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Economics/share prices/recession

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Old 14-04.-2007, 12:14 AM   #16
Wurm
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Default Re: Economics/share prices/recession

Quote:
Originally Posted by limerickman
And it seems that a lot of Americans have availed of these offers (1 in all 5 American mortgages are of the sub-prime variety).
Throw in the fact that many of these mortgages have been taken up by people who were under a certain financial strain anyhow, this could spell trouble if these people default on their repayments.

aka: predatory lending.
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Old 01-05.-2007, 11:51 PM   #17
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Default Re: Economics/share prices/recession

If anyone wants to kill some time, these two threads on a real estate investing board are pretty amusing. The first starts in 2005 as a would be real estate mogul (recently fired from his job as a Taco Bell manager) buys fourteen houses in fourteen months. Seasoned investors try to warn him of how risky his strategy is, but he won't listen to any of it. The second is the same guy losing his shirt and wondering what to do.

http://www.websitetoolbox.com/tool/...vpost?id=444014

http://www.websitetoolbox.com/tool/...post?id=1854186
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