Quote Originally Posted by boputnam View Post
Certainly most do - either they themselves or someone they know is getting beyond their mortgage teaser rate period and is facing increased costs of borrowing on their ARM. Bad idea.

And I wouldn't limit "it" to Americans - this credit abuse was worldwide. Wait until it starts to really surface in the UK and EU.
Its here bo ! 60,000 people a month are losing there jobs. House prices are down 25%. Gas is around $ 2.30 per ltr.