To: freedomdefender
So far this year, 731,244 pre-foreclosures have been filed nationwide, it says. That translates to nearly 10 out of every 1,000 households in trouble financially with their mortgages.And 'that translates' to less than one percent.
7 posted on
09/12/2007 2:54:01 AM PDT by
elli1
To: elli1
Between now and July of 08, there is something like a half a billion dollars of ARM’s that are gonna reset.
I guess you figure they are gonna go down.
Bon chance.
8 posted on
09/12/2007 3:01:30 AM PDT by
djf
(Send Fred some bread! Not a whole loaf, a slice or two will do!)
To: elli1
And, BTW, how long do you think a business would stay in business if even one percent was bad?
Would Safeway stay in business if one percent of the money? coming in was bad?
Would Wal-Mart?
Would Kodak? Would Microsoft?
11 posted on
09/12/2007 3:10:07 AM PDT by
djf
(Send Fred some bread! Not a whole loaf, a slice or two will do!)
To: elli1
Exactly right. As in all things, relativity is important. Many on this forum seem unable to see this. These numbers are being compared to last year, a year many claim was part of the bubble in real estate. Why not compare them to a time when the real estate market was more ‘normal’?
As the saying goes “figures lie and liars figure”
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