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Greg B · 03-21-2006, 07:54 PM

ABC News just ran a story on homeowners due to lose out big.

As the interest rate discounts run out and their rates go up about a million will lose their homes and 700,000 will lose from foreclosure over the next few years.

Gadzooks. It's like being a homeowner is some scary shit.

Didn't Lensman predict this would happen not too long ago?

It doesn't look like a real estate bust by a long shot but more of a people who bit off more than they could chew and made the mistake of 'hoping' something good would happen from out of the blue.

How bad is it really?

03-21-2006, 07:54 PM
Greg B So Fucking Banned Join Date: Jul 2001 Location: EARTH (for the time being) Posts: 7,014	ABC News: Homeowners losing and defaulting ABC News just ran a story on homeowners due to lose out big. As the interest rate discounts run out and their rates go up about a million will lose their homes and 700,000 will lose from foreclosure over the next few years. Gadzooks. It's like being a homeowner is some scary shit. Didn't Lensman predict this would happen not too long ago? It doesn't look like a real estate bust by a long shot but more of a people who bit off more than they could chew and made the mistake of 'hoping' something good would happen from out of the blue. How bad is it really?