- This topic has 4 replies, 4 voices, and was last updated 17 years, 9 months ago by .
Viewing 5 posts - 1 through 5 (of 5 total)
Viewing 5 posts - 1 through 5 (of 5 total)
- You must be logged in to reply to this topic.
“Consumers who once relied on home equity loans are keeping a tighter hold on their wallets.”
————————————–
A better metaphor would have been, “Consumers who once relied on home equity loans are throwing away their fountain pens used to sign the exotic financing docs.”
🙂
Thanks for linking to my story.
Actually, I’ve started a page keeping track of the (subprime) mortgage lenders that go bankrupt (or otherwise shut down abnormally). I plan to keep this pretty updated — please send information!
I love that the realtor is anonymous. A measure of protection against a backlash from good ol’ Mr. Lerah?
Finally some truth on the situation though. I’m tired of hearing about this so called “soft landing,” and that rates will probably go back down. The FED would be obtuse to slash rates again, because Americans need to start saving money, not spending it on houses they can’t afford again.
Just like there was no bubble, now there IS a soft landing, and an end to the decline. These people have dug themselves holes, and they are still falling to the bottom of them. It feels soft because they haven’t hit it yet.
Nice work, akrowne.