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Monday, August 13, 2007Builders - What to Do?Some builders in the area are offering seller financing to see if that makes things move. Do you think after Friday the Fed's are finally seeing how bad things are and may reduce rates soon and loosen money?
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4 comments:
No, I believe that there are so many peripheral circumstances (the derivatives market - what is that? Also the lack of good decisionmaking in the mortgage market, Liar Loans, etc...) that have brought us to this point, and the historically low interest rates of recent years which have added fuel to the fire, we need (for the greater good) to swallow the bitter pill we are being fed and adjust our ways and expectations. Lowering rates would just prolong the suffering and delay the inevitable.
After every period of volatility the country and economy have come out stranger than before.
Of course, I would love it if they did lower rates, I have an adjustable due to re-set in the fall of 2008.
It is certainly not out of the question and will be a topic of discussion I am sure. The fed has a difficult job of restoring faith without creating inflation....we shall see.
The hedge fund lenders did not have a risk management in place. That is a disgrace. Consumers are spooked by this.
Headline Risk- Bob Osteen- the national investor says we are going to see alot of headline risk.
There is still alot of cash out there- the balance sheets are the best in 15 years. Right now consumers can get some good buys on some invester homes and the stock market is a buying opportunity, if you are in it for 2-4 years it will come back in a vengance. And the same with the housing industry-it will come back.
I believe it will come back- in 3-4 years
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