Re: Sign the recession is running out of steam???... - Saab General Bulletin Board - Saabnet.com
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Re: Sign the recession is running out of steam???...
Posted by BobS (more from BobS) on Wed, 18 Feb 2009 15:05:19
In Reply to: Sign the recession is running out of steam???..., MI-Roger [Profile/Gallery]
, Wed, 18 Feb 2009 14:12:41
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A good sign is existing home sales have been hanging in there, new ones are something else. A lot of things going on in the last few years were not mormal.
In rural areas there was a limited housing boom and resulting bust. Foreclosures are up, but mostly from job loss. Home loans have always been available for those who have good credit and a down payment. Local banks were not so inclined to make no doc, no downpayment, and balloon loans.
Lets just hope the politicians don't mess things up and make the banks eat interest points and other screwy ideas that will make them reluctant to make loans. It may have happen already.
posted by 71.221.225...
Posts in this Thread:
- Sign the recession is running out of steam???..., MI-Roger , Wed, 18 Feb 2009 14:12:41
- Re: Sign the recession is running out of steam???..., chris, Thu, 19 Feb 2009 07:54:39
- Don't think so Re: Sign the recession is runni, Rafe, Wed, 18 Feb 2009 20:37:24
- How much is b/c money is so cheap to borrow right now?, ursaw, Wed, 18 Feb 2009 19:18:11
- Not bottomed out yet--Sadly!, TG, Wed, 18 Feb 2009 16:03:49
- Re: Sign the recession is running out of steam???..., sclifford, Wed, 18 Feb 2009 15:25:40
- Don't celebrate yet, DivrDon , Wed, 18 Feb 2009 15:21:41
- Re: Sign the recession is running out of steam???..., EGD , Wed, 18 Feb 2009 15:12:31
- Re: Sign the recession is running out of steam???..., BobS, Wed, 18 Feb 2009 15:05:19 <-- Viewing This Message
- Re: Sign the recession is running out of steam???..., yaofeng, Wed, 18 Feb 2009 14:21:28
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