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lindismith
Participantgreat post Cyphire.
I get more and more disgusted everyday.
Barry’s blog has a link to all the CDO insider stuff that went on. Completely appalling. It’s graft.
http://bigpicture.typepad.com/comments/2007/08/cdo-insiders-we.html
Participantone thing I don’t understand about Piggington’s why is it everyone loves bad news?
I think all the newbies on this board really need to go into the forums, and start reading our discussions from the beginning.
You will see how every single thread of “what ifs” is now coming true. So it’s not that we love the bad news, it’s that we love being right. It’s the ultimate ‘I told you so’ moment.
We’ve all been discussing this subject for ages, and two years ago seems like an eternity just to get to this point in the market.
The frightening thing is though, everything that was discussed is now coming true, although most of it is unfolding more dramatically and with more volatility than I expected.
Participantone thing I don’t understand about Piggington’s why is it everyone loves bad news?
I think all the newbies on this board really need to go into the forums, and start reading our discussions from the beginning.
You will see how every single thread of “what ifs” is now coming true. So it’s not that we love the bad news, it’s that we love being right. It’s the ultimate ‘I told you so’ moment.
We’ve all been discussing this subject for ages, and two years ago seems like an eternity just to get to this point in the market.
The frightening thing is though, everything that was discussed is now coming true, although most of it is unfolding more dramatically and with more volatility than I expected.
Participantone thing I don’t understand about Piggington’s why is it everyone loves bad news?
I think all the newbies on this board really need to go into the forums, and start reading our discussions from the beginning.
You will see how every single thread of “what ifs” is now coming true. So it’s not that we love the bad news, it’s that we love being right. It’s the ultimate ‘I told you so’ moment.
We’ve all been discussing this subject for ages, and two years ago seems like an eternity just to get to this point in the market.
The frightening thing is though, everything that was discussed is now coming true, although most of it is unfolding more dramatically and with more volatility than I expected.
ParticipantI will ask my bro-in-law (bankruptcy attorney) whose business is BOOMING right now, where all these people are going.
Stay tuned….
I personally heard one anecdote from my office manager: her friend is getting foreclosed on, and is just moving back to his Mom’s.
ParticipantI will ask my bro-in-law (bankruptcy attorney) whose business is BOOMING right now, where all these people are going.
Stay tuned….
I personally heard one anecdote from my office manager: her friend is getting foreclosed on, and is just moving back to his Mom’s.
ParticipantI will ask my bro-in-law (bankruptcy attorney) whose business is BOOMING right now, where all these people are going.
Stay tuned….
I personally heard one anecdote from my office manager: her friend is getting foreclosed on, and is just moving back to his Mom’s.
August 22, 2007 at 10:55 AM in reply to: Hiring “loss mitigation” specialists … from Padilla’s blog #79091ParticipantSounds exactly like the dotcom aftermath. College grads who had previously commanded 60K for a little HTML experience suddenly found themselves on the 30K scale.
I don’t feel sorry for these people. They were all riding the gravy train as long as they could. They’re not stupid. They’ll find other options.
August 22, 2007 at 10:55 AM in reply to: Hiring “loss mitigation” specialists … from Padilla’s blog #79218ParticipantSounds exactly like the dotcom aftermath. College grads who had previously commanded 60K for a little HTML experience suddenly found themselves on the 30K scale.
I don’t feel sorry for these people. They were all riding the gravy train as long as they could. They’re not stupid. They’ll find other options.
August 22, 2007 at 10:55 AM in reply to: Hiring “loss mitigation” specialists … from Padilla’s blog #79240ParticipantSounds exactly like the dotcom aftermath. College grads who had previously commanded 60K for a little HTML experience suddenly found themselves on the 30K scale.
I don’t feel sorry for these people. They were all riding the gravy train as long as they could. They’re not stupid. They’ll find other options.
ParticipantThat’s good stuff, Kelly.
I missed the drop-down menu the first time I checked out your article. Is there a way to highlight it more?
I think it would be beneficial to see the zips in relation to each other.
Plus, it would be good to see the name of the town next to the zip. I’m interested in a few areas, but I can’t always remember the zip.
Chula Vista and Oceanside are the outlying areas, which Bugs has always pointed out, get hit first. Then it’s just a matter of time before everyone starts feeling it.
ParticipantThat’s good stuff, Kelly.
I missed the drop-down menu the first time I checked out your article. Is there a way to highlight it more?
I think it would be beneficial to see the zips in relation to each other.
Plus, it would be good to see the name of the town next to the zip. I’m interested in a few areas, but I can’t always remember the zip.
Chula Vista and Oceanside are the outlying areas, which Bugs has always pointed out, get hit first. Then it’s just a matter of time before everyone starts feeling it.
ParticipantThat’s good stuff, Kelly.
I missed the drop-down menu the first time I checked out your article. Is there a way to highlight it more?
I think it would be beneficial to see the zips in relation to each other.
Plus, it would be good to see the name of the town next to the zip. I’m interested in a few areas, but I can’t always remember the zip.
Chula Vista and Oceanside are the outlying areas, which Bugs has always pointed out, get hit first. Then it’s just a matter of time before everyone starts feeling it.
Participantpiggington readership is growing…
Not only will your friend have this on his credit for 7 years, but he’ll be hit with the taxes too:
http://calculatedrisk.blogspot.com/2007/08/after-foreclosure-big-tax-bill.html
There is no easy out from a big commitment such as a home purchase.
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