Posted: 8/2/2007 9:27:32 PM EDT
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Best part is at the end with the guy talking about the GDP www.youtube.com/watch?v=-rLYph0J7vc |
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A good vid explaining the ARM subprime thing www.youtube.com/watch?v=0YNyn1XGyWg |
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Blatant Propaganda, and not very well done. The really strange part is that it doesn't even present a uniform message. The first part deals with houses losing value: Message is: Don't buy. The part at the end claims that the Dollar has lost 30% since 2002. Message: Buy. The best thing you can have during an inflationary period is a long term, low fixed rate loan. Potential buyers who are waiting for rock bottom, would do well to remember the 30% devaluation (inflation) of the dollar. 2002 prices are not going to return to most markets. At best, it will be 2002 prices, plus 30%. Things are never as good, or as bad as the hype. At the end of the day, people still have to live somewhere. Most people with good jobs will chose to maintain the tax advantages of a mortgage, rather than rent. |