Showing posts with label "mortgage meltdown". Show all posts
Showing posts with label "mortgage meltdown". Show all posts

Thursday, February 19, 2009

"House of Cards"


"House of Cards" CNBC documentary explains what happened with the mortgage and real estate meltdown. I wish I had known about the mortgage brokers raking in $20,000 a month in many cases, around 2001 thru 2006, many with no prior experience. I had tons of student loan debt, and I struggled to make the loan payments most of the decade, eking out a living in the chiropractic field. Now I feel really stupid. I should have been in this business.

I remember I tried to buy my first house around 2004-05, and I could not understand why the prices went way outta reach, and everybody had so much cash to spend, and homes were selling faster than I could call the realtors. Now I get it.

News Links:

Yuppie Scum and "House Flippers" to be rewarded for bad behavior by Obama's Mortgage Plan
Media ignores Obama-led 17,000+ Afghanistan Troop Deployment

Only in America Department:
Farmer gets sued-and loses-to illegal alien border-jumper/trespassers

Most, least stressful jobs in America
Marijuana Boom