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anyone see Jim Cramers meltdown over the fed?	by tesla_koil	2007-08-08 08:10:38
Didn't see Cramers, but	by binkley	2007-08-08 08:19:02
I tend to agree if they were speculating. I know it's a bit difficult to tell. When I got into the market >20 years ago the rates were much higher (approaching 10%) and the qualification rules were just plain ridiculous (28% of income toward PITI). That kind of prevented a lot of what we are seeing now, which is circumventing that kind of qualification process through the teaser rates. On the other hand, the markets financial and real estate are much more transparent than they were back then, and information is much more available. Buyer beware.. so I guess I pretty much agree.
[ Reply ]
hmm	by tesla_koil	2007-08-08 08:24:24
20% is hard for first timers	by hyzenthlay	2007-08-08 08:34:08
true but 20%	by tesla_koil	2007-08-08 08:38:40
It was a game of musical chairs	by esbita	2007-08-08 08:48:50
I do not think i understand the shell game	by tesla_koil	2007-08-08 08:57:12
I'll spell it out, then.	by esbita	2007-08-08 09:21:42
Heh. My rent's been the same since I moved in (n/t)	by SnArL	2007-08-08 09:51:02
Consider yourself lucky	by DesertRat66	2007-08-08 09:52:54
Mine was, until recently.	by esbita	2007-08-08 10:01:55
Hard to save that much and still have	by hyzenthlay	2007-08-08 09:06:08
Depends on the market, house you're buying etc.	by DesertRat66	2007-08-08 09:17:39
I think a lot of people don't expect to	by voxwoman	2007-08-08 13:07:34

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