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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: posthumousone who wrote (82206)3/18/2001 9:32:41 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
<<Dont they just file bankruptcy and get to keep it all?>>

DOHH! New bankruptcy law just passed by the Senate cuts the homestead exemption (I believe) to 100K. That won't buy much when yer living in a 3bd 2ba 1500 sf beauty in Palo Alto you paid 900K for 15 months ago! And just in time for the housing bubble to go "bust"<G>

Personally, I'd wait 6 months or so and see what's up then. The impact of the recent refi boom should be wrung out by then, and I think you'll get "more for your money". But what do I know?

Oh, "EV" means "economic violence" (as opposed to the physical kind, I suppose).
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