Reply #9: Case by case is fine, but at what point do you renegotiate? [View All]

[ben_meyers]

So you go through the trouble and expense of a debt forgiveness and renegotiation of terms and 6 months later you are upside down again. Housing values are dropping 15-20% a quarter, are you willing to predict a bottom now?

One inconvenient little truth in the housing industry is that the largest population bubble (baby boomers) are now at an age where they are wanting to downsize in their housing needs. The kids are gone and they want to pull the equity for retirement. Who are they going to sell all those 4 br 2ba 3ga w/pool/spa and media/rm to? Housing has a long way to fall yet, how do you calculate a L/V ratio when you have a moving target.