Motorcycle Forums banner
41 - 60 of 69 Posts

· Snuggles
Joined
·
4,369 Posts
I'd say wait a few months on that so you can time it with foreclosures peaking.



There are a lot of folk with bad mortgages out there and it's gonna get messy.



What are the odds on KSquid having one of those interest only variable rate mortgages?



 

· Registered
Joined
·
11,481 Posts
Discussion Starter · #51 ·
......on the Dinette Set and Daughter's iPod.......
 

· The Toad
Joined
·
17,448 Posts
Ha! The congress is already talking about bailing out the shyster crooked mortgage companies and the idiots who bought these ridiculous under prime ARMs and such.



Makes you feel good about being a responsible person who pays his own way, don't it? All hail Karl Marx.
 

· Snuggles
Joined
·
4,369 Posts
It was like pulling teeth to get the mortgage the way we wanted it. They really push the ARMs to the point that they try to sell you only those.



I say let 'em burn and anyone looking for a short cut that took the ARMs should have known better.



It's like all those idiots during the Dot Com boom that decided that business plans were no longer needed and everyone just went after the venture capital and tried to go public. Every investor followed blindly without doing any homework and than cried foul when the floor fell out from under them.



Unfortunately it affected a lot of other people than just the idiots and this time will be no different.

 

· Registered
Joined
·
5,019 Posts
But... but... it's all the fault of those predatory lenders.

They swooped down on those poor innocents who thought $600 a month for a $250,000 mortgage made perfect sense.

Those bastards!

Big Oil, Big Tobacco, Big Pharma, Predatory Lenders, Fast Food Nation... it's tough out there for the little guy. Good thing we've got Fluffy Cuddly Law Firms to protect us!
 

· Registered
Joined
·
5,019 Posts
Maybe that's why he's been so quiet - he's on the porch with Pappy's shotgun, barricaded behind the dinette set, holdin' off them damn greedy bankers from takin' his land...
 
41 - 60 of 69 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Top