Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Nope - was not a doctor or lawyer. A working stiff. Worked hard.
We did not have health insurance back then - of course, we really didn't need it either -
And, I did "manage" to do so - and, for my generation, it was not outside the norm
I won't continue to argue such a point. The statistics widely available of consumer debt and median income vs. house prices speak for themselves. If folks weren't so cash strapped, you wouldn't have seen so much zero down, neg am, no doc, 40 year, and other Ponzi scheme like "creative" mortgage products available.
Anecdotal evidence may work for you and those you knew, but it's not indicative of the population as a whole.
But, it still comes down to two words: Freedom - Choice
They have the FREEDOM to make that CHOICE.
Thank God they do
Ugh. The point is they are trying to do both and as evidenced by sneaking in government headed private subprime bailouts, are apparently failing to do so.
Ugh. The point is they are trying to do both and as evidenced by sneaking in government headed private subprime bailouts, are apparently failing to do so.
There is no bailout -
There is no government money in the Administrations proposal
There is no government money in the Administrations proposal
I said government headed. Kremlin officials met with financial leaders to drum up the deal.
It's a partial bailout in the form of interest rate freezes, privately induced. Investors will NOT be happy to hear about this and will likely tighten mortgage standards further.
I won't continue to argue such a point. The statistics widely available of consumer debt and median income vs. house prices speak for themselves. If folks weren't so cash strapped, you wouldn't have seen so much zero down, neg am, no doc, 40 year, and other Ponzi scheme like "creative" mortgage products available.
Anecdotal evidence may work for you and those you knew, but it's not indicative of the population as a whole.
It is not a bailout - in any shape, fashion or form
Paulson headed the meeting. Bush "unveiled" it. Moscow central command was directly involved.
It's politically clever to introduce the freezing of rates because you can't DIRECTLY call it a bailout, and a kickback will be presented in the form of a Fed cut this week.
It's a fantastic Christmas present for those who deserve a lump of coal this year.
I'm sorry. This is too easy. You are making my point for me.
I will agree this much. Things are indeed different today, and we're seeing the effects of that in the coming months and years with falling prices.
Actually - this cycle is no different than the other 3 I have survived, and thrived though.
BTW, I'm curious, do you own your own home?
We are building our summer home (actually log home) in Sitka, Alaska - really looking forward to it
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
