Sunday, July 8, 2007

24-Year-Old Mortgage Mogul Goes Bust




People talk about a soft landing in the housing bubble, but have they considered how speculative the housing markets are, and how reckless the lenders have been? Hold on to your hats! Here's a story about a 24 year old guy who easily borrowed far more than he ever should have been allowed -- and -- go figure -- he's now belly up and blogging about it.

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