The economy

[Expensive Date]

Today was a taste of what happens when the dollar rises.It did ,add some bad news market drops. This is a fake rally caused by a weak dollar.If GDP drops 4 th quarter look for a 10% correction second week of January when the number comes out.Did ok today did something I very rarely do I held FAZ overnight from Wen..Sold a little to soon but still had a nice day.

 

[Audiofn]

Don't forget that there is likely to be another round of Arm loans that are going to change over causing more forclosures...

 

[Expensive Date]

Don't forget that there is likely to be another round of Arm loans that are going to change over causing more forclosures...

Its no longer just sub prime the rate of forclosures is growing in conventional mortgages at an alarming rate.Maybe if Dean was here he could explain this to us.

 

[phragle]

whats there to explain, you can't pay your mortgage conventional or otherwise when you don't have a job....

 

[Audiofn]

Its no longer just sub prime the rate of forclosures is growing in conventional mortgages at an alarming rate.Maybe if Dean was here he could explain this to us.

I guess my point is all the people that "invested" in a house, got the ARM loan so that they could afford the place and figured in 5 years they would punch out at a profit. Now they can not sell, still have a job, but can not afford the new rate now that the 5 years is up and the payments are also going to be going up.

I feel lucky in that we purchased BY FAR the cheapest house in our town so I have not been hurt like most. I am still according to our realtor going to basically break even if we sell. Not what you would expect being in a house for over 5 years but much better then the alternative.....