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0% Down, 100% Chance of Trouble

By: capt_nemo in FFFT3 | Recommend this post (3)
Fri, 06 Mar 15 9:24 AM | 56 view(s)
Boardmark this board | Food For Further Thought 3

Msg. 09893 of 65535
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We learned nothing from the last boom, chezzzzzzzzzzzz

So, zero down payment loans to low-income borrowers with basically no cash reserves, on properties least likely to increase appreciably in value, and probably most likely in need of repairs.What could possibly go wrong with this set-up?

Comments: 78
Reads: 10,152
http://www.zerohedge.com/news/2015-03-05/0-down-100-chance-trouble

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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