Here comes the tidal wave...

[VW2.0Driver]

of homes foreclosing.

Ouch!

http://moneycentral.msn.com/content/...ng/P148861.asp

[kcfoxie]

I'm REALLY glad I got a 5.45% ARM, looking at the quotes in the research.. I love my credit union so much more now.

[CaptainXeroid]

Originally Posted by VW2.0Driver

...This is called people who are getting over their heads and making stupid mistakes...

I can't say I'm surprised by the 'tide'. What I find mind-boggling is the high percentage of people who are making payments but not building any equity in their homes. That has to be one of the worst ideas I've ever heard of.

I hate to sound like grandpa, but in the old days, you saved money, made a downpayment on your house, and then worked to pay off the mortgage.

I think it's just another symptom of people who want what they want and pay absolutely no attention to the fact that they can't afford it yet.

[VW2.0Driver]

Originally Posted by CaptainXeroid

Now that just makes too much sense to the lefties who are desperate to blame everything on Bush. BTW, I know of a logical argument that could be made, but I won't offer it because I'm curious to see if any of them stumble upon it.

Oh Oh Oh

Could it be that they...

Dun dun dun

MADE A CHOICE!

[CaptainXeroid]

**MOD POST**

This thread was started in Misc Hoo-Ha, not Hot Topics, so keep the political commentary out. I thank everyone ahead of time.