{"id":193559,"date":"2008-12-06T19:31:00","date_gmt":"2008-12-07T00:31:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/12\/06\/i-think-that-someone-is-stuck-in-a-do-loop\/"},"modified":"2008-12-06T19:31:00","modified_gmt":"2008-12-07T00:31:00","slug":"i-think-that-someone-is-stuck-in-a-do-loop","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/12\/06\/i-think-that-someone-is-stuck-in-a-do-loop\/","title":{"rendered":"I Think that Someone is Stuck in a Do Loop"},"content":{"rendered":"<p>Because it looks like <a href=\"http:\/\/money.cnn.com\/2008\/12\/03\/news\/economy\/treasury_mortgage_rates\/index.htm\">Treasury&#8217;s latest plan is to lower mortgage rates to 4.5% for new home buyers<\/a>, to stop the slide in home prices.<\/p>\n<p>First, you can&#8217;t re-inflate the bubble&#8230;The speculative frenzy that was at its core is <span style=\"font-weight:bold;\">over<\/span>.<\/p>\n<p>Second, why would someone buy a house at 4.5%, when whoever you sell the house to 20 or 30 years later would buy at a more normal rate, driving the price down.<\/p>\n<p>Basically, it&#8217;s an attempt to get people to knowingly buy overpriced homes.<\/p>\n<p>Does it come with a kick me sign for buyers to wear on their back?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Because it looks like Treasury&#8217;s latest plan is to lower mortgage rates to 4.5% for new home buyers, to stop the slide in home prices. First, you can&#8217;t re-inflate the bubble&#8230;The speculative frenzy that was at its core is over. Second, why would someone buy a house at 4.5%, when whoever you sell the house &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1010,1004,982],"tags":[],"class_list":["post-193559","post","type-post","status-publish","format-standard","hentry","category-bureaucracy","category-finance","category-stupid"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193559"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=193559"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193559\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=193559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=193559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=193559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}