Saturday, September 29, 2007




Video: The Collapse of the Mortgage Lending Industry

This video illustrated how many lenders have actually been affected by the credit crunch.

CLICK HERE TO WATCH VIDEO

1 comment:

Anonymous said...

In response to a previous post about "vulture" investors...

I don't really understand what these "vulture" investors plan to do. What is the plan?

Buy a condo building for 50% off?

Great - then when prices actually ARE 50% off in a few years(real market value), the "vultures" really paid full price. How is that being a vulture and how would you make money doing that?

Already, the recent auction for units at the Platinum went for 50% off their prices from just earlier this year. I can only imagine how much worse it will get:

http://www.youtube.com/watch?v=tkuW8bCjC6c