Forclosures
 

There's alot of deals out there... they're gonna be 2 classes of people within the next few yrs. The middle class will be wipped out, either you're rich or poor :2 cents:

Yeah for sure.

I'm talking about drawing a line in the sand dude...

Geraldo ?????

And that always spells the end of any "empire". The fall comes even faster when there are far more rich than poor. The "Top Heavy" powers historically sink faster than the Titanic.

I agree the middle is shrinking some, but there's still a vast majority of the middle class that didn't over extend themselves with a sub-prime mortgage... Not to mention the govt is bailing a bunch of the dumbasses out...

makes me want to go shopping

Yea, but there are restrictions... if you were subprime you would have had to purchase within the next 2 yrs and that's only if you are scheduled to reset between 2008-2010. I saw that on CNN earlierInvestors, speculators won't be bailed out http://money.cnn.com/2007/12/05/real...ion=2007120603

Sorry to say, but thats not what will happen in the US.

Far fewer rich than poor, and historically, the peasants will rise and take from the rich, with a LOT of blood shed.

word! Wise observation

oh yeah? And who is going to lead an American farmer into a class war?

True dat

That would be nice, but the current way the "peasants" are letting the rich walk all over them ...

Yeah, I guess there will have to come that point of being REALLY fed up

ummmm... we have had stuff triple in the last 10 years so even if we fall back 50% most people will still have huge equity. Seriously look around you. People with 2 cars, big screen TV's and all the shit americans have are not poor.

[QUOTE=slapass;13482895]ummmm... we have had stuff triple in the last 10 years so even if we fall back 50% most people will still have huge equity. Seriously look around you.
People with 2 cars, big screen TV's and all the shit , Have payments on all those things, so its not all as it seems:2 cents:

I also agree with JFK's post... most of America is living in debt trying to keep up. We are not average American's :2 cents:

Wikipedia - The United States is one of the richest countries in the world (2nd behind Kuwait), and in 2000, the mean wealth was $144,000 per person. Don't believe the late night hypesters, America is a very rich country. Just less rich now. :winkwink:

It makes me go shopping or it makes me just go around. It make me also just rest the whole day. lol