2010 Real Estate Market Investment Collapse - Sub / Prime Mortgage / Alt-A / Option ARM / Commerical
Uploader Comments (ready4revolutionUS)
All Comments (28)
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A house is to live in, not for profit. This is the Buddhist way of life. We can learn to have inner peace once we understand that a house is a shelter that keeps us warm, not of a monetary note to be selling back and forth.
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The lenders, after making the loans, turns around and knowing the loan is going to be defaulted because the rates will reset, sells it to another business who is now holding the bag. This is the lenders fault. The lenders need to be held responsible.
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I don,t know if anyone remember but back after World War 2; I have often heard from my dad that to get a house loan...the prospective buyer had to meet with the loan committee >> got to know the buyer >> personally checked on there employment and lifestyle. Evereything squeaky clean; Mortagage granted. Oh; the bank / instittuion granting the loan WAS THE only place you deal with for the life of the loan. These days I know are long gone; wish it was back Mess wouldn,t be so bad.
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@theroilsoil Right On Target !!
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The RENT is TOO DAMN HIGH!
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I just had to leave a comment, NICE. Keep the vids coming!
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i'm surprised this is being talked about on 60 minutes.
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In 5 years, there won't be economy left, let alone worrying about once over-priced shacks which aren't worth even a hill of beans.
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It all goes into the dumpster and won't be worth anything - no jobs, no ability to qualify for a mortgage => more houses on the market . . . etc. . . . let it collapse as it should have long, long ago.
Pretty scary stuff!
Donuvan 1 year ago
@Donuvan Brace yourself. The second ripple is coming, this should be headline news... retirements, 401k's and mutual funds are going to get crushed.
ready4revolutionUS 1 year ago