Capn Sunshine
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Fri Mar-30-07 09:23 AM
Response to Reply #25 |
| 26. what's so super corrupt about the mortgage industry? |
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Please explain that to me.
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| -Mortgage crisis hits million-dollar homes |
Roland99 |
Mar-29-07 05:36 PM |
#0 |
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You mean people might have to go back to using parks or community centers |
LisaM |
Mar-29-07 05:37 PM |
#1 |
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You mean...*gasp*...they might have to mingle with the "little people?" |
KansDem |
Mar-29-07 05:43 PM |
#3 |
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oh, those horrible community service charges for those gated communities! |
Donnachaidh |
Mar-29-07 05:43 PM |
#4 |
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so many people made so many foolish decisions, just because you can doesn't mean you should. |
chimpsrsmarter |
Mar-29-07 05:40 PM |
#2 |
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Same here |
Tansy_Gold |
Mar-29-07 08:18 PM |
#13 |
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The sheriff interviewed in the article says there's enough blame to go around but |
1932 |
Mar-29-07 10:42 PM |
#14 |
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Sorry, but the majority of the blame for this is with the borrowers |
MadHound |
Mar-30-07 05:47 AM |
#17 |
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Sorry, but the sheriff, who is seeing this up close, has a different opinion. |
1932 |
Mar-30-07 11:35 PM |
#47 |
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Do you know what credit card companies call people like me-- |
eridani |
Mar-31-07 12:23 AM |
#49 |
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gee, but I've heard all these folks saying the economy is perking right along |
ixion |
Mar-29-07 05:45 PM |
#5 |
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I heard on the radio today that the economy is SO good, that it might actually have a negative |
PassingFair |
Mar-30-07 05:10 PM |
#46 |
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I feel so sorry for those poor millionaires.... |
mike_c |
Mar-29-07 05:45 PM |
#6 |
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Smart enough to earn 6 figures |
DCKit |
Mar-29-07 05:46 PM |
#7 |
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A million dollar home isn't worth a million dollars any more |
slackmaster |
Mar-29-07 06:03 PM |
#8 |
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In my neighborhood in SoCal $1million MIGHT get you a 1945 |
kestrel91316 |
Mar-29-07 06:21 PM |
#10 |
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My 'hood in San Diego has a McMausoleum that sold for $1,150,000 in November |
slackmaster |
Mar-29-07 07:35 PM |
#11 |
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my hood in sw CT has an 8 ac. piece of land subdivided into 5 lots for $750K EACH lot |
wordpix |
Mar-30-07 02:45 PM |
#41 |
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With Prices Like Those |
Crisco |
Mar-30-07 07:55 AM |
#18 |
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Suppose so but, still, a $1mil home there will be a very nice home |
Roland99 |
Mar-29-07 07:39 PM |
#12 |
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Right. 1M in Bergen County buys a lot more than in overheated CA markets. |
Gormy Cuss |
Mar-30-07 10:41 AM |
#36 |
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And that equity is what's been fueling the GDP. Take out MEW and we're at 0% or *below*! |
Roland99 |
Mar-30-07 12:16 PM |
#37 |
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depends where one lives |
madrchsod |
Mar-29-07 06:18 PM |
#9 |
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About 40 percent of homes bought last year were second homes or investment properties. -"f*ck em |
fed-up |
Mar-29-07 11:05 PM |
#15 |
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The bright side is some bargains can be had now and coming up in the near future. |
Roland99 |
Mar-30-07 05:06 AM |
#16 |
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how do they come up with this 40% figure? |
kwassa |
Mar-30-07 09:21 AM |
#19 |
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It would be extrapolated from lending data |
Capn Sunshine |
Mar-30-07 09:30 AM |
#27 |
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Kick. |
Heidi |
Mar-30-07 09:23 AM |
#20 |
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Mortgage crisis hits million-dollar homes |
Mister K |
Mar-30-07 09:23 AM |
#21 |
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People who thought they were wealthy |
spinbaby |
Mar-30-07 09:23 AM |
#22 |
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"With an ARM, you can buy much more house!" |
Warpy |
Mar-30-07 09:23 AM |
#23 |
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"Those granite countertops will have to be recycled for headstones." |
Viva_La_Revolution |
Mar-30-07 09:23 AM |
#24 |
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Then why not ask their realtor or loan officer to crunch the numbers? |
Hobarticus |
Mar-30-07 10:19 AM |
#35 |
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What could be an excuse? |
Warpy |
Mar-30-07 12:57 PM |
#38 |
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In other words: life happens |
Hobarticus |
Mar-30-07 01:48 PM |
#39 |
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Understood, but I do have sympathy |
Warpy |
Mar-30-07 02:49 PM |
#42 |
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That's not what we're seeing here. |
Capn Sunshine |
Mar-30-07 02:59 PM |
#44 |
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The SUPER CORRUPT mortgage industry is bad enough,.......... |
Double T |
Mar-30-07 09:23 AM |
#25 |
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what's so super corrupt about the mortgage industry? |
Capn Sunshine |
Mar-30-07 09:23 AM |
#26 |
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Capn Sunshine, you must NOT be paying attention if you can ask that question........ |
Double T |
Mar-30-07 09:32 AM |
#28 |
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I'm just curious where you get that take from |
Capn Sunshine |
Mar-30-07 02:40 PM |
#40 |
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Should loan officers and realtors discourage people from buying too much house? |
slackmaster |
Mar-30-07 09:32 AM |
#29 |
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So the answer to the problem is to put THOSE kind of people,......... |
Double T |
Mar-30-07 09:51 AM |
#30 |
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A loan officer cannot say "I don't think you should do this" |
slackmaster |
Mar-30-07 09:53 AM |
#31 |
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If borrowers in financial trouble who don't have to provide 'proof'........ |
Double T |
Mar-30-07 10:04 AM |
#32 |
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The lending industry doesn't make money off of foreclosures |
slackmaster |
Mar-30-07 10:09 AM |
#34 |
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Credit card companies make over half their profit from fees and fines and they call |
1932 |
Mar-30-07 11:48 PM |
#48 |
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I said to my mortgage broker that I thought the condos in my new area were too expensive & |
wordpix |
Mar-30-07 02:50 PM |
#43 |
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Not to worry. These folks that lost their homes can file bankruptcy. |
Zorra |
Mar-30-07 10:06 AM |
#33 |
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The Michigan foreclosures are probably due to the economy |
shrike |
Mar-30-07 04:37 PM |
#45 |
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