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

To: loantech who wrote (87465)10/9/2007 2:12:15 PM
From: Roads End  Read Replies (1) | Respond to of 110194
 
The ones that bought are trapped big time. ARM adjustments and expiration of tax abatements is an old time favorite recipe for a batch of foreclosure stew. ho ho ho



To: loantech who wrote (87465)10/9/2007 5:20:26 PM
From: John Vosilla  Read Replies (2) | Respond to of 110194
 
Seems like you have a ton of new $700k high end condos in just about every city and resort area sitting 70%+ empty...somethings gotta give with those enormous holding costs..you can't even rent them cause it immediately lowers the value even more by now being branded 'used' + the rent would only cover a fraction of the total monthly outlay anyway..debtor prison for all the suckers who participated in that ponzi scheme..


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