Comments on: Strategic Default: The Next Big Thing In Real Estate

By: Lakenya Kasey

Lakenya Kasey — Mon, 14 Jun 2010 08:10:41 +0000

Great information! I’ve been looking for something like this for a while now. Thanks!

By: Bambi Torez

Bambi Torez — Fri, 28 May 2010 03:34:19 +0000

Banks really piss me off! They start to go under and they get bailouts from the government, but when my four best friends and neighbors need aid, the government doesn’t do anything about it.

By: room

room — Thu, 27 May 2010 11:16:33 +0000

Thanks for your sharing, it’s very useful

By: bellingham real estate

bellingham real estate — Fri, 14 May 2010 22:10:17 +0000

Will probably be fascinating to see what other folks may say.

By: Jesenia Hackl

Jesenia Hackl — Fri, 14 May 2010 21:04:50 +0000

Hi there could I reference some of the insight from this entry if I reference you with a link back to your site?

By: Florida Adjuster

Florida Adjuster — Wed, 07 Apr 2010 17:36:34 +0000

I think Greenspan is getting senile, today he said that you can stop asset bubbles by increasing capital requirements. That just increases the cost of credit. The next time you have a real estate bubble, you’ll have the same problem, assuming that banks are still in the business of loaning against real estate. If you want to stop this problem, then eliminate the federal subsidies for real estate development and investment, then require people in that industry to put their own money at risk instead of someone elses. If Greenspan really wants to change the banking system, though, then simply ban 95% and 90% LTV loans. Require a bigger equity cushion. BTW, the “too big to fail” argument is a fallacious one. During the Great Depression, Canada had no bank failures. The reason was that their banks were very large. The banks closed branches, etc., but none of them failed. By contrast, the US was dominated by thousands of very small banks, and we had more than 10,000 of them fail. So there is nothing inherently unsafe about a banking system dominated by large banks. The real problem with large banks is that during good times, they don’t provide enough competition for each other.

By: Joel Gross

Joel Gross — Mon, 22 Feb 2010 19:51:32 +0000

Great article Nick! Well thought-out and interesting to think about, one of the best you’ve published.

By: SC

SC — Fri, 12 Feb 2010 05:30:41 +0000

Yeah, instead the number of strategic foreclosure is on rise. In fact, one in every four homeowners is now surrendering his home voluntarily. Owning a home is no longer a cherished American dream. For most of them it is like wasting good money over an asset which has lost its value.

By: T Chaz

T Chaz — Mon, 08 Feb 2010 05:17:11 +0000

Well, there is another solution…drop a daisy bomb on entire communities thruout the US & collect the Insurance…that’s about as good as it gets thanks to the “Illuminati” world of finance…This is sickening…/

By: Barbara Nelson

Barbara Nelson — Sun, 07 Feb 2010 22:03:27 +0000

what about paying the monthly mortgage amount about every 3rd month? That would effectively reduce the cost of housing by 2/3, while not pressing the bank to do much. They have bigger fish than those 2-3 months behind, right? That would at least give (me) a chance to get caught up with other bills, freeing more $$ for when I decide to stay…or go…