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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (27583)	3/2/2005 8:29:27 AM
From: loantech	Read Replies (4) of 110194

Russ you too can get a 2nd home in the Pearl. <gggggg> Or maybe in Zig Zag a little mountain home on the river. I put a loan together for a couple in Vegas yesterday. They have three properties now and are buying a fourth. The couple makes about 5K a month. They have a first and second on each of their properties and on one a third mortgage. Still decent equity but I see it all going away if prices drop 20-30 %. I would not want to owe around 750,000 with that small of income even counting rent. tom

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