http://www.therealestatebloggers.com/2008/07/22/japans-zephyr-co-collapses-sparks-commercial-real-estate-fears/ Real Estate Blog, Mortgage, and Development News Fri, 20 Nov 2009 23:48:48 -0600 http://wordpress.org/?v=2.8.6 hourly 1 http://www.therealestatebloggers.com/2008/07/22/japans-zephyr-co-collapses-sparks-commercial-real-estate-fears/comment-page-1/#comment-234058 Steve Simon Tue, 22 Jul 2008 14:03:33 +0000 http://www.therealestatebloggers.com/2008/07/22/japans-zephyr-co-collapses-sparks-commercial-real-estate-fears/#comment-234058 I just looked at Duetche Bank's 56 page report, the graphs depicted the deliquencies in various circumstances: fixed loan, adjustables, prime rates, alternate rates, low credit score borrowers, etc. The graphs show what the “Old Men Know!” If the mortgage industry low ethic shops didn’t give loans to those who never should have gotten them we would not be in the real estate mess we are in. To be sure there were other factors contributing to our current state, energy price inflation being a significant one; but were it not for the greedy ethically challanged lending practices used by many in the loan industry the trouble would not be as bad as it is. The mess they have created will take years to work itself out… Steve Simon is the lead instructor of the Steve Simon School of real estate, a Florida real estate school that offers the State of Florida real estate license courses online. I just looked at Duetche Bank’s 56 page report, the graphs depicted the deliquencies in various circumstances:
fixed loan, adjustables, prime rates, alternate rates, low credit score borrowers, etc.
The graphs show what the “Old Men Know!”
If the mortgage industry low ethic shops didn’t give loans to those who never should have gotten them we would not be in the real estate mess we are in. To be sure there were other factors contributing to our current state, energy price inflation being a significant one; but were it not for the greedy ethically challanged lending practices used by many in the loan industry the trouble would not be as bad as it is.
The mess they have created will take years to work itself out…
Steve Simon is the lead instructor of the Steve Simon School of real estate, a Florida real estate school that offers the State of Florida real estate license courses online.

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