PinkoCommie.org http://pinkocommie.org/ Dissent Is The Highest Form Of Patriotism. Especially Now. ComradeTom@PinkoCommie.org ComradeTom@PinkoCommie.org Dissent Is The Highest Form Of Patriotism. Especially Now. http://pinkocommie.org/pinkocommie.png http://pinkocommie.org/ Dissent Is The Highest Form Of Patriotism. Especially Now. http://www.msnbc.msn.com/id/12975777 As Rates Rise, Home Foreclosures Surge Folks desperate enough, or foolish enough, to get an adjustable-rate mortgage (ARM) are now feeling the squeeze of rising interest rates. As these folks lose their homes, the holding banks, who really don't want to be in the real estate business, will dump them on the market, eventually bringing down prices. Crash! 2006-05-27T19:56:51-05:00 http://www.nytimes.com/2006/04/09/nyregion/09volunteer.html?ex=1302235200&en=f5ea4f027c7a139a&ei=5088&partner=rssnyt&emc=rss Homes Too Rich for Firefighters Who Save Them High home prices are squeezing out the middle class. Rich communities are having trouble finding fire fighters and police officers from their own communities, as these vital professions don't get paid enough to even afford a starter home in the area. Don't worry. They won't stay high for much longer. 2006-04-10T18:24:23-05:00 http://warrenreports.tpmcafe.com/node/28603 A Liberal is a Conservative Who Got a Foreclosure Notice Even some conservative economists are getting worried about the coming housing price crash? Of course, their only concern is how to avoid getting blamed for it. But sure to read through the comments for additional commentary. 2006-04-08T17:43:54-05:00 http://www.usatoday.com/money/perfi/housing/2006-04-03-arms-cover-usat_x.htm Some Homeowners Struggle To Keep Up With Adjustable Rates And so it begins. People with adjustable-rate mortgages (ARMs) are seeing their rates rise and are having problems keeping up with the payments. The result will be foreclosures. Banks, stuck with houses they don't want, will dump them on the market, further reducing house prices. This will slow the housing market even more. And this will start a vicious cycle. 2006-04-03T17:11:05-05:00 http://quote.bloomberg.com/apps/news?pid=10000103&sid=a_TZET_ZB48I&refer=news_index Greenspan Says Asset Prices May Fall After 'Euphoria' Greenspan warns against falling asset prices, as we've been lulled into a false sense of security by continual rises. "History cautions that extended periods of low concern about credit risk have invariably been followed by reversal with an attendant fall in the prices of risky assets." He's talking about house prices, folks. Hope you didn't just buy one. 2005-09-27T16:28:40-05:00