http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vrlYJLMZ4fRY.asf good link
Thanks for your support, I saw an article in the Dallas Business Journal, titled contractors get squeezed by rising cost of materials, and thought why not help them.
the larger question is who wrote the OTC derivative hedges to offset some or most of the subprime or alt-a stuff or prime for that matter.................. bank earnings are next week and nobody will care, but they will flip to the 10K notes to see what their derivative exposure is.......... as soon as one of these elephants goes tits up.......is 1987 deja vu
to refi to a fixed rate, they may not qualify since standards are getting tougher.... and they may have to actually tell the truth on the loan application.......imagine that....
I was thinking of foreclosures as percentage of homes for sale. 15% of homes for sale in san diego are foreclosures, and climbing. Imagine 1 out of every 6.5 homes on the market for sale are foreclosed :eek: Every stat put out there by the media and realtors are as sugar coated as legally allowed How is the 1.2% number calculated? 1.2% of the total home inventory for california? If so, that info is worthless, since the majority of homes are not even for sale. But if every 6th house I see for sale, is a foreclosure, then im pretty damn worried if im a seller, and happy if im a buyer.
Many wont qualify because they are under water on the house. Many got the house appraised above value just to get the home in the first place.
I recall several years ago that lenders were loaning 125% of the value of the house so the "lucky" suckers could buy furniture and other crap to fill it with..... so the borrowers were already 25% in the hole........the day they signed...... interesting that the Democrats hearing the death screams from Wall Street Bond Shops want the FHA to step in and do some bailouts......under the cover of helping the "little guy out" the United Socialist States of America the USSA
Wall Steets game is how many average folks can we sucker, who is the media run by? what group runs wall street? or is wall street just a bunch of average joes trying to make a living.