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


To: bentway who wrote (177946)1/19/2009 1:13:38 PM
From: Patricia TrincheroRead Replies (1) | Respond to of 306849
 
When you drive a car off the lot that new car loses a ton of value.

There is now a Black book circulating which replaces the Blue Book value. I was told that banks over-stated the car values and the Blue Book represents that number..........don't be shocked that banks financed cars at inflated prices.

Everyone was in on one scheme or another.