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Sub Prime loans

The Sub prime market seems to have gone down in flames and we can expect some adverse effects in the real estate market. Real property prices of some neighborhoods will probably drop drastically as lenders start to take possession of collaterals from borrowers who failed to pay their obligations. C’est la vie! The economy moves in cycles of booms and busts. If there’s an impending bust now, we are not so sure. However, what we are sure of is that real estate is good collateral, most of the time.

Comments

Jeff Barry said…
I think you hit the nail right on the head with this one
2:08 AM, September 02, 2009
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