Hard Light Productions Forums

Off-Topic Discussion => General Discussion => Topic started by: Kosh on December 22, 2008, 08:15:55 pm

Title: Get ready for more......
Post by: Kosh on December 22, 2008, 08:15:55 pm

I just came across this nice graph of ARM reset times.....

(http://besthomesellingtips.com/option-ARM-resets.JPG)


apparently in 2011 we're going to get hit by another wave of bad loans, just like earlier this year.



This business may last a long time.

Title: Re: Get ready for more......
Post by: ssmit132 on December 22, 2008, 08:21:12 pm

Well, stop people getting option adjustable rates then! (j/k)

*Reads the post again* Couldn't the banks lengthen the time until reset, then? (We only covered why the credit crunch started in Economics :nervous:)

Title: Re: Get ready for more......
Post by: Nuke on December 22, 2008, 08:53:11 pm

adjustable rates are a joke, they offered me one wt my student loan, i said no! fixed rates are predictable so you know how much money it will cost every month.