The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: russwinter who wrote (29321)	3/24/2005 3:06:04 PM
From: Ramsey Su	Read Replies (1) of 110194

If they do not require any payments, it is kind of difficult for borrowers to default. <ggggg> I understand that there are a number of borrowers who take advantage of the teasers offered by credit card companies. They transfer outstanding balances from card to card with no payment nor interest for 1 year. So are those programs going to stop now? on an unrelated subject, just talked to a friend who is in the process of tearing down his old house and rebuilding new, in a pretty nice area of San Diego. He was surprised when the bid came in at $640,000 for a 2,200 SF house, almost $300 a foot. No shortage of work here for contractors.

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