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From the: Department of the Blindingly Obvious	by evil_andy	2006-11-19 12:55:59
First the dot bomb bubble burst	by DesertRat66	2005-08-09 09:18:49
the last "market correction" was appx	by voxwoman	2005-08-09 10:07:32
13 years ago; maybe 12 years ago. I was forced to sell a house (divorce stuff), and I wound up losing about 25K on the deal. What economists are worried about now is the trend towards financing 100% (or more) of the value of the house, and "interest-only" mortages which can also cause negative amortization. The people who are in that situation are not in a good position if the market corrects itself and they're holding notes for way more than the value of the house. Especially now that the bankruptcy laws have been revised.
[ Reply ]
Up here I don't think you can get a interest only	by techi870	2005-08-09 11:33:58
well in the good ole' eww ess oof aih	by voxwoman	2005-08-09 13:20:17
The lady trying to sell us our mortgage	by thread_killer	2005-08-09 14:24:33

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