tag:blogger.com,1999:blog-7539577136486286096.post7189654841419014351..comments2024-03-06T04:36:10.711-06:00Comments on Supply and Demand (in that order): Obama and Bush Congratulate Each Other on Bad PolicyCasey B. Mulliganhttp://www.blogger.com/profile/03317454408275318282noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7539577136486286096.post-58864595435882717082009-02-23T16:55:00.000-06:002009-02-23T16:55:00.000-06:00This would be a general comment rather than an opi...This would be a general comment rather than an opinion on one of the posts. I was wondering how a demand can be created or rather improved in the housing market with 299,398,484 people in the US (2006 census estimate), and 126,316,181 households (2006 census estimate). Now these are general numbers taking into consideration, a significant number of those "households" could be just apartments or rented properties, but it would still make sense to leave them as they are since not all people might be willing to "buy a home".Unknownhttps://www.blogger.com/profile/11879671092707128957noreply@blogger.comtag:blogger.com,1999:blog-7539577136486286096.post-14634302602587926742009-02-19T15:20:00.000-06:002009-02-19T15:20:00.000-06:00Beyond the two means tested aspects (the 31% of in...Beyond the two means tested aspects (the 31% of income threshold) and “struggling financially” aspect now a strengthening of the third mechanism. <BR/><BR/>In “depressing scenario” Mulligan includes the threat of bankruptcy. Now Obama is strengthening this with this “cram down” business. The courts are brought into the market, and presumably take income into account when craming down the debt.<BR/><BR/> http://www.dailyfinance.com/2009/02/18/mortgage-cramdowns-could-slam-banks-balance-sheets/<BR/><BR/>“Among the steps Obama outlined during a news conference in Phoenix during which he unveiled his new housing plan is a provision that would let bankruptcy judges reduce the principal outstanding on a homeowner's mortgage as a way to lower monthly payments.”Tinohttps://www.blogger.com/profile/06744296507176750198noreply@blogger.com