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

To: Madharry who wrote (87845)10/21/2007 4:24:27 PM
From: GST  Respond to of 110194
 
My guess is the opposite -- most home owners will live in denial as they max out their credit cards and other revolving credit -- the house would be the last thing to go. At that point there is no way to pass a credit check for a standard rental. They don't need to declare bankruptcy -- they just need to live it and have it show on their credit report in past due revolving credit.


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