they say new housing purchases are rising.. did you know so are forclosure

[greenbriar]

rates for june for those same new housing purchases are the highest they have ever been.


I heard in on the radio news this morning

[soothsayer]

1. ..and did you know that china owns a TON of our mortgages?

THAT's how they're waging their war against us. They'll soon own alot of the US!

[greenbriar]

2. but .....

bush and co will be rich

[getmeouttahere]

6. Exactly, that's why I think...

they don't care if the economy tanks, as long as their cronies are all set. How else can you possibly explain these disastrous economic policies?

[AndyTiedye]

3. They Aren't Going To Own Mine

I paid it off. :-)

[northzax]

4. truthfully, the largest foreign purchasers

of bundled home mortgages are in South Korea...

[Capn Sunshine]

5. Actually

China owns a ton of our US GOVT BONDS , the value of which helps define the mortgage rates. This is the first time in history foreign entities have been allowed to purchase such a high percentage of our govt paper. The Chinese demand is one reason mortgage rates are so low. It's an unintended consequence of the Wal Mart business model.

If a few foreign gov't decide to take Bushco out, and want to avoid the expense and bloodshed of a hot war, for the cost of a 35% hit to their bond holdings, they can ruin the US economy for the next twenty years. Why neocons don't see this precarious threat to their world confounds all of us.

[flamin lib]

7. Foreclosures at a 30 year high in Dallas and Tarrant Counties in

North Texas.

[greenbriar]

8. but the economy is growing

more people than ever are becoming homeowners:sarcasm: