Stock Market crash 777 points
09-29-2008, 02:09 PM
#7
Old School
iTrader: (6)
Join Date: Jan 2001
Location: Union City
Posts: 14,983
Car Info: '99 RBP GM6
We still have a ways to go folks.
It's mean, but I'm looking to buy a home/invest in a home sometime next year... no bail out means much tighter credit and that means people with fair or worse credit and no money to put down will not be getting homes.
If the bail out happens, that means the mortgage rate will drop even more and companies will hand out more and more credit to undeserving people... harder for me to find a home I can afford.
It's selfish of me, but I'm looking forward to rock bottom home prices around here and jumping on the mistakes of others.
It's mean, but I'm looking to buy a home/invest in a home sometime next year... no bail out means much tighter credit and that means people with fair or worse credit and no money to put down will not be getting homes.
If the bail out happens, that means the mortgage rate will drop even more and companies will hand out more and more credit to undeserving people... harder for me to find a home I can afford.
It's selfish of me, but I'm looking forward to rock bottom home prices around here and jumping on the mistakes of others.
Oralay!
09-29-2008, 02:11 PM
#11
might go up in the morning due to people buying back on the dips, but will just drop back since the House isn't going to vote on the bailout until Thursday.
And then on Friday u have the jobs report out, which most likely isn't going to be good.
And then on Friday u have the jobs report out, which most likely isn't going to be good.
