Congress is considering a mortgage lending bailout, but most Americans agree its the wrong approach by a 2-1 margin. The housing market is adjusting to an oversupply of housing stock and the failure of some high risk borrowers to meet their mortgage agreements. After years of steady growth in housing prices and a historic expansion of homeownership, a market correction is to be expected. Rather than aiding the situation, government intervention would distort the natural correction and prolong the uncertainty and turmoil in the housing market. Americans understand this and believe that individual homeowners and lenders will need to adjust to market realities, according to a newly released Public Opinion Strategies poll. Between October 18 and 21, 1000 likely voters were questioned over their opinions on the mortgage crisis. With a margin of error of 3.1 percent., 90 percent of those surveyed viewed sub-prime mortgages as a serious crisis, but only 31 percent of respondents believed the federal government should get involved.
Here’s the first episode.
On clarification: I shouldn’t have said ALL the interest goes to a bank. Part generally goes to either the Fed or depositor of an interest bearing account. The bank only skims the difference in the interest rates. My views on the debate about inflation vs. deflation and the subprime mortgage crisis. keywords: bear stearns banking [...]
Saturday Scholar Series: saturdayscholar.nd.edu
lyrics and slide show by gregg somerville music by chris conti
If your credit isn’t the best, you might be familiar with sub-prime loans: they’re the kind with a high rate for people with low credit…
If you enjoy hearing the truth for a change, please take the time to rate this video and others like it. Subscribe, Rate, Comment Thx www.chrismartenson.com/ stopspendingourfuture.org The next real estate time bomb money.cnn.com China has woken up www.telegraph.co.uk Tax revenues PLUNGE online.wsj.com Hey, what happened to the so called housing recovery? finance.yahoo.com
short segment on cnbc showing how and why the subprime market is turning sour
Much in the same way that US investors were “steered” into rip-off mortgage loans, the entire country has been “steered” into an economic crisis. The question is how to get out of it.