no i havent heard about that one but irvine is one of the top cities in this country where public co.s exist....
80-90 % of the companies in irvine are public and most co,s that are incorporated on the east coast have major headquarters here.....
new century one of the largest mortgage co,s in business was here and went under about 2-3 months ago....
i see alot more of it coming...
right now there are houses being built that cost 60-80k to build and they build them 20 at a time in 2-3 months time and charge 400k or more for them plus interest on the mortgage....
these are basically 20 year life span homes with thirty 30 year mortgages where the owners put little to nothing down so they can buy a house never realizing they will never own the home that will fall apart around them....
its a sad state of affairs when the standard of living goes down the drain for maximized profits off the backs of the guy that couldnt afford it in the first place.THEN you give his job to an illegal immigrant for half to a quarter of his wages so he cant ever get back on his feet........
say good buy to the american dream and hello to anarchy
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.