To: GodGunsGuts
figures lie, liars figure...
When percentages fit the premise, use percentages.
When percentage doesn't fit the premise, use numbers.
In 2005 adjustable rate mortgages (ARM) accounted for 24% of all residential loans and 75% of sub-prime loans. One million households have either received sub-prime loans or are at risk of foreclosure from mortgage burden.
so, sub-prime is 75% of 24% ?
and 1 million homes equates to what percentage ? especially if 70% of Americans own their own home ? (never mind that the 70% doesn't breakdown which are mortgaged and which are not)
"I-might-be-almost-right-after 10-years" - Ping!
"A-bazillion-gazillion-trillion-in-lost-equity" -Ping!
"Homeless-increase-under-President Bush" -Ping!
"Doom-and-gloom" - Ping!
"we're-all-doomed" - Ping
"Worst-economy-since-Hoover" -Ping !
"I-buy-real-estate-cheap" - Ping !
If-I've-left-anybody-out" - Ping !
41 posted on
09/23/2006 10:40:50 AM PDT by
stylin19a
(I'm not just long, I'm Lama long !)
To: stylin19a
I think the authors point went right over your head and parted your hair. Read it again.
To: stylin19a
figures lie, liars figure...
Bttt
118 posted on
09/23/2006 5:41:33 PM PDT by
1035rep
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