LeftLiberalSoCal (November 30, 1999 at 12:00 am)

Banks are in the renting industry?

PhuckHue2 (November 30, 1999 at 12:00 am)

the rich are making a killing with all the foreclosures. they are buying everything and renting them out

zenithomega19 (November 30, 1999 at 12:00 am)

mortgage, it's called SARCASM. idiot

Thunderwavia (November 30, 1999 at 12:00 am)

You could buy some high quality diamonds as a form of wealth protection. Gold and silver is heavy, and may be confiscated, but high quality diamonds! Once the Sh$t hits the fan, hyperinflation and all that crap. No value in a paper fiat currency, and real estate. So, consider buying a few high quailty diamonds. During a credit housing crash, real assets, especially diamonds would rise. Also they are easy to carry, say during mass social unrest in starving cities, you can also swollow them.

dispatches67 (November 30, 1999 at 12:00 am)

Mr Mortgage - You back up your analysis with pretty solid stats, and the Irvine blog, although anecdotal, shows that once was blue ribbon california real estate, going into a tailspin. In Calgary, we're seeing tightening credit and the effect of rising oil prices (gas approx $5.50 CDN a gallon) softening the real estate market - and this is "the" bubble "oil" economy of Canada. In other words, the real estate market is suffering globally. I'm saving and waiting. Andrew

stinkypoon (November 30, 1999 at 12:00 am)

mortgagetrader, your sarcasm detector is broken you twit.

sheiki22 (November 30, 1999 at 12:00 am)

When will those discounts come to the northeast??? The prices are still too high there.

mortgagetrader (November 30, 1999 at 12:00 am)

bdrasinDid they call you "The Scarecrow" as a kid, or just as an adult? Read my post a few down from yesterday. At least we agree on one thing.Spelling and grammer is another matter..."Your a smart guy"?How about "You're a smart guy"?Too bad neither the Dorothy or the Scarecrow are "well informed"...My advice to you both:1) Follow the Yellow Brick Road2) Watch out for flying monkeys3) Be very afraid once you get to Oz.M-Trader

bdrasin (November 30, 1999 at 12:00 am)

Your a smart guy and well informed, so it really shocks me that you would say this. This is like a recovering junkie in the shakes of withdrawl says "just give me one more dose, problem solved...". The exotic loans don't actually make places more affordable, they just allow you to pretend that you can afford it for a few years.

Repomex01 (November 30, 1999 at 12:00 am)

Yeah I guess I should have did my salary X 5 and stated no doc back in 04 my exotic loan in your exclusive gated "hood" would be waaaayyyyyyy upside down.. DAMN I wish I had your Investment Banker grade I.Q.,., ,, my sister is a realtor and her husband is ,, Im sorry used to be,, No used to own a Mortgage (middleman broker) company , he now sells cars she cuts hair