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    • Sat Dec 22nd 00:17 AM | Rating: 0 0
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      Foreclosures Have Peaked and It's Time To Buy? Not So Fast
      Hey people.. I think its the buyers fault for the majority of this mess.. We buyers want to have "realistic" house payments.. so to do this we are looking for the LOWEST possible payment we can get.. the only problem with this mess is we let Mortage brokers tell us that we can have our "cake" and eat it too.. all at a really low rate.. ---for now-- then five to ten years later you will have to pay more since its an Adjustable rate loan.. Yeah.. I was smoozed into that one 10 years ago.. I had the house for 4 years then all of a sudden my payment went thru the roof.. I was told by the Broker "oh by that time you will be making more money at work..blah blah.." Long story short I fell for it.. and before I knew it I put that thing up for sale.. took me 10 years to buy again.. and this time that Cat will be """ FIXED"""... I feel that many people fell into the trap of "ARM"S.. and are trying to get out.. or at least refinance as fast as they can or face forclosure.. the only problem is that wonderful house that used to cost you less now costs billions...

      Yes it's us consumers problem.. for not getting a fixed rate to begin with.. even though its gonna cost like a "mother" to have it.. but sometimes ya have to do what you got to.. I know Ive lived thru this mess... and dont have tons of cash with dust layin on it to throw towards a new home..

      Im one of the lucky ones that found a great home for alot less. (repo) almost 1/2 the price of just a town home down the street ($350-475K)
      (glorified apartment complex) is what that is.. I mean how do you justify having no side windows on the thing.. and only a brick wall to seperate you from your neighbor.?? and NO yard..??? Hello.. Ill take my 4 bedroom home with 20 to 30 foot space between houses any day over that..

      I like the idea of space between us in case there is a fire.. unlike a neighborhood that just went up in Atlanta (over 8 family's are now homeless) all because they jam those mansions that should be on 5 acres of land. They put 4 houses so close to each other all you have to do to teleconference your neighbor is stand at the window.. its that bad.. all at the price of $800K+

      I think many people think they need to live like all the other hollywood crowd that they see on tv.. but that Mc Donalds just aint gonna pay ya enough for it.. so we get suckerd into the lowest payment plan we can find.. its so sad... that we have Ceo's that rape the company then it dies and they go to another to do the same thing.. its horrible what "legalized" theft that goes on.. And dont get me started on the Lottery...

      Yall have a Merry Christmas and New Year!
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