To: Beck_isright
I'd bet that the guy in the article could now unload the condo at twice the price he paid (didn't pay) for it and walk away with a nice profit. Fannie will just put someone else in it at the higher price and keep the inflation going. Free housing and free money. Why aren't we all living in Kali?
Richard W.
7 posted on
08/26/2003 6:53:40 PM PDT by
arete
(Greenspan is a ruling class elitist and closet socialist who is destroying the economy)
To: arete
Amen.
8 posted on
08/26/2003 6:57:35 PM PDT by
Beck_isright
(Shenandoah and Blue Ridge will re-emerge as the investment of the 21st Century....)
To: arete
i can top that...my friend bought a house thru the gov't ,paid 40,000 for it..the mortgage is 160.00 a month for her and the taxpayers pay the rest and in 20 years she will own the house but heres the kicker...its considered hers now,so she was able to take 45,000 {yes,45,000} dollars out of the house and use it for whatever....the house is now worth 100,000 but she has a mortagae worth a 100,000 and she can walk away and taxpayers will be left holding the bag,and she got 45,000 in cash!!!!!
10 posted on
08/26/2003 7:03:31 PM PDT by
fishbabe
To: arete
Why aren't we all living in Kali? Because we have standards. Low ones, but standards nonetheless.
18 posted on
08/26/2003 7:41:32 PM PDT by
Orangedog
(Soccer-Moms are the biggest threat to your freedoms and the republic !)
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