PS, you made a generic bet regarding home prices falling when you sold your house. I’m talking about a SPECIFIC bet regarding defaults on existing ARMs in 2007. Two different things entirely.
So, how about a specific wager? Your bet is that greater than 50% of all existing ARMs will ultimately default. My bet is that it will be less than 50%. Make it a dollar amount that’s worth my while, say anywhere north of $10K. How ’bout it? Are you willing to walk your talk? I am.
