Voluntary defaults exascerbate US credit crisis

RenewableCandy · Post by **RenewableCandy** » 01 Aug 2008, 21:39

skeptik wrote:
RenewableCandy wrote:Is anyone prepared to lend me 3 first class stamps and a doughnut?
I can offer you 5 second class Correos stamps and a half a bag of stale churros ( I can never get through all of them, especially when con chocolate. )

Oooh thanks, I'd always rather fancied a house in Spain...

skeptik · Post by **skeptik** » 01 Aug 2008, 23:29

RenewableCandy wrote: Oooh thanks, I'd always rather fancied a house in Spain...

Plenty to chose from, there's a million sitting empty at the moment. Put the stamps and churros in your piggy bank and give it a couple of years while the bottom drops out of the market.

meanwhile back in the real world. Quite a solid read.
10 Things to Understand About the Housing Bubble and the Debt Crisis