05-06-2008, 03:23 AM | #1 |
Senior Member
Join Date: Nov 2007
Posts: 2,326
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Well, too friggin bad..........
Because of price drops, many of the borrowers are now "upside-down," meaning they owe more than their homes are worth. Many of the owners had counted on the idea that their home values would continue to soar, increasing their home equity, which they could then tap to pay their bills. Now, they can't afford to pay off their mortgages and they have no assets to rely on.
http://money.cnn.com/2008/05/05/real...ex.htm?cnn=yes i guess the home = ATM machine was a bad roll of the dice. deal with it. |
05-06-2008, 04:13 AM | #2 |
I must not tell lies
Join Date: Aug 2005
Posts: 5,103
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05-06-2008, 07:19 AM | #3 |
Senior Member
Join Date: Nov 2007
Posts: 2,326
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I agree..........why does
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