'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
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....
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?
LC baby... thxs for your tax money to Citibank.... i want tenant to go under :)... getz $ and my space back:)
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....
just smarter than than u :)
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.
nyc10022...he should be busy re-negotiating all his tenant's leases :)