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

To: Skeeter Bug who wrote (234604)12/28/2009 11:26:15 PM
From: bentwayRead Replies (4) | Respond to of 306849
 
Well, this thread is a testament to how crazy banks went in the Bush years, loaning money to any homeless person or dog with a pulse. But, as we could have expected, now they've gone too far the other way, only loaning to people with over 800 credit scores, and sometimes not to them.

Which makes it damn hard to sell a house without GIVING the damn thing away. Especially in this Great Recession.



To: Skeeter Bug who wrote (234604)12/28/2009 11:34:10 PM
From: John ChenRead Replies (1) | Respond to of 306849
 
"fannie and freddie are going to have start ditching out $500k loans to people making $50k in order to prop this flying pig up."

Sure they won't apologize for their life styles. It's paid
for by the treasury, aka, taxpayers.

EDIT: All signs and actions point to the aging patient is
in the ICU under various / vigorus treatments.

AWESOME.


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