You just know that around America, divorces will soar, crack use will rise, and domestic violence will increase (you idiot! I told you not to buy this Toll Brothers hellhole!)
The sad side of the housing bubble - lives will be ruined.
Hope it was all worth it realtors. Hope it was worth the commission mortgage brokers. Hope you invested that kickback money wisely real estate appraisers. Hope you sleep well at night Bob Toll, Osman and David Lereah.
May 06, 2006
Housing bubble bust: the before and after photos
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Love the before and after photos. The photos alone on this site make me return, if nothing else : )
Mortgage Company Goes Bankrupt ....
After a five-year growth spurt in which it says it wrote $2 billion in home loans, Kirkland-based Merit Financial terminated most of its 300 or so employees Thursday in an attempt to reorganize just ahead of filing for bankruptcy protection.
Founded in 2001 by former University of Washington football player Scott Greenlaw, Merit grew from a dozen employees to become one of the largest mortgage brokers in the state.
It also offered debt-consolidation services, credit education and reverse mortgages to seniors. It actively solicited loan officers, soon amassing a stable of young up-and-comers who earned six-figure salaries.
About 95 percent of the firm's business consisted of refinances, Kidd said, a market segment particularly hard hit by the recent rise in mortgage-interest rates.
http://seattletimes.nwsource.com/html/businesstechnology/2002973118_merit05.html
this is funny:
http://tinyurl.com/h5zek
what were we thinking a couple months ago?
I wish I knew then what I know now
LOL dude. That is freaky, those pictures puts the housing bust in mind.
i wonder how much housing atm loot was used to by crack cocaine and all other kinds of interesting stuff
re the Seattle lender Merit closing shop:
It's been a busy week for Seattle lenders closing shop.
First Ameriquest shut all branches in the area, than Merit, and I hear WAMU is making major cutbacks in Seattle.
LOL!...
Where's everyone gonna go for a loan in this REd HOt market?!
you are right......someone has to help out in seattle
Seattle Real Estate
Looks like girlfriend needs a divorce from her dealer and an intervention, maybe from her psychic aunt.
Kieth: Although I agree with you on mostly everything, and I have laughed my a$$ off after seeing your graphics, I am deeply offended that you chose my favorite diva: Whitney Houston, as an example. Look: She has problems, obviously. Please recall all of the great songs she did (The Greatest Love, Of all..etc.) She obviously has problems...but don't diminish her stature in the history of soul music...She was a-number one, man! A number one...and a doll to boot. I wish she would chuck that moron husband of hers, and her boozing drug-infested ways. Such a waste. But please: Leave this highly talented diva alone!
my only question is, who tries crack for the first time...what's that thought process like?
"Hmmm... I'm hearing good things about that crack stuff - let's give it a whirl"
Kinda like "hmmm... I'm hearing about this housing bubble stuff - who cares, $600,000 for a one bedroom condo, sign me up!"
If those are real pictures of here before and after, then I defend Keith 100% for showing the *truth*.
Don't let political correctness and the politics of diminished expectations excuse her behavior.
I 100% agree with the logic of what is someone thinking when they first try these drugs. I blame them for their additions, and have no sympathy. I agree that once you are addicted, it is a physical need, and very tough to shake. But I don't excuse it as a "disease" as many liberals do since you did not have this "disease" when you first starting taking this drug.
Some more personal accountability would help, and it would help many people if the media would post her before and after shots as a warning to others, rather than bury it.
Celebrity before/after photos?
Just like in the Economist!
In the next several years there wil be millions of homeowners in dire straits barely able to make their mortgage payments and other millions who cannot and go into foreclosure. This is due to the avaricious greed of the entire mortgage industry who lured these millions into borrowing at" teaser rates" and with a false smile told these naive borrowers that RE never goes down. Most RE agents do not care if you get into future problems with your payment:they want that commission. If you have problems paying your suddenly increased ARM you are stuck: the RE Agent got his commission already, the mortgage banker got his cut. and the homeowner is burdened with lifetime debt. In a suddenly downturned market these millions will be unable to sell or extract more equity< many will be upsidedown. SCAL Foreclosure rates are are up 30-60% first Q over last year.
Bawahahahahahahahaha!!!!
Witney is not a crack whore! According to the last pictures on the National Enquirer, she is a crack maturbationist!
And yes, she really does look that bad these days. It's a sad story and great cautionary tale to teach our kids. This is Whitney at the top, This is Whitney on crack.
Like watching MTV's Real World. There is no better PSA for how stupid and ugly one can get when drunk.
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