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'Cramdown' the buzz word for 2009 lending

Started by ante148
over 17 years ago
Posts: 70
Member since: Apr 2008
Discussion about
If Congress passes this bill, it could have a very large negative effect on house prices, especially the non conforming market. This has all the attention of wall street. Watch this issue. "Chances are that the so-called cram-down legislation could reduce the value of current investments, and force lenders to boost costs on new loans" http://uk.reuters.com/article/marketsNewsUS/idUKN0928601020090109
Response by w67thstreet
over 17 years ago
Posts: 9003
Member since: Dec 2008

Ahhhh... the drama and penis swinging of cram downs.... not so much fun on the receiving end :)..... the receiving end will be all the over-leveraged mariachi buyers and people like oldbuyers who thought their home equity = pension LMAO... Good luck with that y'all underwater bumpkins....

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Response by oldbuyers
over 17 years ago
Posts: 190
Member since: Dec 2008

funny, w67th, but according to you, you are a property owner in NYC. Are you now calling yourself an underwater bumpkin? You posted that you were suffering like everyone else but were glad for the correction due to class reorganizing.

Is that just one of your many outlandish lies? having problems keeping track of them all?

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Response by w67thstreet
over 17 years ago
Posts: 9003
Member since: Dec 2008

LC baby... thxs for your tax money to Citibank.... i want tenant to go under :)... getz $ and my space back:)

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Response by w67thstreet
over 17 years ago
Posts: 9003
Member since: Dec 2008

the $750k 1bdrm coop in uws.... i bgt for $100k in 1996 (distressed sale) no debt... wife doc.. we net $30K/month after rent/2 nannies/4 cars/2 private schools/ 2 trips 2 $seasons maui/ and all the rib roast i can eat...:)

'Did any of your tenants re-neg this year? :) that's gonna lv a mark....

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Response by w67thstreet
over 17 years ago
Posts: 9003
Member since: Dec 2008

just smarter than than u :)

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Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008

does oldbuyers have anything better to do than study the personal lives of posters?

Perhaps if he spend more time actually watching market news, he would have been prepared for the crash.

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Response by w67thstreet
over 17 years ago
Posts: 9003
Member since: Dec 2008

nyc10022...he should be busy re-negotiating all his tenant's leases :)

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