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January 1, 2008 at 4:06 AM in reply to: If you think the “Mother of all recessions” isn’t coming #127127January 1, 2008 at 4:06 AM in reply to: If you think the “Mother of all recessions” isn’t coming #127288
Ex-SD
ParticipantFrom the sub-prime to the ridiculous: how $100bn vanished:
http://www.guardian.co.uk/business/2007/dec/31/subprimecrisis.creditcrunch
January 1, 2008 at 4:06 AM in reply to: If you think the “Mother of all recessions” isn’t coming #127298Ex-SD
ParticipantFrom the sub-prime to the ridiculous: how $100bn vanished:
http://www.guardian.co.uk/business/2007/dec/31/subprimecrisis.creditcrunch
January 1, 2008 at 4:06 AM in reply to: If you think the “Mother of all recessions” isn’t coming #127365Ex-SD
ParticipantFrom the sub-prime to the ridiculous: how $100bn vanished:
http://www.guardian.co.uk/business/2007/dec/31/subprimecrisis.creditcrunch
January 1, 2008 at 4:06 AM in reply to: If you think the “Mother of all recessions” isn’t coming #127389Ex-SD
ParticipantFrom the sub-prime to the ridiculous: how $100bn vanished:
http://www.guardian.co.uk/business/2007/dec/31/subprimecrisis.creditcrunch
Ex-SD
ParticipantThere are so many people who want or need to sell their homes who are still in denial that it will probably take until the end of next summer for despair and/or panic to set in for most of them. My prediction is that most will probably keep their prices too high until around the end of September before reality finally starts to settle in. Of course, NAR & CAR will still be making their inane predictions which will keep hope alive among the truly stupid and naive.
Ex-SD
ParticipantThere are so many people who want or need to sell their homes who are still in denial that it will probably take until the end of next summer for despair and/or panic to set in for most of them. My prediction is that most will probably keep their prices too high until around the end of September before reality finally starts to settle in. Of course, NAR & CAR will still be making their inane predictions which will keep hope alive among the truly stupid and naive.
Ex-SD
ParticipantThere are so many people who want or need to sell their homes who are still in denial that it will probably take until the end of next summer for despair and/or panic to set in for most of them. My prediction is that most will probably keep their prices too high until around the end of September before reality finally starts to settle in. Of course, NAR & CAR will still be making their inane predictions which will keep hope alive among the truly stupid and naive.
Ex-SD
ParticipantThere are so many people who want or need to sell their homes who are still in denial that it will probably take until the end of next summer for despair and/or panic to set in for most of them. My prediction is that most will probably keep their prices too high until around the end of September before reality finally starts to settle in. Of course, NAR & CAR will still be making their inane predictions which will keep hope alive among the truly stupid and naive.
Ex-SD
ParticipantThere are so many people who want or need to sell their homes who are still in denial that it will probably take until the end of next summer for despair and/or panic to set in for most of them. My prediction is that most will probably keep their prices too high until around the end of September before reality finally starts to settle in. Of course, NAR & CAR will still be making their inane predictions which will keep hope alive among the truly stupid and naive.
Ex-SD
Participant“Don’t kid yourselves; the abuses of the few will affect the many”
Yep……Bugs, you are absolutely correct!
Personally, I think a guy who already has an $800k mortgage and is having troubles is going to have to jump through some pretty high hoops to qualify for another $500k mortgage at this time. The other house is already on his credit report and he’s going to have to tell some pretty big lies to explain why he needs another house in the same neighborhood while real estate values are falling like a rock. If he pulls this off and then lets the $800k mortgage foreclose, the long arm of the law may find out about it and then he’s toast. I’m so sick of these damned, white-collar crooks who make things worse for the people who try to live within the boundaries of the law. I hope the SOB gets clobbered!
Ex-SD
Participant“Don’t kid yourselves; the abuses of the few will affect the many”
Yep……Bugs, you are absolutely correct!
Personally, I think a guy who already has an $800k mortgage and is having troubles is going to have to jump through some pretty high hoops to qualify for another $500k mortgage at this time. The other house is already on his credit report and he’s going to have to tell some pretty big lies to explain why he needs another house in the same neighborhood while real estate values are falling like a rock. If he pulls this off and then lets the $800k mortgage foreclose, the long arm of the law may find out about it and then he’s toast. I’m so sick of these damned, white-collar crooks who make things worse for the people who try to live within the boundaries of the law. I hope the SOB gets clobbered!
Ex-SD
Participant“Don’t kid yourselves; the abuses of the few will affect the many”
Yep……Bugs, you are absolutely correct!
Personally, I think a guy who already has an $800k mortgage and is having troubles is going to have to jump through some pretty high hoops to qualify for another $500k mortgage at this time. The other house is already on his credit report and he’s going to have to tell some pretty big lies to explain why he needs another house in the same neighborhood while real estate values are falling like a rock. If he pulls this off and then lets the $800k mortgage foreclose, the long arm of the law may find out about it and then he’s toast. I’m so sick of these damned, white-collar crooks who make things worse for the people who try to live within the boundaries of the law. I hope the SOB gets clobbered!
Ex-SD
Participant“Don’t kid yourselves; the abuses of the few will affect the many”
Yep……Bugs, you are absolutely correct!
Personally, I think a guy who already has an $800k mortgage and is having troubles is going to have to jump through some pretty high hoops to qualify for another $500k mortgage at this time. The other house is already on his credit report and he’s going to have to tell some pretty big lies to explain why he needs another house in the same neighborhood while real estate values are falling like a rock. If he pulls this off and then lets the $800k mortgage foreclose, the long arm of the law may find out about it and then he’s toast. I’m so sick of these damned, white-collar crooks who make things worse for the people who try to live within the boundaries of the law. I hope the SOB gets clobbered!
Ex-SD
Participant“Don’t kid yourselves; the abuses of the few will affect the many”
Yep……Bugs, you are absolutely correct!
Personally, I think a guy who already has an $800k mortgage and is having troubles is going to have to jump through some pretty high hoops to qualify for another $500k mortgage at this time. The other house is already on his credit report and he’s going to have to tell some pretty big lies to explain why he needs another house in the same neighborhood while real estate values are falling like a rock. If he pulls this off and then lets the $800k mortgage foreclose, the long arm of the law may find out about it and then he’s toast. I’m so sick of these damned, white-collar crooks who make things worse for the people who try to live within the boundaries of the law. I hope the SOB gets clobbered!
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