To: thinking4me
To: thinking4me
If enough investors start putting their investment on the market to sell, it could reach critcal mass and actually start the burst. "Enough" depends heavily on what the percent of bubbling homes are owned by investors.
3 posted on
08/17/2005 4:33:34 AM PDT by
HighWheeler
(RATS hero is an impeached, dis-barred, lying, perjuring, cheating, lazy, cowardly sexual predator)
To: thinking4me
"A lot of individuals have made some interesting moves financially with interest-only mortgages and the idea of suddenly having all that equity disappear is something that scares home buyers and policy-makers alike." I can see why the disappearing equity would scare people. It would dry up their HELOC with which they planned to pay for the gas to fuel their SUVs ;-)
Arguing that Americans are widely benefiting from adjustable-rate mortgages that make monthly payments more affordable.....
In the current market the adjustable rate, no down, interest only mortgages are akin to the old game of floating checks. All it takes is one trip-up and the game is over ;-)
4 posted on
08/17/2005 4:55:08 AM PDT by
varon
(Allegiance to the constitution, always. Allegiance to a political party, never.)
To: thinking4me
QUICK! Someone give me a pin!
5 posted on
08/17/2005 5:05:39 AM PDT by
Fawn
(Being a FREE COUNTRY doesn't mean EVERYTHING'S FOR FREE!!!!!!!)
To: newgeezer
7 posted on
08/17/2005 5:20:47 AM PDT by
biblewonk
(A house of cards built on Matt 16:18)
To: thinking4me
Hahaha. What's next, Mr. Heart Attack?
13 posted on
08/17/2005 6:15:40 AM PDT by
facedown
(Armed in the Heartland)
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