| Log In | Register Now
Great news; I believe the number of mortgage "walk aways" is "better than expected" - now how do I buy stock on deadbeats? (DBDT?) Look there was no problem buying these assets when all they did was go up; even better when one could serial refinance to live the "life we deserve", but nowhere in the contract did it say the house could go down in price. Therefore, it's time (and our right) to walk away. In 2007 and early 2008 we said this would be a big issue as masses of home owners became upside down. In fact our prediction was eventually 1 in 4 homes would be underwater - we should be very close. [Oct 9, 2008: WSJ - Nearly 1 in 6 Homes Underwater] [Mar 9, 2009: One in Five Houses Underwater] Frankly I have not checked lately because what's the problem? Let the taxpayer take care of it - if not through direct bailout of the banks [May 29, 2009: In 1 Year US Taxpayers on Hook for More than $55,000 per Household], then certainly through much higher fees. [May 29, 2009: USA Today - Banks Find Ways to Boost Fees]
Antonio Valencia is ‘a Better Team Player’ Than Cristiano Ronaldo Claims Pundit
Dad Shoots Laptop Video Goes Viral on YouTube After Daughter’s Facebook Rant [VIDEO]
Free Edition
TAKE A TOURWe value your privacy. Your email address will not be shared.
