[DCPatriot]

Okay...been reading your Chicken Little screeds on the real estate market for months.

You obviously need to take a Economics 101 course.

Vacant, boarded homes are a physical and economic blight on any neighborhood. They devalue EVERYBODY's home. The only help these people who are upside down in their mortgages is government intervention

People who are liquid will be able to take advantage of the inventory glut. Right now, it's 'investors' with cash who are buying bank/REO properties before they even reach the papers.

I know of one who services the network of the largest law office that specializes in going after people behind in their mortgage or condo/HOA fees. He's purchased 3 of them already this year.

[Hydroshock]

So? I am not talking about your neighborhood or mine. I am talking about sound banking and economic policy. And again I say it is very hypocritical of many who for years have decried any form of governmental regulations or intervention to now be screaming for if, like Mr. Cramer is. What is stopping the mortgage companies from offering to convert all the arms to 30 fixed loans at 4% interest. Nothing, but the fact that it does not help them it helps the home owners. They do not care about the homeowners as they claim. They are running scared.

[Pelham]

You obviously need to take a Economics 101 course. Vacant, boarded homes are a physical and economic blight on any neighborhood. They devalue EVERYBODY's home. The only help these people who are upside down in their mortgages is government intervention

Evidently the Econ 101 course you took was written by one of Keynes' disciples and you swallowed it whole. A blighted neighborhood makes you feel bad, so you want to a government program to bail out the afflicted. Such a nice sob story- have you considered working on Hillary's campaign?