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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (31766)	5/22/2005 11:54:54 PM
From: 10K a day	Respond to of 306849

it really is a joke. ha ha....

To: SouthFloridaGuy who wrote (31766)	5/23/2005 12:15:43 AM
From: bentway	Respond to of 306849

"We can thank our local Congress for exacerbating the problem and effectively sending the debtors to debtors prison. " Nonsense! They don't want them in prison. They want to garnish their wages and turn them into slaves, to pay off the difference in their loan amounts from what the lenders manage to get for their houses. Even at that, they'll just be paying maybe 25% of the true liability. Maybe the Japanese will step in and take advantage to unload their huge dollar holdings, and buy up all the bad mortgages.