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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (79985)4/22/2000 8:03:00 PM
From: SeaViewer  Respond to of 132070
 
Many people had to sell after they bought in real estate in early '90s. They were not rich enough to survive.



To: Skeeter Bug who wrote (79985)4/22/2000 8:13:00 PM
From: Les H  Read Replies (1) | Respond to of 132070
 
Many folks were called in by the bank or S&L. Unless they were Trump, in which case, the banks were in too deep.



To: Skeeter Bug who wrote (79985)4/23/2000 10:20:00 AM
From: Tommaso  Read Replies (1) | Respond to of 132070
 
That's the truth. I knew a fellow who bought a modest house at a huge price on a 90% mortgage at the height of the Boston area real estate boom. He said, "I think of it as an investment." Before long his "investment" could not be sold for 80% of what he paid, and he was stuck with the mortgage payments.


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