Investing
Understanding the Credit Crisis…
Or why the subprime meltdown could mean a world of hurt for us Americans.
As is often the case with innovations, though, there was soon too much of a good thing. Those same global investors, flush with cash from Asia’s boom or rising oil prices, demanded good returns. Wall Street had an answer: subprime mortgages.
Because these [...]
Robert Kiyosaki and the housing market
“Do you think the Federal Reserve should intervene to save the economy by dropping interest rates?” My reply then as well as now: “No. This is a capitalist system, not a communist one. Anyone who expects the government to bail them out every time their greed and stupidity causes them to lose money is being [...]
The scariness that is mortgage lending…
Taken from the Prosper.com forums:
(The full post)
One of the things I’ve observe walking the neighborhoods in my neck of the woods is the push effect caused by loose lending standards.
There was a neighborhood of $150K to $200k homes I walked that had become populated by what appeared to be ghetto people. It was once populated [...]
