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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.38+2.7%Nov 10 4:00 PM EST
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To: KyrosL who wrote (26755)12/23/2007 10:37:05 AM
From: Ilaine  Read Replies (1) of 217671
 
"No money down" was an "innovation" supposed to put poor people into homes of their own. I think it was poorly thought out. "No money down" could work if the house was cheap enough. The loan-to-income ratio really needs to be less than 1/3 for people to have money to live on, especially people who are always one pay check away from disaster.

So that needs reforming, and if only we could do away with casinos and check-cashing stores! Poor fools and their money just keep making the same mistakes over and over again. I wish . . . .
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