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


To: Les H who wrote (103102)2/2/2008 11:12:26 PM
From: Les HRead Replies (1) | Respond to of 306849
 
Home Prices Start to Dip, Recalling ’90s Slump

nytimes.com

Inflation puts savers on borrowed time

business.scotsman.com



To: Les H who wrote (103102)2/2/2008 11:36:30 PM
From: Les HRead Replies (3) | Respond to of 306849
 
Americans go to Mexico for a cheaper perfect smile

news.yahoo.com



To: Les H who wrote (103102)2/4/2008 10:35:02 AM
From: Les HRespond to of 306849
 
Egg cuts off cardholders who settle their accounts in full each month

thisismoney.co.uk

'Stop spending'

A spokesman for Egg said: "We are sorry some customers are upset after receiving notification we are ending their credit card arrangement, but they are people we do not feel it is appropriate to lend any money to."

He added: "The decision was taken after an extensive one-off review of our credit card book following acquisition by Citigroup."

"We can certainly understand the concerns, but even if people are up-to-date with repayments, they are people we decided we no longer wish to lend money to regardless of their status."

news.bbc.co.uk

Sounds like preemptive action to cut off potential problem customers who are over their heads in RE loans.