Comments on: High end homeowners used ARMs too http://polizeros.com/2007/04/20/high-end-homeowners-used-arms-too/ Musings on politics: anti-war, global warming, peak oil and otherwise Thu, 08 Jan 2009 13:56:01 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Thomas Ware http://polizeros.com/2007/04/20/high-end-homeowners-used-arms-too/comment-page-1/#comment-133115 Thomas Ware Fri, 20 Apr 2007 16:28:00 +0000 http://polizeros.com/2007/04/20/high-end-homeowners-used-arms-too/#comment-133115 This is a surprise? Out here in the second hottest regional economy in "the nation" there is suddenly a plethora of motor homes, boats and (f_cking) Hummers for sale, and a stench I haven't smelt since they started putting slot machines in the bars. There's nothing quite as humorous as watching someone who knows they've lost the rent continue to gamble. A couple of condo projets nearing completion 'round here made initial offerings of a mil-plus. One reports no sale, another now starts at seven-fifty... still empty. giggle, snort This is a surprise?

Out here in the second hottest regional economy in “the nation” there is suddenly a plethora of motor homes, boats and (f_cking) Hummers for sale, and a stench I haven’t smelt since they started putting slot machines in the bars. There’s nothing quite as humorous as watching someone who knows they’ve lost the rent continue to gamble.

A couple of condo projets nearing completion ’round here made initial offerings of a mil-plus. One reports no sale, another now starts at seven-fifty… still empty.

giggle, snort

]]> By: DJ http://polizeros.com/2007/04/20/high-end-homeowners-used-arms-too/comment-page-1/#comment-133107 DJ Fri, 20 Apr 2007 14:32:41 +0000 http://polizeros.com/2007/04/20/high-end-homeowners-used-arms-too/#comment-133107 So maybe this was an equal opportunity blunder? Though I tend to think it was more likely people pushing to own more home than they could afford, thanks to a culture that values a person based on what he or she owns, drives, wears, and lives in. So maybe this was an equal opportunity blunder? Though I tend to think it was more likely people pushing to own more home than they could afford, thanks to a culture that values a person based on what he or she owns, drives, wears, and lives in.

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