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

To: Think4Yourself who wrote (170935)	12/12/2008 2:30:42 PM
From: SGJ	Read Replies (1) \| Respond to of 306849

So why not ask the UAW for concessions too? All loans have covenants.

To: Think4Yourself who wrote (170935)	12/12/2008 6:40:32 PM
From: orkrious	Read Replies (2) \| Respond to of 306849

At this point most people here understand what is going on, and realize why it's important to give the automakers a chance to complete their restructuring. well, count me among the unwashed and uninformed, and I live here. I'm glad the bailout failed and it's the first time in a long time I think congress did the right thing. as a friend of mine said, it's the first time in a long time I'm proud to be an american. yes, it is going to cause a great deal of pain and misery throughout the country, but the auto industry will emerge in better shape. the alternative as far as I am concerned would only prolong the agony and put the problem off to a later date, just as we've been doing with everything else for decades. for the local RE chronicles, the house that my wife used to live in with her ex and which she sold in 1984 is on the market. my wife sold it for roughly $92k. it's now a foreclosure listed for $102k. in many cases prices here are back to where they were 25 years ago.