Tuesday, April 3, 2007

 

How Blind They can Be?

Poichè our economy phony begins to unravel before our eyes, is narcotic how much
little people can really see it. The collective the wisdom of the pandit of the securities market, the
economists and the civil employees of the reservoir federal gives the impression that all is only fine. Even
if some recognize that the lodging is slowing down one heads, that one are problems here isolate to you with
the mortgages of the subprime and that the inflation is not moderating quickly like it they have hoped
(lascili ignore the prices of the oil churns to you), little the threats against continued economic
expansion, or the market of Taurus of stock, the ties or the real estate can see all tomba. More soon this
week a CNBC anchorage has asked to a host if "the baton economic" hour could to pass from the lodging to the
consumer, a lot the same sense that previously has passed from the securities market to lodging. They are
not exactly sure where the anchorage believes that consumers the will hour is convincing the moneies for
condurla from the morass economic. With the mortgages of recordable rate hour that restore more on, domestic
fairness that it disappears, assembly of debit of the credit card, personal saving to the levels low records
and the cost of the base necessities continuing to increase, the consumer entire are hit. In fact, the
expense of the consumer is not to go just to slow down; it is going to cad from the edge of one reef. With
the champions more traditional than loan than mortgage who begin to send back, the traditional domestic
prices cannot too much be far outside. And for those who it cannot notice, median domestic prices are calm
sense over the traditional levels like determine to you from the criteria like affordability and rent
against the own analysis. In many markets, the normal levels can only be half of their values "estimated"
currents. However, had the overabundance of the centers that finally colpiranno the market and the absence
of the qualified or arranged buyers, center the prices, at least in the short term, can fall well under the
normal levels. Also when signaling on the mess of the subprime and the movement to raise the champions
lenders, the greater part in means still obtains it wrong seems to think that "the scricchiolio of emersione
accreditation" the qualification for a mortgage is a problem for the domestic buyers poichè ago that the
much most difficult one. But, preventing to the buyers of overpaying for the centers, the scricchiolio of
accreditation it is really a blessing in the disguise. More strait the champions contribuiranno lenders to
throw down an arrest in the prices of the real estate. Which thing could be better for the domestic buyers
upgrades them that little expensive houses? Sure they could it must attend some more years until that they
could not really save enough moneies for a account, but since the purchase prices will be therefore a lot to
lower itself, those down payments will be easier to accumulate themselves. More of importance, from then
they will take on loan therefore many little moneies, the all in cost of purchase will be reduced more
substantially. A warning naturally is that many such individuals could find themselves vacate to you for a
moment, like the uscieri of landslide of the lodging in to recession extended and strict. Fortune teller
that you cannot have all! The real problems will be for the existing owners of room, particularly those who
overpaid, that it cannot sell for their loan amounts and who fairness or sufficient domestic yields of lack
in order to refinance their mortgages of recordable rate. Moreover to think the pizzico is mortgage lenders,
than they will not be able to recover their investments when the mutuatari stabilize. Naturally, the last
bag the supports will be contributors Americans. Poichè the crisis is increased, the politicians will
unavoidablly try to put outside all in temporary freedom in danger of moneies losing on the bought real
estate during the years of the auction. That will provoke the enormous runs-up of the federal deficit, that
it is financed from inflationary the monetary and fiscal political. Consequently, the greater losses could
have been classified for the thrifty people, pension to you, the investor, or anyone has left to held the
activities financial institutions dollar-denominated when music finally stops to play

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