Quote:
Originally Posted by L-Pink
The woman in the article borrowed $600,000 on a home she paid $135,000 for just a few years before!? And banks gave it to her. That's a half million dollars she spent. Multiply that in various amounts across the nation and look how false our "booming" economy really was.
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Now she's bitching because she blew $600k and has nothing to show for it, cry me a river!
I just bought a short sale where the owner bought the house in 2001 for $157k, put nothing down, refinanced on 2006 for $275k and hasn't paid them a dime in the last 8+ months while it sat on the market as a short sale. He makes out like a bandit and is renting the house back from me for $1000 a month.
I doubt he has a dime of that money he got when he did the refi unfortunatly for him, but he still has the same job as he's had for the last 10 years and I got 12 post dated checks!
