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Old 01-17-2008, 02:39 PM
 
Location: Little Babylon
5,072 posts, read 9,115,291 times
Reputation: 2611

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I've wondered about this, and I guess I'll be seeing this in my neck o' the woods.

Wealthy may be next in line in home crisis | Reuters
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Old 01-17-2008, 09:08 PM
 
Location: Inis Fada
16,966 posts, read 34,600,965 times
Reputation: 7722
Quote:
Originally Posted by ClarkStreetKid View Post
I've wondered about this, and I guess I'll be seeing this in my neck o' the woods.

Wealthy may be next in line in home crisis | Reuters
Starting to see signs of it here.
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Old 01-18-2008, 05:01 AM
 
5,047 posts, read 5,767,176 times
Reputation: 3120
It happens in Ireland. There, when you cannot pay for your home, you go into the bank, the bank agrees to buy it back from you, you can stay and pay them rent.

This happens more and more. So the neighbours who are very important to you do not know at all, many times the children dont know. So then when you die and the children think they are inheriting a huge fantastic house ; guess what ; they dont!!

dorothy
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Old 01-18-2008, 07:16 AM
 
Location: Little Babylon
5,072 posts, read 9,115,291 times
Reputation: 2611
Get behind on the big house, then you get behind on the expensive car, then you get behind on the credit cards. At least they can show their kids pictures of all the great stuff they used to have. Crazy.
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Old 01-18-2008, 08:31 AM
 
Location: Dead end - Long Island,
999 posts, read 2,351,231 times
Reputation: 356
I have 2 friends in the repo business, things are much worse then what everyone reads about
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