If TRUMP becomes President will the subprime make a comeback

[john1234]

?

[motivatedceo]

I don't think Donald Trump will have any direct effect on the subprime lending market. No.

But I think he would be 10x the leader of our current head socialist. We need someone with good values & morals, not to mention big cojones, combined with someone with enough experience AND success in business to know how to properly run things fiscally. Donald is the man.

Our country is being driven into the ground financially ... and with Donald in the White House and Republicans in the House & Senate ... wow .. this nation could probably cut its expenses by 25-40% in a matter of a year and still run smoothly.

But honestly, I don't think Donald has too good of a chance. I love the guy, but most people either seem to love him - or hate him. He has the type of "tough, no BS" personality that turns some people off. However being a business man myself - and being someone who has researched him and read almost every book written by or about him - I have complete respect for the man. But we will see what happens.

[GRIDcorp]

     I read Art of the Deal when it first came out, I was 13. I have been interested in RE since.

     I think Trump would make a great leader for our country. We need to run gov't like a business after all it is the largest service business in the world. It's about time we recieve value from it and quality service.

[Bluemoon06]

Remember civics class in high school.  The president is not the boss like a king.  The president doesn't do anything.  He sets the agenda for discussion that is about it.  Obama wanted healthcare for everybody.  He couldn’t get it.  Subprime is a liberal idea.  The country is going conservative so subprime is not in favor and will take more than a president to get back.

[Mdhaas]

Remember civics class in high school.  The president is not the boss like a king.

That is the best comment that I have seen in months.  It is so funny seeing everyone blaming the President for the ills of the U.S.   When there is a republican president it is all the Republicans fault, when there is a sitting Democrat, the same.  If everyone would quit acting like children on the street pointing fingers and would start working together for a common goal...............................................

[fdjake]

Sub-prime will come back when the BANKS can make MONEY on those loans again.

It won't be the same subprime of the mid 2000's and it'll have a NEW NAME!!!!  Maybe something like.....

Threshold Mortgages (where the borrower BARELY meets the credit limits) that's if WALL ST. Comes up with the name.  They LOVE to make things sound more EXOTIC than they really are...Gotta keep the HERD in check!

Or...If the REALTY LOBBY gets involved will have.....

The "SECOND CHANCE MORTGAGE" or the "DREAM BUILDER PROGRAM"

One way or another.....At some point SOMEONE is going to see the opportunity in LOANING $$$$$$ at the BOTTOM of a REAL ESTATE BUST....and the LIGHT BULB will go off!!!

"WOW...IT's a LOT less risky loaning someone money on a house worth $40K in 2011 than it was loaning $220k on that same house in 2005.  AND, if we charged a HIGHER INTEREST RATE on a LOWER loan amount........OUR RETURN IS MUCH HIGHER on a NET BASIS!!!!"

BUT......AS ALWAYS...

When the time arrives to take AVANTAGE of these opportunities, MOST are too scared.
they felt more COMFORTABLE loaning $500,000 to PART TIME landscapers in 2005 than loaning $50k to a guy with "recession credit" and a new job!!

THE HERD........They can't see FUTURE OPPORTUNIES because their view is obscured by the @ss in front of them.  BUT they feel SAFE there.

[GRIDcorp]

     The President is not king but he is the most powerful man in the world. The problem we have in my mind is that we have a community organizer who is not capable of organizing a national community. Having the views I have he is incapable of making the changes I believe will need made.

     What we need is a leader who can set the agenda to get this country back on the right track and not care about the immediate consequences. We are a mess, we provide foriegn aid trying to buy goodwill, while our debt grows. It is not that I want to see people suffer but giving away OUR future is not a smart move. Whoever becomes President is going to have to make some hard choices and recieve alot of flack. Change is needed and will be uncomfortable, it is like disciplining my children, they dont understand it is for their own good it just sucks to go to bed and do their homework.

     As far as the RE bubble. I hope the big companies continue to sit on their hands. It will give me the time I need to get my Investment Group together and grow it into an REIT. If I can make 3 investor's money I can make 33 investor's money, and 333. Opportunity exists for us the entreprenuer to make moves that will create empires. Think about the big picture. If my track record proves my investment expertise then I can build off of that. I can run around optioning properties forever or I can systematically makes moves that will lead to bigger deals.

[furnishedowner]

To me, Trump is a scary megalomaniac who has written some good negotiation and real estate books that I enjoyed.  I respect and admire that level of business savvy.  I like his apprentice TV show, too.

But that is all I admire about him.  So far.

This is not a tempered diplomat who would be valued on the world stage.

He is being skewered in Doonesbury.  You have gotta see his hair in that comic strip!  It's hard to admire a man who has too much vanity to allow his head to bald naturally.  Baldness is perfectly normal and looks perfectly fine. Why is he so insecure that he would rather become a joke, with that dead-animal hairdo.

He is also losing credibility because of his inability to accept the State of Hawaii's verification of President Obama's birth certificate or certificate of live birth or whatever they used.  That bone has been chewed down to the nubs.

I have a relative whose birth certificate states "Somerville Hospital Certificate of Live Birth".  It doesn't even have the name of the state on it!  Massachusetts accepts that as does the US Passport Agency.

And I don't even have a birth certificate, having been born at home.  My baptismal certificate has always been used to verify my place and date of birth since it states when and where I was born, and where baptised.  Also good enough for US Immigration.

About Obama's mother--why would anyone in their right mind go to Kenya to give birth when they could use a modern hospital in Honolulu?  Not even logical.

Sorry, wandered off into politics.  But, the Republican Party sure needs Colin Powell, flawed as he is.  Every other candidate so far just does not have the gravitas, the steadfastness, the ability to convey confidence in their intelligence and ability to do the job.  Trump is gonna implode when he opens his mouth.

Furnishedowner 

[allagash]

furnished is right....

Trump is gonna implode when he opens his mouth.

but not so right on that one...

some good points though....

-Mike<back to stock stuff

[kdhastedt]

I have asked before other places and gotten 'crickets':  Who is responsible to vet Presidential candidates?  Any candidates?  Answer is apparently "No one".

No one in the Federal Governement has stepped up and said, "I vetted Barack Obama" or "I vetted John McCain (who for a FACT was not born in the US - but is specifically covered by  8 USC 1403)".

This was poorly handled from the onset.

Keith

[Mdhaas]

I take my dog to a vet. Does that qualify as vetting? 

Sorry. Couldn't pass that up.

[kdhastedt]

That's more than candidates get!

Keith

[allagash]

I take my dog to a vet. Does that qualify as vetting? 

that's about where I was at.....

-Mike

[Mdhaas]

That's more than candidates get!

I concur.  We need to do away with Democrats, Republicans, Liberals, etc. and just elect individuals who will do something, instead of bicker and finger point.  If they actually sat down as a group and found a solution to a problem it would be amazing. Instead one works on finding a solution and the other parties work on ways to discredit it because it is not their idea.




Disclaimer: This is a general discussion. It is not intended to be solely political in nature and not directed at any political group, its successors and/or assigns.   

[Bluemoon06]

Presidential candidate are vetted by their party.  The vetting is limited to their ability to be the Democrat or Republican with the best chance of winning.  There is a Federal Election Commission but all they vet is the funding of the campaigns. If a monkey raises enough money they will be tracked as officially running.