For The Man on the Spot Ketchim: Is This True or Not?

http://www.counterpunch.org/2012/09/11/c...-to-burst/

No !

we are not America....

Fiscal management is top notch in our Housing sector :

including Mortgage rates and Owner Equity.

Prices will Decline as Demand stumbles :

But NO institution is gonna finance you 100 % !

In addition every high priced home Purchase is being :

independently Appraised before mortgage approval...

Some owners purchasing half a million and up is being asked :

to put a minimum of 20 % down payment !

I just structured one with 400 K in shares of the buyers company :

Vendor take back of 500 K

and mortgage of 2 million :

with 100 K down stroke .

De Bank rejected the Loan  :wink:

Cant getting nutten past  ::lol:: ::lol::

In New York , the Bank wouldda pop a Bokkel Champagne :

and stamped " Approved " 

see maps I told you guys yall reading too much thrash on the punch and huff


you and kwami

ok!  i will trust your word instead of running out in the street bare-backed and screaming, ready to jump.


that Mike Whitney fella is very bright but he is a bit of a socialist nut who does not  do the that project any favors by being himself :angry:

[quote author=The Captain link=topic=71033.msg440195#msg440195 date=1347387912]
see maps I told you guys yall reading too much thrash on the punch and huff


you and kwami
[/quote]


hol' on cappo!  I asked did I not?


wat am I a moron...I know when to ask!


yet there are factors that ketchie does not comment on that are crucial..like the debt ceilings surpassed.  that is a horrible sign indeed!

but that can be explained by other factors but we have to know what the debt expenditures were..if in fact Harper was stuffing the CHMC by gorging on mortgages?

The measures taken re Debt ceiling :

Amortization has been chopped by 10 years :

You can no longer get a 35 year or 40 year Loan.

Maximum 25 ...

Soon that may be reduced IF household Debt continues climbing !