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eric pebble

New York: Affluent Homeowners, Too, Have Mortgage Problems

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Affluent homeowners, too, have mortgage problems

By Jane Birnbaum

Published: March 19, 2008

The home mortgage crisis is increasingly ensnaring not just lower- and middle-income borrowers but also households with incomes of $100,000 and more.

Just like those other buyers, these more affluent consumers took out adjustable rate mortgages, or ARMs, to buy houses they would otherwise not have been able to afford at the peak of the housing bubble in 2005 and early 2006. Or some refinanced existing mortgages to take cash out for businesses or other investments.

http://www.iht.com/articles/2008/03/19/business/mortgage.php

Edited by eric pebble

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Affluent homeowners, too, have mortgage problems

By Jane Birnbaum

Published: March 19, 2008

The home mortgage crisis is increasingly ensnaring not just lower- and middle-income borrowers but also households with incomes of $100,000 and more.

Just like those other buyers, these more affluent consumers took out adjustable rate mortgages, or ARMs, to buy houses they would otherwise not have been able to afford at the peak of the housing bubble in 2005 and early 2006. Or some refinanced existing mortgages to take cash out for businesses or other investments.

http://www.iht.com/articles/2008/03/19/business/mortgage.php

I am now officially affluent earning over £50k per annum, well well well.

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  • 297 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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