Follow 233 comments Followed by 1 Following 0 Ignored by 0 Ignoring 1 Ignore Oxygen
Registered Apr 14, 2011
Oxygen's most recent comments:
- On Fri, 9 Oct 2015, 4:36pm PDT
Homes as ATMs: It's starting again,
well, a recession occurs every 7-10 years, so now is the best time to cash out and then file bankruptcy when China implodes in 2 years or so.
- On Sun, 5 Apr 2015, 5:55pm PDT
The trader who gives half his earnings away,
no i will not buy his book.
- On Mon, 5 Jan 2015, 12:26am PST
Is this new house loan the "game changer"?,
one of the comments that i agree with:
"This sounds like a strategy to sell unproductive crap property that resides in crap neighborhoods, so banks can make more money through the creation of this new loan program."
also, these banks are are locking in borrowers on money that the bank would not otherwise make. marginal income is better than no income.