On Mar 23, 9:17 am, "catalpa" wrote:
> "Melinda Meahan - take out TRASH to reply" wrote in
> messagenews:4603b33f$0$27165$742ec2ed@news.sonic.net...
>
> > It's not up for sale right now, but when they sold it a year and a half
> > ago they had a buyer in just a few days.
>
> > bearc...@cruller.invalid wrote:
>
> > >> The house next door was appreciating at approximately $50K a year for a
> > >> number of years there, now worth about $550K.
>
> > > And how many buyers have made an offer?\
>
> A year and a half ago was a completely different real estate market.
A lot of those risky loans were packaged and sold to investors. We
all probably own a some in our 401Ks.
The lenders that came up with these new loans and the mortgage brokers
who fudged peoples incomes have already gotten their money out.
Vin - On-line Vintage Bicycle Price Guide
http://OldRoads.com
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