SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : MITT ROMNEY -- Ignore unavailable to you. Want to Upgrade?

To: Shoot1st who wrote (1804)2/14/2008 3:22:17 PM
From: Oral Roberts  Read Replies (1) | Respond to of 5586
 
I had a kid in my office this spring who was losing his house. He is a sheetmetal worker and his wife worked at carnation. Between them they were probably making around 75K a year. 80K of SUV's and pickups in the garage of their 275K house. And it was their first house. Give me a flippen break.



To: Shoot1st who wrote (1804)2/14/2008 3:24:33 PM
From: Augustus Gloop  Read Replies (2) | Respond to of 5586
 
I still maintain the liability is with those who approved the loans. Rates got so low that as you said - people wanted as much home as they could get. Its not all that dissimilar from leasing a car. People don't qualify to buy the cool car they want so they turn to that teaser lease rate. Now, there are some legitimate reasons to lease a car as a business but my belief is that you NEVER lease what you can't afford to buy


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News