It’s not over……..

[cr]

As Rich alluded to in a recent article the higher end areas weren’t necessarily all bought into by the upper class millionaires. Many were middle class families who suddenly attained the American Dream of being rich because their equity doubled, so they went out a bought an even bigger house.

There’s no reason to think any place is immune in this downturn, particularly since we are only now seeing the spillover effects that a year ago BB said were non-existant.

Subprime was such a disaster MSM and all the “experts” thought that was the extend of the problem. “Prime” will probably dwarf sub-prime.

[kewp]

Slimebuckets should be arrested for theft. Great lesson they are teaching their kids – don’t honor your loans.

Um, the terms of the loan are pay your mortgage or return the house to bank (with an associated credit ding).

I personally think its a great lesson.

For the kids of the lenders!

[kewp]

Slimebuckets should be arrested for theft. Great lesson they are teaching their kids – don’t honor your loans.

Um, the terms of the loan are pay your mortgage or return the house to bank (with an associated credit ding).

I personally think its a great lesson.

For the kids of the lenders!

[kewp]

Slimebuckets should be arrested for theft. Great lesson they are teaching their kids – don’t honor your loans.

Um, the terms of the loan are pay your mortgage or return the house to bank (with an associated credit ding).

I personally think its a great lesson.

For the kids of the lenders!

[kewp]

Slimebuckets should be arrested for theft. Great lesson they are teaching their kids – don’t honor your loans.

Um, the terms of the loan are pay your mortgage or return the house to bank (with an associated credit ding).

I personally think its a great lesson.

For the kids of the lenders!

[kewp]

Slimebuckets should be arrested for theft. Great lesson they are teaching their kids – don’t honor your loans.

Um, the terms of the loan are pay your mortgage or return the house to bank (with an associated credit ding).

I personally think its a great lesson.

For the kids of the lenders!

[gn]

My favorite part of the article :

Lenders had no reservations about selling borrowers loans with rising payments that would be poisonous in a rising market. Now it seems borrowers have no reservations about leaving those lenders with the risks they begged to take.

The lenders got exactly what they deserve. And then some 🙂

[gn]

My favorite part of the article :

Lenders had no reservations about selling borrowers loans with rising payments that would be poisonous in a rising market. Now it seems borrowers have no reservations about leaving those lenders with the risks they begged to take.

The lenders got exactly what they deserve. And then some 🙂

[gn]

My favorite part of the article :

Lenders had no reservations about selling borrowers loans with rising payments that would be poisonous in a rising market. Now it seems borrowers have no reservations about leaving those lenders with the risks they begged to take.

The lenders got exactly what they deserve. And then some 🙂

[gn]

My favorite part of the article :

Lenders had no reservations about selling borrowers loans with rising payments that would be poisonous in a rising market. Now it seems borrowers have no reservations about leaving those lenders with the risks they begged to take.

The lenders got exactly what they deserve. And then some 🙂

[gn]

My favorite part of the article :

Lenders had no reservations about selling borrowers loans with rising payments that would be poisonous in a rising market. Now it seems borrowers have no reservations about leaving those lenders with the risks they begged to take.

The lenders got exactly what they deserve. And then some 🙂

[5yearwaiter]

Well it’s not over at least in San Diego- it is yet to start. Still I am looking the prices are up n people who own house are still dreaming they can have that much price in many areas. The fact here is we (US) are in slide know and this slide is also not happening all in one. It first meltdown our financial and banking sector, now it slowly effect on economy. At what phase California take that entire bite and have the slide start until it gets to peoples affordability. Now the term affodability got a broader meaning when everything is in hit price up in the sky(gasoline $4, general grossory almost trippled). Well I don’t want to wish this much down but it is inevitable at this time especially when Fed encouraging a very worthless efforts. Instead doing bailout they should have bring the fall along with slide of prices into a stage where again every one can stay there. Yes it’s not over … true

5yearswaiter

[5yearwaiter]

Well it’s not over at least in San Diego- it is yet to start. Still I am looking the prices are up n people who own house are still dreaming they can have that much price in many areas. The fact here is we (US) are in slide know and this slide is also not happening all in one. It first meltdown our financial and banking sector, now it slowly effect on economy. At what phase California take that entire bite and have the slide start until it gets to peoples affordability. Now the term affodability got a broader meaning when everything is in hit price up in the sky(gasoline $4, general grossory almost trippled). Well I don’t want to wish this much down but it is inevitable at this time especially when Fed encouraging a very worthless efforts. Instead doing bailout they should have bring the fall along with slide of prices into a stage where again every one can stay there. Yes it’s not over … true

5yearswaiter

[5yearwaiter]

Well it’s not over at least in San Diego- it is yet to start. Still I am looking the prices are up n people who own house are still dreaming they can have that much price in many areas. The fact here is we (US) are in slide know and this slide is also not happening all in one. It first meltdown our financial and banking sector, now it slowly effect on economy. At what phase California take that entire bite and have the slide start until it gets to peoples affordability. Now the term affodability got a broader meaning when everything is in hit price up in the sky(gasoline $4, general grossory almost trippled). Well I don’t want to wish this much down but it is inevitable at this time especially when Fed encouraging a very worthless efforts. Instead doing bailout they should have bring the fall along with slide of prices into a stage where again every one can stay there. Yes it’s not over … true

5yearswaiter

[5yearwaiter]

Well it’s not over at least in San Diego- it is yet to start. Still I am looking the prices are up n people who own house are still dreaming they can have that much price in many areas. The fact here is we (US) are in slide know and this slide is also not happening all in one. It first meltdown our financial and banking sector, now it slowly effect on economy. At what phase California take that entire bite and have the slide start until it gets to peoples affordability. Now the term affodability got a broader meaning when everything is in hit price up in the sky(gasoline $4, general grossory almost trippled). Well I don’t want to wish this much down but it is inevitable at this time especially when Fed encouraging a very worthless efforts. Instead doing bailout they should have bring the fall along with slide of prices into a stage where again every one can stay there. Yes it’s not over … true

5yearswaiter

[Author]

Posts