On May 12, 5:29 am, Frank Bures <f...@[EMAIL PROTECTED]
> wrote:
> kujebak wrote:
> >http://tinyurl.com/3lwd3x
>
> > I think the following passage says it all. In the context of discus-
> > sing affordability of health insurance for a 26-year old single
> > female:
>
> > Q: "...but in this state coverage for a 26-year old non-smoker
> > with no pre-existing conditions starts at $96 a month".
>
> > A: "It's $96 a month, but that's almost $1200 a year you're spen-
> > ding on health insurance, and honestly, I think it's ridiculous
> > that we live in a First World country, where I have to pay for
> > basic health care"
>
> I red an article about the recent mortgage crisis in the States in the
> Financial Post the other day. The article dealt with situation in
Florida
> bringing examples of people who simply walked away from their properties
as
> opposed to people who negotiated some form of substitute payments with
> their banks. Then there was that family in Arizona, who simply stopped
> making mortgage payments. Not that they did not have money for mortgage
> payments. They just felt entitled to their 3500 sqft mansion and
increase
> mortgage payments would prohibit them from regularly eating out,
traveling,
> throwing parties and generally having fun. So they just stopped making
> payments altogether and they are now waiting for the bank to foreclose
on
> them. They claimed they are by far not the only ones to behave that way
in
> the neighbourhood.
> Well, frankly I have absolutely NO sympathy for leaches like that.
>
> Cheers
> Frank
>
> --
>
> <f...@[EMAIL PROTECTED]
>
Leaches, leaches, all of them, you are nuts no question.
The number of foreclosures has reached a record high in the United
States; the Mortgage Bankers Association (MBA) re****ted in 2008 that
more than 900,000 households are in foreclosure. That's up 71 percent
from last year, and the figure represents more than 2 percent of all
mortgages. That's the highest foreclosure rate in the 36 years that
the MBA has been tracking delinquent mortgages
It's true that subprime mortgages accounted for 42 percent of homes on
which foreclosure started during the last quarter of 2007 [source:
Christie]. :::But foreclosure rates are rising for everyone.::: In
2007, both subprime and prime mortgages doubled in foreclosures
compared to the previous year, with subprime foreclosures rising from
2.7 percent to 5.29 percent, and prime rate foreclosures jumping from
0.41 percent to 1.06 percent
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