The Collected Works of Author and Blogger Larry Roberts

Archive for October, 2013

I see trees of green........ red roses tooI see em bloom..... for me and for youAnd I think to myself.... what a wonderful world. Louis Armstrong -- What a Wonderful World With house prices up more than 20% off the bottom, and with the chorus in the mainstream media proclaiming now is a great time to buy, it would seem we have the perfect time to buy a house. I recently asked, Can it be a good time to buy and a good time to rent? My conclusion was that it can be. Despite the euphoria, there are serious concerns many market observers have over buying in today's market. What You Need to Know Before Buying a House Yes, the…[READ MORE]

With the US taxpayer still backing more than 90% of all mortgages in the United States, it's good public policy to keep mortgage lending standards tight in order to prevent future losses. Despite this simple truth, many parties would like to see lending standards loosen so facilitate reflating the old housing bubble. Lenders want looser standards on government loans so they have less risk of a put-back loss. Both lenders and homeowners want to see looser standards on all loans to increase the size of the buyer pool to help push up prices. Politicians want to see looser lending standards to make lenders and homeowners happy, and they want to deflect complaints that they are shutting people out of home…[READ MORE]

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