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TexasLine.
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February 16, 2010 at 2:37 PM #17054February 16, 2010 at 3:02 PM #513634
briansd1
Guesti read that article too.
About the higher end, I also read:
Homeowners with mortgages of more than $1 million are defaulting at a far higher rate than those in the overall market as stock market losses and pay cuts squeeze wealthy borrowers.
Payments on about 12 percent of mortgages exceeding $1 million were 90 days or more overdue last fall, compared with 6.3 percent on loans less than $250,000 and 7.4 percent on all U.S. mortgages, according to the latest data from First American CoreLogic Inc., a California-based research firm. The overdue payment rate for mortgages above $1 million was 4.7 percent a year earlier.
In my opinion, if affordable areas are suffering, high-cost areas, such as San Diego, still have some way to fall.
February 16, 2010 at 3:02 PM #513781Guesti read that article too.
About the higher end, I also read:
Homeowners with mortgages of more than $1 million are defaulting at a far higher rate than those in the overall market as stock market losses and pay cuts squeeze wealthy borrowers.
Payments on about 12 percent of mortgages exceeding $1 million were 90 days or more overdue last fall, compared with 6.3 percent on loans less than $250,000 and 7.4 percent on all U.S. mortgages, according to the latest data from First American CoreLogic Inc., a California-based research firm. The overdue payment rate for mortgages above $1 million was 4.7 percent a year earlier.
In my opinion, if affordable areas are suffering, high-cost areas, such as San Diego, still have some way to fall.
February 16, 2010 at 3:02 PM #514204Guesti read that article too.
About the higher end, I also read:
Homeowners with mortgages of more than $1 million are defaulting at a far higher rate than those in the overall market as stock market losses and pay cuts squeeze wealthy borrowers.
Payments on about 12 percent of mortgages exceeding $1 million were 90 days or more overdue last fall, compared with 6.3 percent on loans less than $250,000 and 7.4 percent on all U.S. mortgages, according to the latest data from First American CoreLogic Inc., a California-based research firm. The overdue payment rate for mortgages above $1 million was 4.7 percent a year earlier.
In my opinion, if affordable areas are suffering, high-cost areas, such as San Diego, still have some way to fall.
February 16, 2010 at 3:02 PM #514297Guesti read that article too.
About the higher end, I also read:
Homeowners with mortgages of more than $1 million are defaulting at a far higher rate than those in the overall market as stock market losses and pay cuts squeeze wealthy borrowers.
Payments on about 12 percent of mortgages exceeding $1 million were 90 days or more overdue last fall, compared with 6.3 percent on loans less than $250,000 and 7.4 percent on all U.S. mortgages, according to the latest data from First American CoreLogic Inc., a California-based research firm. The overdue payment rate for mortgages above $1 million was 4.7 percent a year earlier.
In my opinion, if affordable areas are suffering, high-cost areas, such as San Diego, still have some way to fall.
February 16, 2010 at 3:02 PM #514550Guesti read that article too.
About the higher end, I also read:
Homeowners with mortgages of more than $1 million are defaulting at a far higher rate than those in the overall market as stock market losses and pay cuts squeeze wealthy borrowers.
Payments on about 12 percent of mortgages exceeding $1 million were 90 days or more overdue last fall, compared with 6.3 percent on loans less than $250,000 and 7.4 percent on all U.S. mortgages, according to the latest data from First American CoreLogic Inc., a California-based research firm. The overdue payment rate for mortgages above $1 million was 4.7 percent a year earlier.
In my opinion, if affordable areas are suffering, high-cost areas, such as San Diego, still have some way to fall.
February 16, 2010 at 11:53 PM #513824
svelteParticipantIt has ticked me off to no end that the media has focused for the last year on Elkhart, IN as the typical example of how the recession has hit middle America.
From Wikipedia:
“Due to the high concentration of the RV industry in the area, Elkhart is dubbed the “RV Capital of the World.”[12] The city is also home to some small and large shops which support the RV (Recreational Vehicle) industry as well as construction.”
Of course the recession would hit the RV industry the hardest! RVs are the epitomy of an expense that households can eliminate without pain!
Typical my arse.
February 16, 2010 at 11:53 PM #513972svelteParticipantIt has ticked me off to no end that the media has focused for the last year on Elkhart, IN as the typical example of how the recession has hit middle America.
From Wikipedia:
“Due to the high concentration of the RV industry in the area, Elkhart is dubbed the “RV Capital of the World.”[12] The city is also home to some small and large shops which support the RV (Recreational Vehicle) industry as well as construction.”
Of course the recession would hit the RV industry the hardest! RVs are the epitomy of an expense that households can eliminate without pain!
Typical my arse.
February 16, 2010 at 11:53 PM #514396svelteParticipantIt has ticked me off to no end that the media has focused for the last year on Elkhart, IN as the typical example of how the recession has hit middle America.
From Wikipedia:
“Due to the high concentration of the RV industry in the area, Elkhart is dubbed the “RV Capital of the World.”[12] The city is also home to some small and large shops which support the RV (Recreational Vehicle) industry as well as construction.”
Of course the recession would hit the RV industry the hardest! RVs are the epitomy of an expense that households can eliminate without pain!
Typical my arse.
February 16, 2010 at 11:53 PM #514488svelteParticipantIt has ticked me off to no end that the media has focused for the last year on Elkhart, IN as the typical example of how the recession has hit middle America.
From Wikipedia:
“Due to the high concentration of the RV industry in the area, Elkhart is dubbed the “RV Capital of the World.”[12] The city is also home to some small and large shops which support the RV (Recreational Vehicle) industry as well as construction.”
Of course the recession would hit the RV industry the hardest! RVs are the epitomy of an expense that households can eliminate without pain!
Typical my arse.
February 16, 2010 at 11:53 PM #514735svelteParticipantIt has ticked me off to no end that the media has focused for the last year on Elkhart, IN as the typical example of how the recession has hit middle America.
From Wikipedia:
“Due to the high concentration of the RV industry in the area, Elkhart is dubbed the “RV Capital of the World.”[12] The city is also home to some small and large shops which support the RV (Recreational Vehicle) industry as well as construction.”
Of course the recession would hit the RV industry the hardest! RVs are the epitomy of an expense that households can eliminate without pain!
Typical my arse.
February 17, 2010 at 12:16 AM #513834TexasLine
Participant[quote=svelte]It has ticked me off to no end that the media has focused for the last year on Elkhart, IN as the typical example of how the recession has hit middle America.
From Wikipedia:
“Due to the high concentration of the RV industry in the area, Elkhart is dubbed the “RV Capital of the World.”[12] The city is also home to some small and large shops which support the RV (Recreational Vehicle) industry as well as construction.”
Of course the recession would hit the RV industry the hardest! RVs are the epitomy of an expense that households can eliminate without pain!
Typical my arse.[/quote]
Hello? “Typical/Average America” was not the point of the article. Hello? – End of Gov’t intervention was the point.
Indiana or San Diego; end the gov’t intervention and all “6 mo-bets” are off. Ain’t gonna happen though….the intrusion, I mean.
February 17, 2010 at 12:16 AM #513982Participant[quote=svelte]It has ticked me off to no end that the media has focused for the last year on Elkhart, IN as the typical example of how the recession has hit middle America.
From Wikipedia:
“Due to the high concentration of the RV industry in the area, Elkhart is dubbed the “RV Capital of the World.”[12] The city is also home to some small and large shops which support the RV (Recreational Vehicle) industry as well as construction.”
Of course the recession would hit the RV industry the hardest! RVs are the epitomy of an expense that households can eliminate without pain!
Typical my arse.[/quote]
Hello? “Typical/Average America” was not the point of the article. Hello? – End of Gov’t intervention was the point.
Indiana or San Diego; end the gov’t intervention and all “6 mo-bets” are off. Ain’t gonna happen though….the intrusion, I mean.
February 17, 2010 at 12:16 AM #514406Participant[quote=svelte]It has ticked me off to no end that the media has focused for the last year on Elkhart, IN as the typical example of how the recession has hit middle America.
From Wikipedia:
“Due to the high concentration of the RV industry in the area, Elkhart is dubbed the “RV Capital of the World.”[12] The city is also home to some small and large shops which support the RV (Recreational Vehicle) industry as well as construction.”
Of course the recession would hit the RV industry the hardest! RVs are the epitomy of an expense that households can eliminate without pain!
Typical my arse.[/quote]
Hello? “Typical/Average America” was not the point of the article. Hello? – End of Gov’t intervention was the point.
Indiana or San Diego; end the gov’t intervention and all “6 mo-bets” are off. Ain’t gonna happen though….the intrusion, I mean.
February 17, 2010 at 12:16 AM #514498Participant[quote=svelte]It has ticked me off to no end that the media has focused for the last year on Elkhart, IN as the typical example of how the recession has hit middle America.
From Wikipedia:
“Due to the high concentration of the RV industry in the area, Elkhart is dubbed the “RV Capital of the World.”[12] The city is also home to some small and large shops which support the RV (Recreational Vehicle) industry as well as construction.”
Of course the recession would hit the RV industry the hardest! RVs are the epitomy of an expense that households can eliminate without pain!
Typical my arse.[/quote]
Hello? “Typical/Average America” was not the point of the article. Hello? – End of Gov’t intervention was the point.
Indiana or San Diego; end the gov’t intervention and all “6 mo-bets” are off. Ain’t gonna happen though….the intrusion, I mean.
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