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Foreclosures are up again

Discussion in 'Alley of Dangerous Angles' started by Aldeth the Foppish Idiot, Oct 13, 2011.

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  1. 8people

    8people 8 is just another way of looking at infinite ★ SPS Account Holder Adored Veteran

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    Remove all ads!
    [​IMG]
    Chronic pain actually alters the structure of the nerves involved. In theory a biopsy might be able to to actually show the changes. Though it's risky, expensive and also unreliable measure.
     
    8people, Oct 14, 2011
    #21
  2. Chandos the Red

    Chandos the Red This Wheel's on Fire

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    Chandos the Red, Oct 14, 2011
    #22
  3. Harbourboy

    Harbourboy Take thy form from off my door! Veteran Pillars of Eternity SP Immortalizer (for helping immortalize Sorcerer's Place in the game!)

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    What on earth else do you expect a bank to do? Lose money?

    There's only one thing worse than a profitable bank and that's an unprofitable one. Theres no way that I would want to deposit money with a bank that loses money.
     
    Harbourboy, Oct 17, 2011
    #23
  4. Aldeth the Foppish Idiot

    Aldeth the Foppish Idiot Armed with My Mallet O' Thinking Veteran

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    It's one thing if it's a business. You don't have to live there. It's another thing when it's your home where you live. For one, it's not just a revenue source at that point. Secondly, if all you see your home as is a revenue source, then defaulting on your current property isn't the best course of action either. If you lose that house, you're likely not getting a loan for another mortgage, and if you live in an apartment, then you have a guaranteed no return on your investment. It's only a negative asset right now. In 10 years, it's likely that your houses value will be back to what you paid for it. Again, this only applies to people who can afford to pay, and chose not to. Being underwater on your mortgage if you can't afford to pay it is a real problem.
     
    Aldeth the Foppish Idiot, Oct 17, 2011
    #24
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