Yep; we’ve been talking about this for over a year.
As I keep telling everyone, get out of debt and stay out of debt; the roller coaster ride has yet to begin and many will be finding themselves in a lot of hurt and troubles if they don’t wake up to these red flags.
You assume that everyone is stupid and is up to their ears in debt. 40% of homeowners have no mortgage debt. Many of the ones that do have mortgages are not stupid and don’t sign up for interest only loans or ARMS that they can’t afford.
Are there people out there that are stupid? Yes! Are they going to be in trouble? Only if the government doesn’t step in a pull their bacon out of the fire, which they will probably do.
Doom, gloom we’re all going to die! If I wanted that news I’d watch CBS,ABC,CNN or Shepard Smith.
You seem to put yourselves in this exclusive little club where only the members have brain cells.
Not only that but build some capital to take advantage of the enormous opportunties that will be there for the taking.
BUMP