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pnilesh
ParticipantAfter reading the UT article, I see how people live paycheck to paycheck. I guarantee you that the couple is living paycheck to paycheck.
Maybe they should move back to buffalo where they could atleast put some money in their retirement savings account instead of giving them to SD county, HOA and ofcourse the profit hungry lender.
I also see now how people do ” amdani athanni kharchaa rupaih” i.e. paycheck is 50 cents but spend 1 dollar and wait for the next paycheck ..
no wonder why subprime is a big business in America!
ParticipantAfter reading the UT article, I see how people live paycheck to paycheck. I guarantee you that the couple is living paycheck to paycheck.
Maybe they should move back to buffalo where they could atleast put some money in their retirement savings account instead of giving them to SD county, HOA and ofcourse the profit hungry lender.
I also see now how people do ” amdani athanni kharchaa rupaih” i.e. paycheck is 50 cents but spend 1 dollar and wait for the next paycheck ..
no wonder why subprime is a big business in America!
ParticipantAfter reading the UT article, I see how people live paycheck to paycheck. I guarantee you that the couple is living paycheck to paycheck.
Maybe they should move back to buffalo where they could atleast put some money in their retirement savings account instead of giving them to SD county, HOA and ofcourse the profit hungry lender.
I also see now how people do ” amdani athanni kharchaa rupaih” i.e. paycheck is 50 cents but spend 1 dollar and wait for the next paycheck ..
no wonder why subprime is a big business in America!
ParticipantAfter reading the UT article, I see how people live paycheck to paycheck. I guarantee you that the couple is living paycheck to paycheck.
Maybe they should move back to buffalo where they could atleast put some money in their retirement savings account instead of giving them to SD county, HOA and ofcourse the profit hungry lender.
I also see now how people do ” amdani athanni kharchaa rupaih” i.e. paycheck is 50 cents but spend 1 dollar and wait for the next paycheck ..
no wonder why subprime is a big business in America!
December 2, 2007 at 7:00 PM in reply to: Housing market will decline no matter what happens with interest rates. #107580ParticipantIs Thornberg in denial? Probably he purchased his mansion using a subprime loan.
December 2, 2007 at 7:00 PM in reply to: Housing market will decline no matter what happens with interest rates. #107676ParticipantIs Thornberg in denial? Probably he purchased his mansion using a subprime loan.
December 2, 2007 at 7:00 PM in reply to: Housing market will decline no matter what happens with interest rates. #107712ParticipantIs Thornberg in denial? Probably he purchased his mansion using a subprime loan.
December 2, 2007 at 7:00 PM in reply to: Housing market will decline no matter what happens with interest rates. #107724ParticipantIs Thornberg in denial? Probably he purchased his mansion using a subprime loan.
December 2, 2007 at 7:00 PM in reply to: Housing market will decline no matter what happens with interest rates. #107737ParticipantIs Thornberg in denial? Probably he purchased his mansion using a subprime loan.
December 1, 2007 at 9:25 PM in reply to: CNN — Rate freeze plan for ARMs gains traction. How will this affect the market if this goes thru? #106975ParticipantOne thing I think of is this: Keeping the subprime FBs in their home is an emotional and political issue. However, looking strictly from financial side, the govt prefers an orderly decline of realestate prices.
By doing this the banks don’t suffer immediate losses and the losses suffered over a period of time are mitigated by other types of investments.
They also want to delay or avoid recession. A sudden loss in the financial sector will trigger a recession as 2/3rd of US econony runs on consumer spending.
The govt doesn’t has any vested interested in teh subprime people. Howver, to avoid recession.. the govt needs to keep these people in their homes…
What do you all think? Either way subprime ppl are screwed anyway..
December 1, 2007 at 9:25 PM in reply to: CNN — Rate freeze plan for ARMs gains traction. How will this affect the market if this goes thru? #107071ParticipantOne thing I think of is this: Keeping the subprime FBs in their home is an emotional and political issue. However, looking strictly from financial side, the govt prefers an orderly decline of realestate prices.
By doing this the banks don’t suffer immediate losses and the losses suffered over a period of time are mitigated by other types of investments.
They also want to delay or avoid recession. A sudden loss in the financial sector will trigger a recession as 2/3rd of US econony runs on consumer spending.
The govt doesn’t has any vested interested in teh subprime people. Howver, to avoid recession.. the govt needs to keep these people in their homes…
What do you all think? Either way subprime ppl are screwed anyway..
December 1, 2007 at 9:25 PM in reply to: CNN — Rate freeze plan for ARMs gains traction. How will this affect the market if this goes thru? #107104ParticipantOne thing I think of is this: Keeping the subprime FBs in their home is an emotional and political issue. However, looking strictly from financial side, the govt prefers an orderly decline of realestate prices.
By doing this the banks don’t suffer immediate losses and the losses suffered over a period of time are mitigated by other types of investments.
They also want to delay or avoid recession. A sudden loss in the financial sector will trigger a recession as 2/3rd of US econony runs on consumer spending.
The govt doesn’t has any vested interested in teh subprime people. Howver, to avoid recession.. the govt needs to keep these people in their homes…
What do you all think? Either way subprime ppl are screwed anyway..
December 1, 2007 at 9:25 PM in reply to: CNN — Rate freeze plan for ARMs gains traction. How will this affect the market if this goes thru? #107111ParticipantOne thing I think of is this: Keeping the subprime FBs in their home is an emotional and political issue. However, looking strictly from financial side, the govt prefers an orderly decline of realestate prices.
By doing this the banks don’t suffer immediate losses and the losses suffered over a period of time are mitigated by other types of investments.
They also want to delay or avoid recession. A sudden loss in the financial sector will trigger a recession as 2/3rd of US econony runs on consumer spending.
The govt doesn’t has any vested interested in teh subprime people. Howver, to avoid recession.. the govt needs to keep these people in their homes…
What do you all think? Either way subprime ppl are screwed anyway..
December 1, 2007 at 9:25 PM in reply to: CNN — Rate freeze plan for ARMs gains traction. How will this affect the market if this goes thru? #107133ParticipantOne thing I think of is this: Keeping the subprime FBs in their home is an emotional and political issue. However, looking strictly from financial side, the govt prefers an orderly decline of realestate prices.
By doing this the banks don’t suffer immediate losses and the losses suffered over a period of time are mitigated by other types of investments.
They also want to delay or avoid recession. A sudden loss in the financial sector will trigger a recession as 2/3rd of US econony runs on consumer spending.
The govt doesn’t has any vested interested in teh subprime people. Howver, to avoid recession.. the govt needs to keep these people in their homes…
What do you all think? Either way subprime ppl are screwed anyway..
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