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A lot of these places were purchased by investors w/the sole intent to flip and make $$. How can they flip if the value is reduced everywhere. Who will buy? The credit lending will still be tight and now w/rules of 20% down and proving you can make the payments to qualify, there won’t be the flood to buy overpriced, unaffordable places as before.

Writing down the loan and fixing rates will help some of those who planned on being there for 10 years or so who didn’t get in over their heads on payments who aren’t owning multiple properties.

But how many of those are out there? Those people it will help. All the others gambling are still stuck, IMO – and may still end up being walkers.

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Sadly, that’s a good point. If someone is struggling, but honorably and diligently making payments on time, they get no help? No loan written down? WTH. What incentive, then to pay?

[jpinpb]

Sadly, that’s a good point. If someone is struggling, but honorably and diligently making payments on time, they get no help? No loan written down? WTH. What incentive, then to pay?

[jpinpb]

Sadly, that’s a good point. If someone is struggling, but honorably and diligently making payments on time, they get no help? No loan written down? WTH. What incentive, then to pay?

[jpinpb]

Sadly, that’s a good point. If someone is struggling, but honorably and diligently making payments on time, they get no help? No loan written down? WTH. What incentive, then to pay?

[jpinpb]

Sadly, that’s a good point. If someone is struggling, but honorably and diligently making payments on time, they get no help? No loan written down? WTH. What incentive, then to pay?

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My heart is bleeding for them. Someone needs to go over there and play a violin.

I want a follow up story later when they trade in the Suburban for a Pinto.

hipmatt – I agree. I am more amazed that it lasted this long. It’s like everyone was drunk and turning a blind eye to this. I am no econ major and when they tried to give me one of those loans, I knew I wouldn’t be able to afford it, especially when/if the loan reset higher. Yet everyone else jumped on the crazy train. And now they’re amazed.

FLU – exactly. Like the gov. needs to bail these people out. I will march in Washington. BS!!!

On the reverse of the CV daughter kissing thing, the very first time I saw Ocean Pacific Ken Cornell, I swore he was having breakfast w/his mom, til they kissed and I almost went blind.

[jpinpb]

My heart is bleeding for them. Someone needs to go over there and play a violin.

I want a follow up story later when they trade in the Suburban for a Pinto.

hipmatt – I agree. I am more amazed that it lasted this long. It’s like everyone was drunk and turning a blind eye to this. I am no econ major and when they tried to give me one of those loans, I knew I wouldn’t be able to afford it, especially when/if the loan reset higher. Yet everyone else jumped on the crazy train. And now they’re amazed.

FLU – exactly. Like the gov. needs to bail these people out. I will march in Washington. BS!!!

On the reverse of the CV daughter kissing thing, the very first time I saw Ocean Pacific Ken Cornell, I swore he was having breakfast w/his mom, til they kissed and I almost went blind.

[jpinpb]

My heart is bleeding for them. Someone needs to go over there and play a violin.

I want a follow up story later when they trade in the Suburban for a Pinto.

hipmatt – I agree. I am more amazed that it lasted this long. It’s like everyone was drunk and turning a blind eye to this. I am no econ major and when they tried to give me one of those loans, I knew I wouldn’t be able to afford it, especially when/if the loan reset higher. Yet everyone else jumped on the crazy train. And now they’re amazed.

FLU – exactly. Like the gov. needs to bail these people out. I will march in Washington. BS!!!

On the reverse of the CV daughter kissing thing, the very first time I saw Ocean Pacific Ken Cornell, I swore he was having breakfast w/his mom, til they kissed and I almost went blind.

[jpinpb]

My heart is bleeding for them. Someone needs to go over there and play a violin.

I want a follow up story later when they trade in the Suburban for a Pinto.

hipmatt – I agree. I am more amazed that it lasted this long. It’s like everyone was drunk and turning a blind eye to this. I am no econ major and when they tried to give me one of those loans, I knew I wouldn’t be able to afford it, especially when/if the loan reset higher. Yet everyone else jumped on the crazy train. And now they’re amazed.

FLU – exactly. Like the gov. needs to bail these people out. I will march in Washington. BS!!!

On the reverse of the CV daughter kissing thing, the very first time I saw Ocean Pacific Ken Cornell, I swore he was having breakfast w/his mom, til they kissed and I almost went blind.

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