To: Shout Bits
Real estate looks like a bubble in hindsight after every economic downturn.
You buy a mortgage on the strength of your credit which includes your income. When an economic downturn strikes and you lose your income, you lose your mortgage and then people look backwards and say it was a real estate bubble. It's usually a symptom not the cause.
2 posted on
12/23/2013 8:54:10 AM PST by
DannyTN
(A>)
To: Shout Bits
Too late rats, as in forever!
3 posted on
12/23/2013 8:56:47 AM PST by
no-to-illegals
(Scrutinize our government and Secure the Blessing of Freedom and Justice)
To: Shout Bits
Wait, if it's the governments fault, then there must only be Republicans running the government, because no Socialist Democrat policy has ever failed, anywhere.
Worse yet, it cannot be that Republican RINOs are involved, because they always have bi partisan democratic government policies.
Alas, it must be racist, homophobic, misogynistic, Conservative, Christian, Bible thumping bitter clingers who are at fault.
4 posted on
12/23/2013 9:10:18 AM PST by
Navy Patriot
(Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
To: Shout Bits
Franklin Raines amassed an alleged $90 fortuneShoot, I could afford to drop $90 out of my wallet and barely notice it gone!
5 posted on
12/23/2013 9:11:44 AM PST by
Lazamataz
(Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
To: Shout Bits
I wish I had a $90 fortune right now
7 posted on
12/23/2013 9:34:03 AM PST by
GeronL
(Extra Large Cheesy Over-Stuffed Hobbit)
To: Shout Bits
Well, not to worry. Dodd-Frank is going to make it harder to a mortgage. It lowers the DTI ratio from 45 to 43. Wow! When I was in the business the back ratio was 36. I guess there is no front ratio now days.
9 posted on
12/23/2013 10:36:27 AM PST by
VerySadAmerican
(".....Barrack, and the horse Mohammed rode in on.")
To: Shout Bits
10 posted on
12/23/2013 12:00:39 PM PST by
Sergio
(An object at rest cannot be stopped! - The Evil Midnight Bomber What Bombs at Midnight)
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