Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
Members
Registered members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
RAM TRX - TRX-Forum.com
Bronco Raptor - BroncoRaptorForum.com
Forums
GEN 2 (2017-2020) Ford F-150 Raptor Forums
Ford F-150 Raptor General Discussions [GEN 2]
Projections: Used Automotive Market
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="jabroni619" data-source="post: 1721623" data-attributes="member: 24059"><p>It's not about letting 2008 happen. At least as far as the housing market is concerned, 2008 really can't happen. The ingredients just aren't there. Not only are stated income loans a thing of the past, meaning your housekeeper or babysitter cannot claim he/she makes 300k a year and get a loan, but everything is 15 or 30 year fixed nowadays. Predatory lenders were giving people who clearly do not make what they say they make a variable interest rate loan, with an interest only payment for 5 years. After 5 years, not only do you have to start paying off your principle, but your interest rate also shot way up, effectively tripling your mortgage payment in many cases. Combine that with home values dropping and you had the perfect storm.</p><p></p><p>Today, anyone who can afford their payment now, will still have the same payment 5-10-15 years from now. Real estate will still have it's ebbs and flows but there isn't going to be a glut of people who suddenly cannot afford their home and need to foreclose, so if you're waiting for THAT boat to circle back, your wait will be indefinite.</p></blockquote><p></p>
[QUOTE="jabroni619, post: 1721623, member: 24059"] It's not about letting 2008 happen. At least as far as the housing market is concerned, 2008 really can't happen. The ingredients just aren't there. Not only are stated income loans a thing of the past, meaning your housekeeper or babysitter cannot claim he/she makes 300k a year and get a loan, but everything is 15 or 30 year fixed nowadays. Predatory lenders were giving people who clearly do not make what they say they make a variable interest rate loan, with an interest only payment for 5 years. After 5 years, not only do you have to start paying off your principle, but your interest rate also shot way up, effectively tripling your mortgage payment in many cases. Combine that with home values dropping and you had the perfect storm. Today, anyone who can afford their payment now, will still have the same payment 5-10-15 years from now. Real estate will still have it's ebbs and flows but there isn't going to be a glut of people who suddenly cannot afford their home and need to foreclose, so if you're waiting for THAT boat to circle back, your wait will be indefinite. [/QUOTE]
Insert quotes…
Verification
Post reply
Members online
Telecaster480
DaveInMn
MSP
pirates1456
nelsonr103
FP_RPTR
ToadSmasher2K1
Brad_hartpro
Stingray23
Admin.RealTruck
Staticroof
10SpdsOfFury
Ryan C
Barak
RaptorAddict1
Ziggy2023
SeasickLI
rino
Budget1
RaptorJoe331
ln13ln13
CessnaDriver
jekyll537
OBXRAPTOR17
Azurebeast
Jakenbake
Current
BBR
daytona1783
jond
LibertyDNP
Braaaaptor
NickyF25
ohhcho
BoostCreep
Coyote_695
navy2x
Russ103
BamaFun
sukid
alibo70
Prormk
Punkur67
CruiserClass
RCorsa
Pyro3601
MZRaptor72
taquitos
JacketedHP
ktownsensation
... and 16 more.
Forum statistics
Threads
93,186
Posts
1,955,599
Members
56,468
Latest member
ngodavid23
Forums
GEN 2 (2017-2020) Ford F-150 Raptor Forums
Ford F-150 Raptor General Discussions [GEN 2]
Projections: Used Automotive Market
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top