From W C Varone's Blog:
It's 2004 or 2005. You want to get rich quick in the real estate boom. So you buy a house that would normally be out of your price range, except for the creative financing your mortgage broker found you. You get an ultra-low initial interest rate. Sure, it will adjust upward in a few years, but who cares? You can always refinance, right?
WRONG!!!
And from Marketing Matters:
It's about time, but real estate speculators, one by one, are being taken out back and shot.
And as a refresher, don't forget this delightful story from California.
Sunday, March 11, 2007
More blogging about the housing market
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