Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (364820)	1/22/2008 6:19:43 PM
From: TimF	Read Replies (1) of 1577188

So people who lied about their income on their applications and now can't pay back their debts should be let of the hook because of the chance that they just might turn to crime if they struggle with their mortgage payment? A new report estimates that 44.5 million U.S. households will see property values decline a combined $223 billion because of the wave of foreclosures. The prices where inflated partially because people got loans for to much. This decline is a correction to those inflated prices. Maybe it overshoots on the way down, just like it overshot on the way up, but we don't want to try to preserver the old over inflated prices.

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