06-06-2011, 03:58 PM | #61 | |
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Real Estate always goes up in value.
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06-06-2011, 03:59 PM | #62 |
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It does after it has bottomed-out and you got it at fire sale rates.
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06-06-2011, 04:12 PM | #63 | |
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It is highly likely that the properties that they take possession of on that day will turn appreciate.
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06-06-2011, 04:14 PM | #64 |
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It certainly worked for the people who did that very thing, during and after The Great Depression.
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06-06-2011, 04:16 PM | #65 | ||
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Quote:
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06-06-2011, 04:31 PM | #66 | |
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06-06-2011, 04:36 PM | #67 | |
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Of course no one is going to put a gun to your head to make you sign the dotted line, but that wasn't the problem. The issue is that now he cannot refinance to a fixed rate because the value is 50% of what it was only a few years later. These people defrauded investors IMO and many should be in prision.
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06-06-2011, 04:45 PM | #68 | |
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The above is not an example of it.
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06-06-2011, 04:51 PM | #69 |
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06-06-2011, 05:15 PM | #70 |
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Because he mentions a variety of different issues that are not necessarily correlated.
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