The financing mess.....StevesHomeSearch.com

I see only three options on the horizon:

1) the feds wake up and realize WTF is really going on, Lower the rates like they did after 911. The problem with that is So they lower rates witch could possibly bail it out but then there's good old inflation...as soon as the feds lower rates there will be more dollars out there available for retailers to jack up there prices to the consumer and then there's us....or most of us that is...who love to spend $$$$$ lots of it, we just live for today and spend it as fast as we get it....which is why the average American is in debt 15-35K with credit cards, car loans, equity lines..ect...So who really created this mess...the loan agents that got you your loan? President Bush that is getting rich off the cost of gas (he could care less about the housing market)which in turn causes retailers to jack up there prices to the consumer because it costs them more to get there product? Or is it the typical "spend for today" don't worry about tomorrow attitude of so many Americans that take a leap of faith and worry about it later attitude......After all its our own education and our own decisions that we make, no one forced you to obtain a loan with a minimum payment that you knew wouldn't last forever... www.StevesHomeSearch.com

2) the prices of houses come down enough to where people can afford them...what is that number? Who knows based on your debt-to-income ratio...I don't think anyone really wants to know what they can "really" afford....the problem with home prices coming down further is it will hurt the economy because a good portion of the money people spend comes from the equity ATM in there home...which is currently" out of order" The good news is that most homeowners do not want to take a big hit on there home if they have equity in it...which most don't because they cashed it all out and wil not sell there home unless they have too... Also people cannot re-fi to cash out to spend because there LTV(loan to value) have depleted....And one more thing, about 70% of loan agents & realtors and packing up and getting out of the business....does the feds realize how much money they were putting into the economy? yea all the money they made on the unregulated lending standards off all the loans that people are defaulting on now.....fronted $$$ that the ecomonmy will miss or $$$ that should have never been there to begin with and is part of the mess were in now due to it....either way people in the real estate loan business are bailing...too bad for them...im hanging in there.....when people had 10 stores to shop at and now only have three...guess who will get all the business? www.StevesHomeSearch.com

3) people start making a shitload of money quick...stock market goes nuts, stem cell takes off, solar power goes nuts....alternative fuel...something relative to the high tech boom...something needs to take off quick...

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