Things that make you go hmmm.....

iVillage Member
Registered: 03-16-2007
Things that make you go hmmm.....
42
Mon, 07-12-2010 - 4:35pm
And they talk about having to pay for the sins of the poor.....
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iVillage Member
Registered: 02-14-2010
Mon, 07-12-2010 - 4:39pm

Of course the rich

iVillage Member
Registered: 03-10-2010
Mon, 07-12-2010 - 4:41pm
no...they strategically default. They could honor their financial obligations, but choose not to.

~OPAL~

~OPAL~   onoz_omg2.gif OMG ONOZ image by KILLER_BOB11694

iVillage Member
Registered: 03-10-2010
Mon, 07-12-2010 - 4:43pm

"no...they strategically default."


Exactly.

 

iVillage Member
Registered: 03-16-2007
Mon, 07-12-2010 - 4:45pm

They also

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iVillage Member
Registered: 09-08-2006
Mon, 07-12-2010 - 4:46pm

 

iVillage Member
Registered: 03-26-2003
Mon, 07-12-2010 - 5:02pm

There's an old saying, it's so old that the numbers really need revising, but the basic premise is valid.

 


 


I disagree with you, but I'm pretty sure

iVillage Member
Registered: 02-14-2010
Mon, 07-12-2010 - 5:13pm

They do honor their financial obligations. They pay a higher default premium to cover the defaults.


If only we could get liberals to pay their own way.

iVillage Member
Registered: 04-09-2007
Mon, 07-12-2010 - 5:16pm

They define 'the rich' as someone who took out a jumbo loan, right?


At market peak, a shacktacular tear-down in the scariest part of town was going for over $500K if it was a stand alone structure.

iVillage Member
Registered: 02-14-2010
Mon, 07-12-2010 - 5:21pm

"How is that? Most "rich" people have excellent credit scores, so why would they pay higher interest rates? "


It's standard. With ideal credit an investor will usually pay at least 1% more than the same applicant buying for personal use. It's been that way since time began.


iVillage Member
Registered: 02-14-2010
Mon, 07-12-2010 - 5:23pm

The rich pay their way by paying a higher risk premium than other borrowers.


You disagree or have a question?

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