links for 2008-02-29

  • http://www.sexyhotbeauty.com/ Sherry

    Facing Default, Some Walk Out on New Homes – New York Times
    “I’ve had people say to me, ‘My house isn’t worth what I owe, why should I continue to make payments on it?’ ” Mrs. Newhouse said.

    Viva la revolutione!

    No way is Jane and Joe Public gonna accept this ‘socialize the losses’ setup.

  • http://www.neuralmarkettrends.com Tom

    Sherry: I find it kinda funny that people are looking at their houses truly as an investment. If things go bad, they cut their losses and run. That sure sounds like the advice we hear from traders, “let your winners run and cut your losers.”