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Old 10-11-2011, 11:08 PM   #146 (permalink)
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Originally Posted by Frank Lee View Post
How so?
'Cause any intelligent wildebeast should have learned that there might be crocodiles in that inviting water hole, so it's a good idea to approach with caution. Likewise, an intelligent homeowner (or would-be homeowner) should be able to figure out that zero-money down loans on an inflated income, with interest rates that escalate after a few years, and a pitch that of course home prices are going to keep going up, up up! so you can refinance before the new payments kick in are all pretty much the same as crocodile snouts sticking out of the water :-)
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