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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (26103)	12/6/2007 6:13:59 PM
From: Snowshoe	Respond to of 220335

>>Boston Fed concludes foreclosures are caused mainly by falling home prices, not subprime woes.<< C2, That will become more apparent as time goes by. Strangely, the US is still building more houses! We need to shift away from new construction toward soaking up the excess housing inventory. -Snow

To: carranza2 who wrote (26103)	12/7/2007 5:09:19 AM
From: TobagoJack	Read Replies (2) \| Respond to of 220335

"more, more" fiat money inflation works like that skf ... may go down with gold, may buy together watch n see

To: carranza2 who wrote (26103)	12/7/2007 9:09:13 AM
From: 8bits	Respond to of 220335

Boston Fed concludes foreclosures are caused mainly by falling home prices, not subprime woes. Draw your own conclusions. Now that's funny... with every mortgage I've taken out the documents I signed informed me that if I didn't pay that I would be subject to foreclosure.... I don't recall a clause that said "if your house doesn't go up 10% a year or more or god forbid goes down in price..it's okay to walk away from your debt obligation..." Granted my Fico score is around 800, perhaps people with FICO scores of less than 600 and with no money down loans had docs that said "Party on bro...."