patrick.net

 
  forgot password?   register

#housing #investing #politics more»
736,630 comments in 75,785 posts by 10,928 registered users, 6 online now: Goran_K, Kepi, NuttBoxer, Patrick, sagacious1, Strategist

new post

Cheap money fuels Wall Street's bets on housing

By tovarichpeter   2013 May 2, 1:26am   185 views   0 comments   watch (0)   quote      

http://news.yahoo.com/special-report-cheap-money-bankrolls-wall-streets-bet-110359890.html

By Matthew Goldstein LAS VEGAS (Reuters) - Michael Marchillo, a plumber, has been trying and failing for months to buy a bigger home for his family here in Sin City. He was pre-qualified by a bank for a $130,000 mortgage, which a year ago would have landed a typical three-bedroom home in the area. No more. Now, the 36-year-old says, it's hard to compete with "greedy investors" who come to the table flush with cash for quick deals. Marchillo is on to something.

#housing

users   about   suggestions   contact  
topics   random post   best comments   comment jail  
patrick's 40 proposals  
10 reasons it's a terrible time to buy  
8 groups who lie about the housing market  
37 bogus arguments about housing  
get a free bumper sticker:

top   bottom   home