|
This is an interesting discussion, except that KG8 started (& continued) it sounding like a Doomsday Prophet who just relishes the thought of being correct.
No offense meant to you KG8 but your style here isn't pleasant (you blow too hard & not quite rational IMO), I had to skip read your postings.
We also have Mortgage Insurance, which protects the lender, which as far as I know is a must requirement for mortgages that start with low equity. In the event of many people defaulting this would have effect on the underwriters.
Basically I think we don't have to worry as much. House prices probably won't fall as drastically.
Last edited by csb; 15-04-2008 at 11:40 PM.
|