Home prices: Record drop in October
11-28-2006, 03:50 PM
#1
Administrator
Thread Starter
Join Date: Jul 2001
Location: Stuart, FL
Posts: 24,416
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
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
11-28-2006, 04:27 PM
#3
Super Moderator
Join Date: Apr 2002
Location: VA
Posts: 2,532
Originally Posted by phinsup' post='847013' date='Nov 28 2006, 04:50 PM
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
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.
11-29-2006, 09:44 AM
#5
Senior Member
Join Date: Jun 2002
Location: WA
Posts: 1,312
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
11-29-2006, 01:30 PM
#6
Super Moderator
Join Date: Apr 2002
Location: VA
Posts: 2,532
Originally Posted by sidewinderx7' post='847128' date='Nov 29 2006, 10:44 AM
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.
11-30-2006, 11:09 AM
#8
Senior Member
Join Date: Mar 2003
Location: Disclaimer: posts made after 11AM are most likely alcohol induced. Please disregard unless very funn
Posts: 2,436
Originally Posted by sidewinderx7' post='847128' date='Nov 29 2006, 10:44 AM
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
that happened to me. but luckily i had a ladder and escaped.
true story.
Thread
Thread Starter
Forum
Replies
Last Post
kristopher_d
Northwest
0
09-29-2008 07:29 PM
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)