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To: Silver_Bullet who wrote (152)2/24/2004 1:06:10 PM
From: Skywatcher  Read Replies (1) | Respond to of 1338
 
His advice is BOGUS...only a fool wouldn't LOCK IN THESE RATES
he hasn't had a mortgage for a LONG time.....
and now with the standard deduction per couple up to $9500
MANY WILL SEE NO BENEFIT TO THE MORTGAGE DEDUCTION....in fact for many now it's better to PAY off the mortgage and invest your money

CC



To: Silver_Bullet who wrote (152)2/24/2004 2:20:44 PM
From: Threshold  Read Replies (1) | Respond to of 1338
 
Are the bankers getting positioned for a tidal wave of bankruptcies? Fastest way to subjugate the masses according to an old Bank of England governor.



To: Silver_Bullet who wrote (152)2/24/2004 2:45:01 PM
From: Bucky Katt  Read Replies (3) | Respond to of 1338
 
I agree, trouble, big trouble is a-brewing, and he knows it. The whole system could be at risk.

What is happening is that people that are under-employed or un-employed all together are using the equity in their home as a bridge loan, holding off the dreaded bankruptcy.
If/when the value of the home decreases below the loan amount, the jig will be up.


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