torgo_x forwarded the
most clear and forceful explanation of how really bad mortgage ideas work, and why the current situation can't end well. Math is hard, and optimism is easy. I'd guess a lot of the people who do this think of themselves as risk-takers who are going to win. I wish them all luck tripling their incomes in the next five years
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I'm curious to see if the wealthy elite of OC won't take it as an opportunity to pick up a whole lot of property on the cheap when everything bursts. Just imagine... a whole new era of landlord driven real estate in Orange County. Yeah.
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I love the Pacific Rim.
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I'm just looking forward to brushing up on my tonal language skills.
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