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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (183159)	3/7/2006 5:10:17 PM
From: Ish	Read Replies (1) \| Respond to of 281500

<<We're already seeing an increase in foreclosures, likely from "interest-only" borrowers who are facing bankruptcy because their dreams of flipping their house are not going to be realized anytime soon.>> That happens with the interest only homes and new home owners with little equity. Happened back when Carter was president and I was was getting 20% on a 100k CD.

To: Hawkmoon who wrote (183159)	3/7/2006 5:10:17 PM
From: Dennis O'Bell	Read Replies (2) \| Respond to of 281500

I'm renting here in the Bay Area (Palo Alto) and knew the area from many business trips so was able to find a somewhat affordable place, but wouldn't touch real estate out here with a 10 foot pole. You'd have to be insane. To be honest, the good weather isn't everything, and I've leave this area and go back to the Boston area if something interesting came up job wise. But my vast preference is to return to France somehow. If I had any idea how things were going to turn out, I'd have never returned to the US. I only did that because the company I was working for on foreign relo was bought out and everyone then got laid off.