@Thomas Hickey It's really the situation then that regardless of all the rules and regulations about borrowing and lending, especially for mortgages, and especially since the 2008 mortgage crisis, that no one cares if people ignore them, as long as the monthly payments are being received?

I’ve seen the days of major refis, the 13 month recession in 2002-2003, more refis, financial crisis (which was just downright obvious all the crap happening), to the upswing and greediness again, now seeing more refis come up....more jacked up prices and a lot of “reduced” daily reports on MLS.  

The reason is that we haven't seen a big drop in values since the S&L Crisis many many decades ago that was accompanied by an oil crisis.

Just before the current crisis, I was getting ready to start in Commercial Wholesaling.Is it a good idea to still start now?

Yet, the ban drags on.....I've generally been impressed with Governor DeSantis' handling of the crisis but no more.

AOC and her friends are going to create a real housing crisis in NYC.  

The owner becomes financially incapable of making the payment and ignores the situation until it becomes an emotional crisis for them and they won't acknowledge the situation and solve it. 

If we want some focussed action in the midst of a crisis we have to have very clear objectives and carry them out in the fastest most effective way possible.

http://finance.yahoo.com/news/General-Growth-files-for-rb-14945510.htmlNEW YORK (Reuters) - General Growth Properties Inc, the second-largest U.S. mall owner, declared bankruptcy on Thursday in the biggest real estate failure in U.S. history.Ending months of speculation, General Growth, along with 158 of its 200-plus U.S. malls, filed Chapter 11 while it tries to refinance its debts.But the ongoing global financial crisis made it impossible for General Growth to restructure outside of bankruptcy and could signal further troubles for other financial institutions who are General Growth creditors.The collapse underscores the pressure on U.S. commercial real estate with few sources of available funding.Chicago-based General Growth, which owns such valuable properties as South Street Seaport in New York, Fashion Show in Las Vegas and Faneuil Hall Marketplace in Boston, listed total assets of $29.56 billion and total debts of $27.29 billion.The collapse marks a sad chapter for a company that has been growing since 1954, when brothers Martin and Matthew Bucksbaum decided to expand their family's grocery business and build a shopping center in Cedar Rapids, Iowa.The company expanded steadily through both building and buying malls, the largest acquisition being the 2004 purchase of high-end mall owner Rouse Cos for $14.2 billion.

If we have a health crisis that requires immediate response to prevent further damage throughout the population, the government is already set up to respond.