it turning the election (particularly because subprime mortgages are not exactly a partisan issue).

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