Comments on: Pensacola Real Estate News: Did Speculators Accelerate Florida Housing Downturn?

By: Blue Ridge Georgia Cabin Rentals

Blue Ridge Georgia Cabin Rentals — Wed, 13 Feb 2008 18:27:32 +0000

I don’t know if they caused it but they had there part. If they are cashing in on the ARM situation by accepting assistance I don’t think it is fair. Flipping has certain pro’s and con’s and to be researched before you jump in.

For those who were forced into ARM by lenders being told no other option and there was then they should be assisted and offered that 30 year fixed they qualified for.

For those who knew they were going to have problems in a few years and planned to sell before then and buy elsewhere I don’t think we should bail them out.

There are alot of people who want a home and save and act responsible and buy only when they can afford and only a loan that works for there income.

By: Charles Woodall

Charles Woodall — Mon, 11 Feb 2008 18:44:06 +0000

The key word is accelerate. There is no way the run up in prices could have continued like it was going. But when the investors jumped in with both feet, it just made the inevitable come that much quicker.

Good analysis!

By: Cyndee Haydon

Cyndee Haydon — Mon, 11 Feb 2008 00:44:27 +0000

Karl - this article was so insightful. Loved your analysis and the links to more info. I agree with you - a little bit of both the chicken and the egg.

P.S. Love the clean look of your blog too!