Thread: There's just nothing quite like capitalism
View Single Post
  #31   Report Post  
posted to rec.boats
Short Wave Sportfishing Short Wave Sportfishing is offline
external usenet poster
  
First recorded activity by BoatBanter: Feb 2007
Posts: 5,649
Default There's just nothing quite like capitalism
On Wed, 30 Jan 2008 13:19:11 -0800, "Calif Bill"
wrote:

Lots of those upside down loans, at least out here, were speculators.
Counting on a 20% / year growth. A few out here are stuck with 5+ houses.

Proves the point doesn't it.
Reply With QuoteReply With Quote