patrick.net

Now should they go so far as to call me Satan?

DL is not nearly as bad. He is probably just doing his job.

If there is a villain behind the bubble it would have to be human greed.

Mom, you have to have thick skin. ...

... if you start crying every time I lie, you will run out of tears.

"He is probably just doing his job."

They said that about Goering too.

Wait, wait... this just in:

David Lereah's mom has just issued a formal response to her son's critics:

This is a 26-year old that could not afford a townhouse and blamed it on the boom.

Yeah... who told him to be born in the wrong year. His fault for not being conceived 20 years earlier.

I think in the last thread, it said that in the ol' days, 20 year mortgages were the norm.

Then it was 30.

Will 40 (which is already offered with great abundance here) be the next permanent hotness?

At the end of the day, there's really nothing to stop it from happening...

HARM :

I thought his mom was ashamed of him.

"Will 40 (which is already offered with great abundance here) be the next permanent hotness?

At the end of the day, there’s really nothing to stop it from happening… "

Japan did have an outbreak of the 100 year mortgage during thier bubble

At the end of the day, there’s really nothing to stop it from happening…

Why should it not happen ? I have said before, if someone is willing to give me a loan of 1M at 5% for 100 years I will take it right away.

StuckInBA,

No, no, no. She was upset to see her precious little angel so brutally attacked for no reason whatsoever. How could anyone gaze upon this cherubic mug and not feel the love...??

PaloAltoRenter (PAR) Says:
Does HARM stand for hybrid adjustable rate mortgage?

No, it stands for "Homeownership Affirming Righteous Mercenary".

Will 40 (which is already offered with great abundance here) be the next permanent hotness?

At the end of the day, there’s really nothing to stop it from happening…

Good point. I could see it happening. People are living longer than ever and most will not be able to afford to retire. If the average person buys a house at age 35 or so, the mortgage could actually be paid off during their working years (if they retire late due to future problems with social security). But the reality is that most people will never pay off the mortgage. They will sell or refi long before owning the house.

They will sell or refi long before owning the house.

....or foreclose.

"Tear" would be completely appropriate, given the thread's subject matter.

This is the Scarlett O’Hara scenario: “I’ll think about that tomorrow.”

That's a good one too.

I'm sorry, but I feel the need to share this:
http://tinyurl.com/yrphzg

SFWoman :

Thanks. Now where did YOU find that story ? :-) And what comments !

David Lereah is a caricature of that guy in the movie, "Thank you for Smoking".

He was fined €2,000 for bringing the donkey to the room under the Unlawful Accommodation of Donkeys Act 1837.

They made it a law since 1837? :lol: This must be very popular over there for over a decade!

I have said this before. David Lereah bears an uncanny resemblance to Bob Saget. However, although both can be somewhat repetitive on the air, at least Bob Saget is occasionally funny during live standup.