Except this never happens, the buyer walks away and the loan co/bank holds the bag.....usually. duh???
...and that is what they call a foreclosure....ok?
Most (not all) of these RE bears on ET live either in their momma's basement or rent a studio somewhere to trade the emini's. OK, certain number of bad loans (not fixed mortgages will wipe out the credit "challanged" morons who had no business to buy a home with a FICA rating of 550 anyway.
CA...
I am flat on energies right now. Hence the time to read and schmooze on ET.
Note on contracting - I did it for 17 years and I am too old for it now and burnt out - there is a lot of stress but I never regret a minute of it. I know so many good company guys who just shut up and bent over...
I have worked IT for Schwab, Morgan Stanley, Robertson Stevens
in SF and Bank of NY in NYC and I can tell you - fuck all of them
Just go and contract if you can stomach that. If you are very good and have a good niche you do not even need to move around you can live in NYC or CA, DC and stay...
You cannot learn to have brass balls and never get unrattled when you are down huge money and your wife is a money grabbing c**t but great in bad.....fergetaboutit....
He is one from ET isn't he - andrasnm ??
Commodity Trading 101: How to Exploit the New Bull Market in Raw Materials without Getting Killed
Book Description
"Industry experts and pundits would like you to believe commodity futures trading is only for the wealthy and sophisticated...