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What Does the Future Hold for Housing?

Tuesday, July 22, 2008 | 03:30 PM

Too funny:

“In the future they’ll only foreclose on one section of your house at a time!”
— Posted by Robt Stupple

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Comments

Poetic justice: Repossessing only half of the implants paid for with a HELOC.

Posted by: Rob Dawg | Jul 22, 2008 4:21:12 PM

That quote actually could be possible to a somewhat abstract degree- has anyone seen these relatively new equity advance products like the REX Agreement? Allows a company to place PUT option on your home in exchange for that advance equity. You might have already tapped out your equity through conventional means and you could do this. Yikes!

Posted by: sanderson | Jul 22, 2008 4:25:38 PM

All is looking great, just swimmingly at WAMU - only expecting $19 Billion in Mortgage related losses. Look at the bright side WAMU shareholders:

Killinger, CFO Tom Casey and COO Stephen Rotella will not be receiving a bonus under the 2008 Leadership Bonus Plan, the bank said. Time to buy, buy BUY WAMU. Um, I don't think so.

Posted by: Jeff | Jul 22, 2008 6:37:10 PM

Whatever happened to the future where robots and computers did all the labor, and humans could just lie back and relax in their pod-like houses while androids fed us grapes?

Posted by: Maldoror | Jul 22, 2008 7:13:24 PM

I am assuming the site redesign was done inside that house.

We all get personal jet packs !!!

Posted by: Douglas Watts | Jul 22, 2008 8:15:40 PM

Why is James Cramer on MSNBC Morning Joe saying housing is coming back in 6 months?????????????

CEO of Citibank says no not for two years?

Posted by: jeff | Jul 23, 2008 7:40:55 AM

From "foreclosure" to "floorclosure", I guess..

Posted by: tom B | Jul 23, 2008 1:17:05 PM