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iTulip's fan, Jim the Realtor, on Nightline - April 16, 2009 (8min.)

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  • #16
    Re: iTulip's fan, Jim the Realtor, on Nightline - April 16, 2009 (8min.)

    The bubble is back!

    "I ended up buying five"...

    Here is Jim with the couple from Nightline:


    Runtime: 7min.

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    • #17
      Re: iTulip's fan, Jim the Realtor, on Nightline - April 16, 2009 (8min.)

      holy crap! 95% gov't secondary mortgage market, fed buys the debt... got the bubble going again! :eek::eek::eek:

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      • #18
        Re: iTulip's fan, Jim the Realtor, on Nightline - April 16, 2009 (8min.)

        Unless I misunderstand what was stated, the offer the sellers accepted is for over $300,000 with $6,000 cash back (which I'm assuming will be used by the buyers to help with the down payment). I can't believe that this kind of nonsense is still allowed -- especially now that the loans are guaranteed by the U.S. government.

        For the deadbeats *ahem* buyers to be unable to come up with the usual 3% down payment themselves along with the overbidding tells me they're in all likelihood going to default.

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        • #19
          Re: iTulip's fan, Jim the Realtor, on Nightline - April 16, 2009 (8min.)

          You can't keep a good market down for long. This is good news. All those who have been waiting to purchase should make their move NOW.

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          • #20
            Re: iTulip's fan, Jim the Realtor, on Nightline - April 16, 2009 (8min.)

            "Well, let's keep rollin them" LOL

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