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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: lifeisgood who wrote (79161)	1/25/2008 5:04:09 PM
From: robert b furman	Read Replies (1) \| Respond to of 94695

Hi Lig, I can't agree with that. Sub prime auto loan are strictly held to a certain % advance of the book value of the car. Certain down payments are required for those with bad credit and fees are prepaid for those with really bad credit. The average repo costs 4500-5500 and the fees charged up front are accumulated and used immediatel upon default. Real astate loans were made with no income qualifications and no down. It was a much looser loan thusly the bigger problems. Add to that disposal liquidity oin a car vs pent up existing house inventory. Cars are not the problem realestate is, in dollars or frequencies. Bob