SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: J. P. who wrote (73069)3/5/2007 12:15:37 PM
From: Think4Yourself of 306849
 
One in five mortgages last year was classified as subprime, so it is definitely not just the poor and first time buyers who take them out.

What I am wondering is, now that the subprime spigot is shutting off, who is going to buy all the foreclosed properties where it really was the poor buying? The bank's won't be able to unload these properties for any amount if the areas are "undesirable" to the local buyers that aren't subprime.

suspect we are going to see a resurgence in crime and crack houses soon, at the bank's expense.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News