HOMEOWNERS ARE DROWNING
source: http://www.nypost.com/seven/03052009/news/regionalnews/homeowners_are_drowning_158090.htm
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- gooma2
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One of every five US mortgage holders is "underwater" - owing more to the lender than the home is worth, a shocking new study found yesterday.
So far, New Yorkers have weathered the storm better than any other state. But this could change as fallout from the Wall Street meltdown spreads, research found.
Nationwide, some 8.31 million properties had "negative equity" at the end of 2008.
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- gooma2
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mmob221
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I don't think anyone should get a free ride but why not just suspend all the adjustable rate nonsense and keep rates at a steady pace to give people a chance to pay the debt. From what I have heard many of the people going into foreclosure have mortgages payments that went sky high once the rate increased.
- 3 years ago
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mmob221
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Ihatethemall
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mmob221:
no one forced them into it....ever hear of personal responsibility?
- 3 years ago
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Ihatethemall
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poosta7
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Like everyone else I hate to give things back that I borrow and pay back money people have loaned me. But hey, this America. Why should I? I am off to get another credit card and max it out....
- 3 years ago
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poosta7
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resolute
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poosta7:
When you start reaping what you've sowed, you'll return things. Stealing exacts double from your 'karma' bank account.
There are reasons for doing good even if noone else is. - 3 years ago
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resolute
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resolute
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The lenders should forgive the debt.
http://current.com/items/89867006/babylonian_tablets_have_answer_to_economy_woes...
- 3 years ago
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resolute
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