Proper Prior Planning Prevents Piss Poor PerformanceI get that people need gas, water, or bread, I do understand it  though it’s funny how people forget they need it until it’s a crisis.  

America has been devastated by the downfall of home prices and the increase of foreclosures, unemployment, and average debt, to the point of causing a Global economic crisis.

It is the main problem that tenants are excusing a lot for not paying rents because of current economic crisis but it is straightforward that it they can't pay then they can't stay anymore.

Quick note for everyone -- we're taking today/tomorrow off from development (unless some major crisis happens), so it'll be Wednesday before we get to any of these design tweaks. 12 hour days on the weekend take their toll on you.As for being an active admin -- part of the difference is that this site is my business; I'm not just the site admin.

Of course, after the credit crisis of 2008, more people focused on gold.

THEY ARE NOT.There are many investor funds that were started out to deploy money hoping for the S and L crisis of the 90's.That scenario never happened so you have a bunch of money waiting to be deployed for unrealistic returns.The fund parameters have to be adjusted if they are going to purchase anything or will just have to return the money.Some fund managers are going from prime urban core markets to secondary suburban markets and tertiary rural markets to hit a higher return.I haven't seen 20 to 30 percent going in so in my area that is a pipe dream.

Jon, it seems to me that the only way Washington acts is under a crisis - either a crisis generated in the economy (subprime stuff) or one that is "manufactured" in DC (this debt ceiling - they could have haggled over this when they passed the budget a few weeks ago.)It bothers me that this mode of operation has only been going on now for ... ohhh ... 30 years (probably longer).In regards to S&P's timing, if they review movies, they would just now start covering Titanic.

A President who takes office in a time of such a crisis has an opportunity to be great, he also has an opportunity to be a complete failure.

However, nearly all lenders--portfolio, credit union and other--typically underwrite to Fannie/Freddie guidelines because: (a) They may want to sell the loan to Fannie/Freddie in the future to raise cash; (b) Fannie/Freddie guidelines (with the exception of them veering from sound underwriting standards during the period leading to the credit crisis) are conservative and proven over time; and (c) Most non-conforming lenders don't want to put their own money at risk.

I believe that this crisis has been caused by decades of living a lifestyle that we can't afford - both personally and on a governmental basis.