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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (46448)12/2/2005 2:52:14 PM
From: Ramsey Su  Read Replies (1) | Respond to of 110194
 
John,

ironically, that young couple may turn out OK.

As soon as they realize they are in a deep hole, then they can count on living rent free for at least 6 months, 1 yr or longer if they know how to play the game. Since they put nothing down, their only loss is the number of payments times the amount of their payment that is above what they would have otherwise paid in rent for the same unit.

Ramsey