Loading ...I wonder how many will get into a ARM loan hoping the interest rates drop back down. Pre 2008 there were predatory Refi ARM loans and con games going on including people coming from off the streets to get in on it.In Calif they didn’t even need a high school diploma, they even had people from Mexico come over to do it. Then the lending dried up. It was like the sudden quiet before the storm. My neighbor told be they lied to her. Because the lending stopped people needed to sell but people couldn’t get a loan to buy it.
We got the same kind of get rich quick type people that drove the prices up now.
Like that video, instead of dropping rental and home prices back to reality they think they can wait for wages to catch up to what ever price they dreamed up. Do they got 20~30 yrs to wait? That’s stupid. Not only that we’re heading for a recession.
Buygold
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