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Old 11-08-2007, 08:03 PM
scotchnrocks scotchnrocks is offline
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Join Date: Mar 2006
Posts: 808
Default Re: Real estate newbie

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The true real estate investors are going broke right now. Looking for ways to walk away from their mortgages, all 10 of them. Biggest housing bubble in the history of mankind, mortgage rates are creeping back up, banks don't trust each other nor do they trust anyone right now, which is making it even more difficult for anyone to secure a loan right now.

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The true real estate investors sold out a few years ago. Do you think anyone with a decent head on their shoulders couldn't figure out that some parts were in a huge bubble in 2002-2005? And virtually anyone with 20% down, good credit, and a stable job history can get a loan right now.
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