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Re: Re: Re: NOT the LAST WORD on GAS PRICES
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Posted by BobInMN on May 26, 2004 at 21:44:08 from (206.145.27.87):
In Reply to: Re: Re: NOT the LAST WORD on GAS PRICES posted by bo on May 26, 2004 at 20:36:50:
Bo, in my area of the country it seems that most of the housing is being purchased on both the husband's and wife's income. I think if there was a major downturn in the economy and one of them lost their job they would lose the house. How many houses can the banks foreclose on before the bubble bursts? Let me give you another example of what scares me. I've got a young relative who goes to college and works part time. She decided to move in with her boyfriend, who goes to college and works part time. They went to a local bank and qualified for a $100,000 loan to buy a house. Now I know times have changed, but when I was first married and had a full time job the bank would have never given me a loan like that. And, I did not have bad credit.
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