Comments on: NPR on Subprime Lending: It’s A Vicious Cycle http://www.thesimpledollar.com/2007/04/04/npr-on-subprime-lending-its-a-vicious-cycle/ Financial talk for the rest of us Sat, 16 Feb 2013 01:14:45 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: augustine ruiz http://www.thesimpledollar.com/2007/04/04/npr-on-subprime-lending-its-a-vicious-cycle/#comment-605277 augustine ruiz Wed, 01 Apr 2009 17:04:13 +0000 http://www.thesimpledollar.com/2007/04/04/npr-on-subprime-lending-its-a-vicious-cycle/#comment-605277 I am looking for the program on subprime loans where there was a funny characterization on buying a doll house. Can anyone find that for me?

Thanks

]]> By: TiP http://www.thesimpledollar.com/2007/04/04/npr-on-subprime-lending-its-a-vicious-cycle/#comment-15666 TiP Thu, 05 Apr 2007 04:19:03 +0000 http://www.thesimpledollar.com/2007/04/04/npr-on-subprime-lending-its-a-vicious-cycle/#comment-15666 Can’t say it any better than Peter Schiff:

Even when reporting on the subprime mess and the move to raise lending standards, most in the media still get it wrong. They seem to think the emerging “credit crunch” is a problem for home buyers as it makes qualifying for a mortgage that much more difficult. But, by preventing buyers from overpaying for homes, the credit crunch is actually a blessing in disguise. Tighter lending standards will help precipitate a crash in real estate prices. What could be better for potential home buyers than cheap houses? Sure they might have to wait a few more years until they can actually save enough money for a down payment, but since the purchase prices will be so much lower, those down payments will be easier to accumulate. More importantly, since they will be borrowing so much less money, the total cost of buying will be reduced even more substantially.

http://tinyurl.com/2xdh8c

]]> By: Rock http://www.thesimpledollar.com/2007/04/04/npr-on-subprime-lending-its-a-vicious-cycle/#comment-15555 Rock Wed, 04 Apr 2007 18:02:33 +0000 http://www.thesimpledollar.com/2007/04/04/npr-on-subprime-lending-its-a-vicious-cycle/#comment-15555 These sub prime loans were pushed for so long that the general public needs to be unbrainwashed.

It seems that as expected the companies that are lending money to people with histories of not being able to meet the payments are being to fold. People are defaulting. I don’t think it took a genius to see that one coming.

In general stick with your conventional fixed rate 15 or 30 year.

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