Couldn't Resist This...
Today my stats counter tracked this visitor...
(Department of Housing and Urban Development)
IP Address xxx.xx.xxx.#
ISP: Department of Housing and Urban Development
Referring URL: http://www.google.co...ions/
Search Engine: google.com
Search Words: "the housing bubble and its implications for the economy"
Location Continent : North America
Country : United States (Facts)
State : District of Columbia
City : Washington
Time of Visit: Sep 12 2006 9:45:23 am
Visit Entry Page:http://www.sonomahou...bubble.blogspot.com/
Visit Exit Page: http://www.sonomahou...bubble.blogspot.com/
Is it just me, or does anyone else find it kind of disturbing that these guys are searching for these kinds of answers on the internet? Shouldn't they be talking to their economist peeps?
posted by Athena @ 12:11 PM
4 Comments:
If YOU wanted good information, on any subject, would you consult ANY expert hired by the bush administration?
{{Search Words: "the housing bubble and its implications for the economy"}}
What to do, what to do? Millions of "homeowners" have already been stretched to their limits by just making the minimum payments on their negative amortization loans. With maxed-out HELOC loans and maxed-out credit cards, mortgagees are also faced with this dilemma: Over $500 Billion worth of these loans are due to reset in the near future.
Never fear! These helpful hints explain how distressed housing bubble-slaves can keep their over-priced domiciles. They can:
· Switch their payment option out of the minimum and move to either a 15-year or 30-year standard-amortization plan.
· Switch to an interest-only option if full payments are not feasible at the moment. At least interest-only payments will not result in still-higher principal balances to pay off later.
· Explore alternative refinancing options sooner rather than later.
The first two suggestions involve making higher payments, so those are out. But that alternative refinancing option sounds like a winner. Oh shit! Housing prices are going down, so no lender will come to the rescue of someone who is upside-down in his house.
I guess those interested in the housing bubble and its implications for the economy will just have to keep searching for solutions.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/18/
AR2006081800534.html
TT- I can't get that link to work...
"Athena said...
TT- I can't get that link to work... "
Neither could I, using the link that I supplied. I was able to get back to the site through my Windows History file. This text box does not allow the use of HTML and part of the link gets cut off. So here is a workaround:
Go here:
http://www.washingtonpost.com
In the SEARCH box enter this:
To Avoid Reset Shock, Plan Ahead
It should be the only article displayed. Sorry for the problem. Hope this is worth the trouble.
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