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

To: Tradelite who wrote (86075)8/19/2007 8:30:59 AM
From: 10K a dayRead Replies (1) | Respond to of 306849
 
> My personal question is: how did so many people pass up the opportunity to take advantage of such low interest rates that were available on fixed-rate loans?<<

My personal question is: how did so many people manage to get 200-300K upside down [on their house]??

And i don't think 'forgiveness' is coming to them. [And] I don't think the IRS will forgive anything either. BWDIK.



To: Tradelite who wrote (86075)8/19/2007 10:36:53 AM
From: Jim McMannisRespond to of 306849
 
RE:"about our risky interest-only mortgage, about seeing them walk away with a $120,000 profit, about buying a house just as "bubble" was entering the regional lexicon."

The sellers walked away with $120k. Likely TAX FREE. The buyers got the shaft. Only in America.



To: Tradelite who wrote (86075)8/19/2007 12:37:09 PM
From: starhawkeRespond to of 306849
 
Greed.


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