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yannchambrier (November 30, 1999 at 12:00 am)
Crocodile tears for those who lived beyond their means, for the banks gave out mortgages without down payment and for the rating companies who gave a AAA rating to these bad debts.
VegaV77 (November 30, 1999 at 12:00 am)
since point in the vid but next time right click your audio track and turn it down a little
sctullie (November 30, 1999 at 12:00 am)
Montgomery Al still a good investment.
forrest2city (November 30, 1999 at 12:00 am)
Too much hands where dipping in the housing market. The lenders, the real estate agent and the flippers.The houses are smaller land space is not much inferior materials yet the price i beyond most people
SlyJunt (November 30, 1999 at 12:00 am)
How did you know?
ChiefHumpingDog (November 30, 1999 at 12:00 am)
INDYMAC BANK IS NEXT. MARK MY WORDS.
Creator01 (November 30, 1999 at 12:00 am)
No, people bought homes to make money, creating artificially high demand. They were speculating.
kea444 (November 30, 1999 at 12:00 am)
I heard a lot of banks don't bother with foreclosures - they just leave the property in default & let the owner stay there. The story was the properties are worth less than the mortgages so why let them sit empty & get vandalized when they can keep it occupied until prices go up & then foreclose & not take a loss. Any truth to this?
Oh, and if you can't plan to afford 10-12% interest over a thirty year mortgage, you're an idiot & should lose your house. Doesn't anyone else recall 20% spikes?
wanz808 (November 30, 1999 at 12:00 am)
bullshit!!!politicians made fucking housing prices sky rocket in year 2001 with the help of the wallstreet warmachine, people tried to buy anyways so they could have a place to live and be happy! but thats something politicians don't want! they want poverty homelessness misery and genocidal fucking conflicts.
thats what leaders are, conflict strategists! thats all they do! and thats all group leaders are for.
ourearthhome (November 30, 1999 at 12:00 am)
Speculation is part of all societies and economies throughout all time. Commodity speculation is especially inviting and is what is going on now with oil. Land speculation is the grandfather of all speculation because land is relatively fixed in supply more than most things on top of which it is an absolute necessity for every human activity. Land speculation is the dirty untold story in American history. You deny it because it is forbidden to be taught. Mission accomplished for speculators. |
