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[Apr. 9th, 2007|08:12 am] |
[The housing {Centex}
stocks preceded weakness in the real estate industry by about 6-months.
If the above chart is anything to go by, late Fall and Winter are going
to be panic months in housing.]
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[Apr. 9th, 2007|08:22 am] |
A four-bedroom home near the original Motown recording studio in
Detroit recently sold for £3,700 ($7,000), less than most used cars. A
boarded-up bungalow fetched £685, and a three-bedroom house listed for
£276,000 attracted just £69,000.
.............
.........He didn't read a bundle of documents all in English, his second
language. He was expecting to borrow another $30,000 but the sum
transformed into $70,000, including a $10,000 broker's fee. He already
owed $290,000 from his first mortgage, on a salary of $36,000. His
monthly repayments now equal his salary.
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| My Brain Hurts! |
[Apr. 9th, 2007|08:41 pm] |
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