Russell, it strikes me (mindful of your post on cycles) that the leveraged life-style in housing may "work" for the first two-thirds of a brand-new cycle. After that, it gets dicey.
I should have added: we're beyond the "dicey" stage right now. There is already serious pain for some and much more to come as the major bulk of those ARMS begin resetting next year.
5 comments:
While the information/news is dismaying -- and the trend worse --I'm glad to have it.
A very common statement I have heard over the last half dozen years is "Where do the people get all the money to buy these huge houses?"
Obviously, the highly leveraged life style has its drawbacks.
Russell, it strikes me (mindful of your post on cycles) that the leveraged life-style in housing may "work" for the first two-thirds of a brand-new cycle. After that, it gets dicey.
I should have added: we're beyond the "dicey" stage right now. There is already serious pain for some and much more to come as the major bulk of those ARMS begin resetting next year.
Just working weekends?
Post a Comment