HousingPANIC Stupid Question of the Day

Will single people start asking prospective partners what their "mortgage status" is before considering whether or not to date them? Shouldn't they?

- Renters: Good to go

- Own free and clear: Good to go

- Bought before 2002, never HELOCed or Housing ATMed: Good to go

- No-down option ARM negative equity mortgage: Get lost you pathetic loser!

- Took out a 90%+ mortgage in 2003 - 2007: Sorry, gotta run!

Peter Schiff lays out the mortgage meltdown and housing crash, and sets the CNN studio on fire on the way out

Nice to see him hold his own and hold it together against the CNN homedebtor reporter interviewing him, whose disrespect and "blame the messenger" attitude were kinda weird. Bottom line: He was right. He is right. And people are just now waking up to the cold hard truth.

At what point do interviews like this filter down to the sheeple on main street? At what point do they get it? At what point do ma and pa decide to put the home on the market and sell at any price?

Hat-tip Doom for the video.