Housing Meltdown
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Self certification mortgages with no checks equal liar loans
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a 30 year $5244/month loan for $750k? WTF. You would need an annual after tax income of 63k. Plus you have all the other living expenses. No one in their freaking mind would lock themselves for 30yrs in which time they could be laid off etc. Unless you're wealthy, $750k loans need to be banned. U might as well be a predator lender or loan shark.
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No, the bail out bill gives the authority to reduce principle. what that means is some very wealthy people will get their mortgages reduced and you will pay for it. Or should I say your children and grandchildren will.
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never trust news saying "Price reduce" the price is only reduce is what you not pay for. you pay higher than bankruptcy.
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Buy now or you'll be priced out. Real estate NEVER goes down, only up!
These people ought to be punished for what they've done....
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(snif) (snif) Poor rich people in San Fransissy, Gonna loose a little bit of money this year. I guess they will have to forego the bath houses for a couple weekends.
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you people should figure out where all your gold went to and who exactly took it and get it back.
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buyers market..........yeah right
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A buyer's market?! Come on, it cost half a mil for a one bedroom apartment in San Fran.
I think people in this country have lost their minds.
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i'm not spending a fuck'n penny!
cycosteve2006 3 years ago 3
Um, probably not the best idea at this point. I need a new car, but I am waiting because I do not want the debt.
The debt is what enslaves all of us. Look what is happening to people right now.
kirkifer 4 years ago 2