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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: UncleBigs who wrote (49992)1/17/2006 2:28:48 PM
From: John Vosilla  Read Replies (3) of 110194
 
Bubble pop's when they stop giving 1% pay rate mortgages to anyone with a pulse in Orange County.. Imagine anyone in the entry market buying a starter home there with 20% down and afford monthly PITI at 6.25% fixed for 30 years. PITI would be north of $4500/month after you put your $125k down.
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