There it is people. Please do not blame me. I am only the messenger. Take a peek at this map and hit the link. It details the initial regions of the U.S. most likely to suffer in the coming tsunami of forecloures:
Want to learn a little bit more? Just hit my FR page. Want to study the the big picture in detail? For all the naysayers out there: "Nothing to see here. Lock your doors and windows. Time to move on."
1 posted on
09/05/2006 2:01:48 PM PDT by
ex-Texan
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To: ex-Texan
It looks like California might just be a good hunting grounds for sweet real estate deals in the near future.
2 posted on
09/05/2006 2:03:33 PM PDT by
TChris
(Banning DDT wasn't about birds. It was about power.)
To: ex-Texan
Please do not blame me. I am only the messenger. I do blame you, this is 100% your fault.
3 posted on
09/05/2006 2:05:03 PM PDT by
Graybeard58
(Remember and pray for SSgt. Matt Maupin - MIA/POW- Iraq since 04/09/04)
To: ex-Texan
Cool. I've always wanted a place in Long Beach.
4 posted on
09/05/2006 2:05:22 PM PDT by
1rudeboy
To: ex-Texan
That Business Week article is a total hatchet job and fear-mongering piece designed to sell magazines.
5 posted on
09/05/2006 2:05:24 PM PDT by
Dems_R_Losers
(Meet the new dictators of America.....Bill Keller, James Risen, Eric Lichtblau, and Dana Priest)
To: Hydroshock; GodGunsGuts; M. Espinola; durasell; Mini-14; Calpernia
6 posted on
09/05/2006 2:05:44 PM PDT by
ex-Texan
(Matthew 7: 1 - 6)
To: ex-Texan
I never could understand the attraction of ARM's. When we refinanced to a lower rate, we went for a 15 year fixed.
8 posted on
09/05/2006 2:06:01 PM PDT by
Clintons Are White Trash
(Lynn Stewart, Helen Thomas , Molly Ivins, Maureen Dowd - The Axis of Ugly)
To: ex-Texan
There it is people. Please do not blame me. I am only the messenger. Why not blame you? You've repeated the same thing for many months.
10 posted on
09/05/2006 2:06:27 PM PDT by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: ex-Texan
No sources listed for the map...
11 posted on
09/05/2006 2:06:32 PM PDT by
durasell
(!)
To: ex-Texan; Mase; nopardons; Toddsterpatriot; jennyjenny; Fan of Fiat; expat_panama
13 posted on
09/05/2006 2:07:49 PM PDT by
Petronski
(Living His life abundantly.)
To: ex-Texan
Doesn't this just prove that California is the home of millions of people who don't have any common sense when it comes to handling money?
To: ex-Texan
My house is paid off so all I owe are taxes.
15 posted on
09/05/2006 2:09:53 PM PDT by
cripplecreek
(If stupidity got us into this mess, then why can't it get us out?)
To: ex-Texan
So, 40% of 11% of the US population has unattractively refinanced mortgages?
So, in the worst-case scenario we are looking at a 4% default rate.
My, my, how frightening.
16 posted on
09/05/2006 2:10:42 PM PDT by
wideawake
("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
To: ex-Texan; Admin Moderator
Do not spam us with links to your own site. No one likes spam. Is spamming with links to his site okay? Or should he give us all a break?
17 posted on
09/05/2006 2:11:03 PM PDT by
Toddsterpatriot
(Why are protectionists so bad at math and reading?)
To: ex-Texan
I blame you because:
A) You wrote up the concept of wacky mortgages and faxed them to bankers across the country in the middle of the night.
B) You travel the country, like Santa, dropping enticing flyers into folks' mailboxes tauting wacky mortgages.
C)Your fleet of asynchronous satellites broadcast subliminal messages into regular television programs during prime time and the Superbowl.
D)You perform black magic ceremonies naked in your basement with live armadillos and naked loose-limbed dancing every full moon.
19 posted on
09/05/2006 2:11:25 PM PDT by
durasell
(!)
To: ex-Texan
I have an adjustable rate mortgage, does that mean I should some how be feeling miserable right now? Cause I don't feel miserable at all. I actually feel just fine.
I am not stupid, nor am I a fool. An ARM was a good option that has saved me a lot of money. I will be moving to a new home in the next year sometime, so the new financing will be at a fixed rate before my ARM ever has a chance to adjust.
No worries for me.
22 posted on
09/05/2006 2:12:29 PM PDT by
shempy
(EABOF)
To: ex-Texan
This is why when I refinanced, I went with a 30-year fixed.
25 posted on
09/05/2006 2:13:46 PM PDT by
John Jorsett
(scam never sleeps)
To: ex-Texan
Let's see, all those folk who got the 'interest only' mortgages, where they were 'qualified' for houses they no way qualified for - will be left holding mortgages at the same amount they 'bought' for...but now wont be able to give away. Did I get that right?
27 posted on
09/05/2006 2:15:41 PM PDT by
maine-iac7
("...but you can't fool all of the people all of the time." Lincoln)
To: ex-Texan
Not all ARMs were for 1 year period. Smart bankers convinced borrowers to go for 3 year+ ARMs.
They have "limits".
30 posted on
09/05/2006 2:16:16 PM PDT by
muawiyah
To: ex-Texan
When Will the Tsunami of Foreclosures Hit?
uhhhhhhh..............
I'd guess, just after the November elections.............
39 posted on
09/05/2006 2:19:25 PM PDT by
WhiteGuy
(It's about the People Who Count the Votes................. - Wally O'Dell)
To: sauropod
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