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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (27205)4/10/2005 8:47:48 AM
From: Crimson Ghost  Read Replies (11) | Respond to of 116555
 
A new type of stagflation?

weedenco.com



To: mishedlo who wrote (27205)4/11/2005 3:10:36 PM
From: patron_anejo_por_favor  Respond to of 116555
 
Classic bubble-top stuff.<NG>

Turn out that the loan in question is a HELOC for a home that closed a month ago. They are applying for a 125% HELOC. They had financed 100% of the home at purchase. Turns out the home buyer needs about 100k to decorate the home (on top of the 800k they paid for the house). They are also looking to buy a new car