The subprime mortgage crisis just the beginning?

First of all, the entire industry IS in trouble. That is true.

However, you're in a GREAT position. The next few years will be the best buyers' market for housing that we've seen in decades. I'm posed to get into it shortly after graduation as well. In the end this'll work out in your favor.

Jam it back in, in the dark.

Originally Posted by Watts

The mere fact that this is mentioned as a remedy make's me want to spend my 600 USD tax rebate check on booze.

One of the last products that you actually can buy American, ironically.

There's nowhere I can't reach.

Originally Posted by Vestin

I love how all these idiots think it's really a "buyers market".

If you ask me, it's a "stay the fuck away from houses" market.

We're running out of oil. People are being laid off and companies are going under because of this. Soon we'll be in an economic depression!

But no, go right ahead and purchase a house. It's smart because pricing is down! You won't lose your house just like everyone else!

Smart!

People are losing their house because they bought houses they couldn't afford. The variable APR gave them the illusion they could for a short term, but anyone with a brain could have seen it was infeasible. House prices are plummeting, and they will go back up. As long as you're not expecting to move in the next 10 years minimum (probably closer to 15-20), it's an amazing buyer's market.

This thing is sticky, and I don't like it. I don't appreciate it.