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

To: saveslivesbyday who wrote (201613)	5/10/2009 9:45:58 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 306849

It's obvious this is nowhere near over but which is the next shoe to drop? Is it Credit cards? Commercial Real Estate? Dollar Crisis (no one wants them)? All three for a body slam to the economy? When the credit card shoe drops it's going to toast retail.

To: saveslivesbyday who wrote (201613)	5/11/2009 1:10:33 AM
From: GraceZ	Respond to of 306849

Cindy Schneider of Connecticut, 53, is a long way from being confident about her finances. She is not making any money from her job as a real estate agent and cannot find work elsewhere. Her husband’s pay was just cut 10 percent. And she worries about how they will pay off a $5,000 balance on their credit card. When her credit card company recently raised her interest rates, saying she was three days late with a payment, Ms. Schneider transferred the balance to another card with a lower rate. “We are borrowing from Peter to pay Paul,” she said. The woman is 53 and doesn't have the resources to pay off a $5000 credit card debt, she's got much bigger problems than just that credit card debt. That kind of problem is understandable when you are 23 but by 53 you should have savings socked away somewhere.

To: saveslivesbyday who wrote (201613)	5/11/2009 1:30:15 AM
From: TheStockFairy	Respond to of 306849

hahahahahah, in order to raise more money, these banks are jacking up the rates on people that went into unsecured debt that had no way to pay back their original credit card balances! so the poor farkers that were broke to begin with just moved to the head of the "hey, we are screwing you because we can" line because they can't pay their debts! those people that can't pay back their credit cards can't get credit enough to buy a new car, so we are screwed! (as taxpayers) and they are screwed as consumers! hahahhaahahhahaha! take that mr and mrs financially unprepared American and American Taxpayer! You had a good 50 year run at things, now shove it up your arse and plant a victory garden and grown your own tomatoes. they taste really good for one day of the year when you plant them yourself. (i don't remember, if you can't discharge it in BK, how can this debt be unsecured? I think I might have my laws wrong).