http://money.cnn.com/2006/11/28/news/econo...=rss_topstories



YAY, finally i'm on the losing end of some sort of stick....... wait I'm looking at this end of the stick all the time https://www.nopistons.com/forums/pub...#>/biggrin.gif

the end is nigh!

The way I see it, if you're like most people, you are both buying and selling a home, so the price is almost meaningless. You make it on the sale and give it all back (and then some) when you buy.

its a long term thing, has its ups and downs.



Your in good shape as long as you have not refinanced yourself into a hole.

What if those were literal terms ... like you refinance your house and after you sign the final paper work, the guy goes "HA HA! GOT YOU SUCKERS!" Then they throw you into a big hole with others who refinanced at the wrong time. :-o

Yes, that is a funny notion. However, I don't think most people who get into trouble with home loans are victims of mere timing. They are simply greedy enough to take a huge gamble in the hopes that they can live in a far nicer house than they can really afford. Take the knuckleheads who sign on for these "all-interest" loans. They are absolutely nuts. Let's see--rates go up, housing market (and value) nosedives....can you say "personal bankruptcy?" I knew you could. https://www.nopistons.com/forums/pub...1047683664.gif

Throw him in the hole, Gualupe!

that happened to me. but luckily i had a ladder and escaped.





true story.