Economic Unsustainability & Credit Deception

footfootfoot · 09-18-2006, 07:59 PM

Take notes, we'll see what happens soon.

I wonder the same thing. I have a friend whose house was insanely over assessed by the bank and he is leveraged out to infinity and beyond. Living on maxed out cards and a line of credit against his house which, if he had to sell, he might break even. A few bad months and homeboy is gonna be living in the woods.

I haven't had a credit card in over ten years. Never missed it, never needed it. I'll do without.

09-18-2006, 07:59 PM	#11
footfootfoot To shreds, you say? Join Date: Aug 2004 Location: in the house and on the street-how many, many feet we meet! Posts: 18,449	Take notes, we'll see what happens soon. I wonder the same thing. I have a friend whose house was insanely over assessed by the bank and he is leveraged out to infinity and beyond. Living on maxed out cards and a line of credit against his house which, if he had to sell, he might break even. A few bad months and homeboy is gonna be living in the woods. I haven't had a credit card in over ten years. Never missed it, never needed it. I'll do without. __________________ The internet is a hateful stew of vomit you can never take completely seriously. - Her Fobs

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