Vegas homes to fall 25% more

Hmmm, I might have to think about buying. Do you have stupid laws prohibiting foreigners buying your real estate?
 
no we look for suckers all the time when our assets get too inflated.
The chineese to a lot of junk off our hands in the 90's
 
Wow , 25% is just what I told someone recently as a guess as to how much Vegas would fall. Damn Im good. Im so gald I have no reason to sell for years. I am thinking about renting my house out and buying a fixer in a year or two. I love to clean a place up and make it shine. This place is going to be way to big for me and my hubby when the boy joins the airforce next year.

I better go check the inland impire in Cali for my other house. I may need to raise the rent.
 
Spinner, why is your GED brain posting all this negative economic stuff ?

More millionaires than ever before :clink:
 
http://www.economicsbriefing.com/2007/11/bankruptcy-law-backfires-on-banks.html


Here is an interesting tid bit about how the bankruptcy laws the banks drooled over a couple of years ago may be backfiring on them.



In 2005, banks pushed agressively for a revised bankruptcy code that no longer allows people to walk away from credit card bills. The result: the new bankruptcy laws are helping drive foreclosures to a record as homeowners default on mortgages, rather than stop paying their credit cards.

Richard Fairbank, chief executive officer of Capital One Financial Corp, tells Bloomberg that "Of customers who are at least three months late on their mortgage payments, 70 percent are current on their credit cards."

"What we conclude is that people are saying, `Honey, let the house go,'' ' but keep the cards, Fairbank said Nov. 5 at a conference in New York sponsored by Lehman Brothers Holdings Inc, according to Bloomberg.
 
USMORON,
Ulike you I post positive an negative, you really shouldn't have shunned school soo much. But you were one brave mofo to go to nam.
 
Anyone remember the S&L collapse. It was for the same reason we have problems now. too much risky loans. Strange that the regulations were changed on banks to let them do these types of loans after what we saw it did to the S&L's....
Butt deregulation is always good :rolleyes:
 
all that creative financing crap totaled how much? 10% of total new loans over the bubble period?
 
both parties make mistakes
I don't blame Clinton for the morons lending to taxi drivers to buy 500,000 houses.
All bubbles pop.
 
The S&L crisis and the current situation were both caused by government regulation. That is, complete government regulation of the money supply and compounded by government protection of and consent to fraudulent bank practices.
 
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