Sam On This News Today

Delinquencies, and youre going to see this huge spike. i mean, we havent really seen driven question si rates like this forever. at least one late-notice on some of them. what is your view on this market for the next 12 months? do you think were going to get a real recovery here? >> no, absolutely not. and the more we try to use government regulation or tax breaks to artificially prop the market, the worse off were going to do. i think were going to see the foreclosure numbers hit the 4million m...

If were investing that much money, maybe upwards of a trillion dollars, are we getting our moneys worth? >> i think the investments are structured as a senior preferred share agreement, so this isnt public taxpayer money that is simply being handed over to fannie and freddie. it is in the form of senior preferred shares, and there are obligations that go along with that, payments that have to be made back to the treasury and the public purse. jenna: but will they ever pay that back, sam? >> that...

Low mortgage rates, but who has a job to afford it? >> i just bought, so its not necessarily all bad. jenna: oh, you did? >> if youre going to buy for the long term and be there for over a decade, make sure you love the house. go ahead and buy. but this is not a time to go in and think youre going to flip in six months or a year. jenna: good point. sam, did you buy a house too? >> in 2004. ive been able to hold my own so far. jenna: thats good. at least there is some buyers in the market. mark a...

Still dominating market activity, and thats going to make it very difficult. we also dont have a normalization around mortgage rates in part because of the inflows and outflows as people see changes in the economy. jenna: we just lost dani. maybe that was her answer. i know how she feels. sam, really quick, you said a couple of years. i know economists dont necessarily like to give specifics, do you mean, like, two, or ten? >> yeah, later on, a decade out, potentially, before we see real normali...

Necessarily need those new projects, so its a tough thing. mark, real quick, how long do you think its going to take before we see a more regular housing market and maybe better regulation too? >> i have to largely agree with sam on this, were going to be a number of years, five or six minimum, before most parts of the country start to see, you know, solid appreciation. i actually think for the next year in many parts of the country were going to see continued declines, probably 5 maybe even 10%...

Homeowners. we need to have reasonable underwriting standards so that we dont continue to have these housing bubbles. jenna: mark, is that even possible to have that really happen? >> well, the question is going to be, you know, short term versus long term. i do think you need to find a glide path and a transition period where we can get the government out of this, but there are many countries around the world, canada, for instance, has a home homeownership rate hr than ours, and they dont have ...