Quote:
Originally Posted by goof2
It is, but as I said in my above post they thought the house would continue to have big gains in value every year. They would make almost as much as the suckers with substantial down payments and (temporarily) higher fixed interest rates, only they would have extra money to fill the house with furniture and electronics (that they also bought on credit). As I said in my first post there was plenty of greed on both sides.  |
You and I are in total agreement