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Strategies & Market Trends : Value Investing

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To: Kenneth Kirk who wrote (27590)	8/3/2007 6:39:34 PM
From: Dale Baker	Read Replies (1) of 78819

people very rarely walk away from mortgages unless they absolutely have to. They do if they have an adjustable rate 100% mortgage that is due to go up dramatically this year and next and they can't pay because their stated income and assets were a lie. Millions of mortgages like that were made nationwide. The ultimate fallout from them remains to be seen. It will be more than "a bit" and less than the end of the world. The side question is how much economic growth and employment were driven by the real estate boom.

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