2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Maurice Winn who wrote (79438)	9/11/2011 8:11:41 AM
From: Ilaine	Read Replies (1) of 217774

>>absurdly high prices for houses using borrowed money that they should have been able to see they couldn't repay. Yes, but the biggest problem is actually toxic mortgages, interest only, exploding ARMS, negative amortization. If you buy a house you cannot afford but they let you pay for it using an interest only loan -- that's bad craziness. If the loan is negative amortization, as well, so that you owe more principal every month that you pay interest only -- that's insane craziness. If the interest rate isn't fixed and resets -- that's beyond insane, it's toxic. My clients look me in the eye and ask me, "why would I have done that?" Good question.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next