To: goldstategop
We have to maintain the FR theme that anyone who got an ARM is an idiot who deserves whatever bad thing happens to them. /s
7 posted on
08/20/2007 10:04:37 AM PDT by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Moonman62
ARM’s are bad option whenever the interest rates are at 30 to 40 year lows. Guess which way they will go?
10 posted on
08/20/2007 10:06:53 AM PDT by
Hydroshock
("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
To: Moonman62
To: Moonman62
I understand they even have interest-only mortgages available?
To: Moonman62
We have to maintain the FR theme that anyone who got an ARM is an idiot
who deserves whatever bad thing happens to them. /s
Well, calling everyone that takes an ARM "an idiot" is a bit
too sweeping.
But, while waiting in the doctor's office this morning, I read
a "Money" magazine article on ARMs.
The investor (in Florida) they interviewed said he'd made a killing
via ARMs. And that people who take out ARMs are "idiots".
I was a bit suprised that someone making $$$ off the product would
slam the buyers so directly.
19 posted on
08/20/2007 10:30:05 AM PDT by
VOA
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