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

To: bentway who wrote (138369)	8/1/2008 11:17:57 AM
From: Smiling Bob	Respond to of 306849

That's funny My uncle invests in these in NJ, which I believe are called tax certificates. When conversing about them, that image has come to mind. They're supposed to be great investments. This tumultuous period offers good ops with these. google.com

To: bentway who wrote (138369)	8/1/2008 12:29:06 PM
From: Pogeu Mahone	Respond to of 306849

Hey This time it is different-ng/vbg- No way can these people hang on. If a 35 year old with a $500,000 mortgage on a property selling for$350,000 today keeps paying he kisses his life away. With a Family to raise who can do that? One of my attorneys told me he is in this fix carrying mortgages on many buildings that are 4 to $500,000 under water. I asked whatchagonnado?, he said keep paying. YIKES. He is afraid he will ruin his credit rating, he is right. My advice ,consolidate yesterday, pay off your debt now, think SMALL and YOURS as opposed to Large and THEIRS. Look on his face WTFDYK? I think another entitled merican gonna get a kick in the nuts. Maybe two.