Article

2010-10-14 Economy

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by tipper 2010-10-14 15:33|| || Front Page|| [3 views ] Top

#1 Insanity! Very, very predictable 2nd order effects,(in fact we all read it right here) INSANITY!

Posted by Besoeker 2010-10-14 17:50|| 2010-10-14 17:50|| Front Page Top

#2 So the Lawyer recommended that they violate the law (breaking and entering).

Don't lawyers get disbarred for that?

Posted by CrazyFool 2010-10-14 18:21|| 2010-10-14 18:21|| Front Page Top

#3 "paid $500,000 for the house in 2001 and then refinanced to pull out cash"

Stop. Right. There.

Zero sympathy for them. They brought it on themselves.

And they had a no-interest mortgage? Since I pay my mortgage on time, can I have one of those? >:-(

Posted by Barbara Skolaut 2010-10-14 19:02|| 2010-10-14 19:02|| Front Page Top

#4 > paid BORROWED $500,000 for the house in 2001 and then refinanced to pull out cash. They fell behind on their mortgage and at the time of their eviction they owed about $880,000

Zero Sympathy as foreclosure is a zero sum game. Somebody gets the house at a discount = GOOD!

Unnafordable (price/wage) Houses are the opposite of economic growth.

Posted by Bright Pebbles 2010-10-14 19:38|| 2010-10-14 19:38|| Front Page Top

23:14 crosspatch
22:33 Anonymoose
22:29 rjschwarz
21:23 Pappy
21:19 Pappy
21:16 Water Modem
21:15 Pappy
20:29 Alaska Paul
20:25 DJ Curtis C
20:20 Anonymoose
20:17 DMFD
20:14 Sgt.Mom
20:05 Sgt.Mom
19:58 Frank G
19:55 Frank G
19:45 Nimble Spemble
19:38 Bright Pebbles
19:33 Frank G
19:16 KBK
19:02 Barbara Skolaut
18:47 Frank G
18:39 Frank G
18:37 Frank G
18:21 CrazyFool