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Re: langlui post# 35756

Tuesday, 05/19/2009 1:24:40 AM

Tuesday, May 19, 2009 1:24:40 AM

Post# of 160315
I have an additional $20K on the sidelines for FAZ....

Just another thought on the residential "housing market" ..... what happens to all of those poor, old retired people that were convinced to put a reverse mortgage on their homes in hope of a continuing income until death? Now their houses are upside down and the bank cuts off payments, wants to repossess their house and kick them out....great now you'll have granny and grandpa needing to move into their unemployed son/daughter house....

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