[EMAIL PROTECTED] wrote:
I disagree that we have dodged the fallout from subprime lending tactics
by lenders.
I agree. I think everyone ends up getting bumped -- by the
same dominos we said were moving our collective lots along
when things were falling the other way, right?
On 5/9/07, Elizabeth F Campion [EMAIL PROTECTED] wrote:
Behaviors improve as people acquire things (like homes) that they fear to
lose.
Home ownership is a good thing, even in 'flat' markets.
Being house proud, having privacy and control, being able to personalize
one's space, roots and
I disagree that we have dodged the fallout from subprime lending tactics by
lenders. The city has been going through a massive increase in foreclosures,
much of it resulting from predatory lending. The mortgage market is no longer
local and mortgages have become commodities traded on Wall
Paul, you are correct.
I wrote with too much passion and haste.
I intended to say we are not seeing problems in the magnitude visible in
the Bush strongholds of Texas and Florida.
I am sincere, in feeling grateful for the people and institutions who
have kept some checks and balances in place,
