THOSE PEOPLE EAGER TO DROWN THEMSELVES IN DEBT to be a "home owner" in the current housing market need to look at anotherf****dborrower.com for the lowdown on their new and continuing servitude.
Chilling tales and ripping yarns from someone on the inside of the lending industry about how fools got into and how some may get out of their engulfing tsunami of debt.
Fascinating insights. Just keep scrolling.
Another page covering the coming Tulipmania correction in real estate stupidity ("Ramifications Of Speculative Euphoria Materialize") is The Housing Bubble
No doubt about it, as ARMs adjust and appreciation slows or reverses, marriages for second incomes or big check books will increase. Along with amateur bank robberies.
Posted by Vanderleun at December 17, 2005 10:06 AM | TrackBack"It is impossible to speak in such a way that you cannot be misunderstood." -- Karl Popper N.B.: Comments are moderated to combat spam and may not appear immediately. Comments that exceed the obscenity or stupidity limits will be either edited or expunged.