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To: loantech who wrote (14603)6/27/2006 3:54:46 PM
From: E. Charters  Read Replies (1) | Respond to of 78416
 
"Hello marcos,

You work hard."

This is an allusion that is cleverly developed.

Marcos has never worked up a sweat in his entire life. He realized at a very early stage that there was an angle where he could get out of doing what others called useful work and still profit sufficiently, and he has been practicing that ardently from the get go.

You can tell that from his family motto "El trabajo duro es el mejor hecho por los animales de bosquejo."

EC<:-}



To: loantech who wrote (14603)6/28/2006 1:32:42 AM
From: koan  Read Replies (1) | Respond to of 78416
 
Tom, we have mortgage rates pushing 7%! I figure anything below 7 is a gift. 5% was a gift. 6% was a gift. 7% is normal, 8% takes out a lot of people and sure cools speculation and 9%+ makes real estate speculation all but impossible.

We are seeing th effects up here. A lot of people do not know how much difference 2% points makes in being able to qualify to a home. You and I know it is huge!

Good article on mortgage companies.

It seems like everything is on the verge of collapse. What does Bernanke do in this situation? He has no way out that I can see.