Home Forclosures hit record high

[HitManSE 10+ year member]

I'm looking at it as, the houses are going on sale again //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif

I remember everyone trying to hype up those ARM loans in 2004 too.

 

[skeptikal Premium Member]

I wish I could remember some of the stuff my econ teacher told us at the beginning of the semester. He likes to play the devil's advocate and disagrees with many economists around the US.

I'll try to dig up some of my notes that I took. If things continue to go the way they are going, prepare for a recession.

 

[Flipx99 5,000+ posts]

I always thought like this, but its always the opposite.

I knew it was wrong, I wanted to see what he would say. Whenever you cut interest rates quickly, you risk inflation. It is the Monetary Policy to reduce inflation...

 

[Flipx99 5,000+ posts]

I wish I could remember some of the stuff my econ teacher told us at the beginning of the semester. He likes to play the devil's advocate and disagrees with many economists around the US.
I'll try to dig up some of my notes that I took. If things continue to go the way they are going, prepare for a recession.

I'd like to see such things.

I used to want to be an economist....well I still do. I just don't want to be a PhD anymore.

 

[Flipx99 5,000+ posts]

they are just trying to make sure they get their worth out of loaning you the money.

If you dont want to do it conventionally, do a hard money loan............

I am not familiar with that terminology.

 

[2002XLT 5,000+ posts]

That is a crap load of lawn to mow.

//content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif Atleast i wont have to worry about it too much until spring.

 

[DejaWiz 5,000+ posts]

I am not familiar with that terminology.

Personal or signature loan perhaps?

 

[Chevillac 5,000+ posts]

[pics]

3/4 acre, 2BR + 2 Bath, garage, carport, shed, 1300 Sq ft.

87K

Thats pretty decent. I like the land and layout.

Or your teacher could actually teach you something and call them Alt-A loans.

//content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif

A 400K hard money loan..... Riiiiiiiiiiiiiiiiiiiiight.....

It happens. Commercial hard money loans are not uncommon. Residential...... You nver know. If you have that kind of money to give up though, you probly wouldnt even be considering doing a hard money loan.

I knew it was wrong, I wanted to see what he would say. Whenever you cut interest rates quickly, you risk inflation. It is the Monetary Policy to reduce inflation...

Did I mess up your game?

Holy mother ****ing CHEAP!


fo sheezy. But by then you better have a sit down mower with a beer holder.

Basically. Sit down mower is a must. Unless he is fat and could use the workout and sweat.

 

[bdawson72 5,000+ posts]

Thats how much houses around me cost.

 

[bdawson72 5,000+ posts]

I know nothing of this 250k stuff

 

[Tiger Bass 5,000+ posts]

If the economy is lagging, wouldn't they lower interest rates to stimulate the economy??? Thus not causing an increase in interest rates?

I thought that, simply put, mortgages were pretty much inverse of the bond market? Bond prices fall, interest rate goes up.

 

[DBfan187 5,000+ posts]

That is a crap load of lawn to mow.

are you lazy?