Hitman Posted July 6, 2018 Report Posted July 6, 2018 10 minutes ago, dakumangalsingh said: What abt the housing bubble built by non immigrants in Atlanta Dallas and Bay Area manollu Foreclosure chestaro ledo.. manaki prestige issues kadaa... ade americans ayite if house underwater, they will just foreclose and let banks suffer...i dont think this will be same case with desis.. Quote
kevinUsa Posted July 6, 2018 Report Posted July 6, 2018 47 minutes ago, WHAT said: CC lu entha istaru bro students ki max 2k .... danithone banks ki em kadu compared to 2008 housing loans naku masters lo bofa 4k ichinidi velli i need credit card ani anna ok drivers license icha she filled na annual income kuda adagaledu she filled 65k and approved it to 4k nenu shock endi ra babu ani free cash Quote
Android_Halwa Posted July 6, 2018 Report Posted July 6, 2018 12 minutes ago, dakumangalsingh said: What abt the housing bubble built by non immigrants in Atlanta Dallas and Bay Area Ipativaraku aithe enni recissions vachina, desi burrows ki aathu kuda emi kadu bhai... yeah 2008 recession was once in a while thing, what has happened has happened... glad it happened, banks have woken up to the reality and have made stringent measures and bubble will not happen and even if it happens, it will not be as worst as it was....property prices abnormal ga periginavi slash ayitayi...but base prices wil lstill hold good... Quote
Raithu_bidda_ Posted July 6, 2018 Report Posted July 6, 2018 1 minute ago, Android_Halwa said: Ipativaraku aithe enni recissions vachina, desi burrows ki aathu kuda emi kadu bhai... yeah 2008 recession was once in a while thing, what has happened has happened... glad it happened, banks have woken up to the reality and have made stringent measures and bubble will not happen and even if it happens, it will not be as worst as it was....property prices abnormal ga periginavi slash ayitayi...but base prices wil lstill hold good... Y desis safe uncle??? Quote
xxxmen Posted July 6, 2018 Report Posted July 6, 2018 5 minutes ago, Android_Halwa said: Ipativaraku aithe enni recissions vachina, desi burrows ki aathu kuda emi kadu bhai... yeah 2008 recession was once in a while thing, what has happened has happened... glad it happened, banks have woken up to the reality and have made stringent measures and bubble will not happen and even if it happens, it will not be as worst as it was....property prices abnormal ga periginavi slash ayitayi...but base prices wil lstill hold good... A stringent measures ani last month bill petti lepisaru asusual ga loans istinaru malla Quote
kevinUsa Posted July 6, 2018 Report Posted July 6, 2018 Just now, Android_Halwa said: Ipativaraku aithe enni recissions vachina, desi burrows ki aathu kuda emi kadu bhai... yeah 2008 recession was once in a while thing, what has happened has happened... glad it happened, banks have woken up to the reality and have made stringent measures and bubble will not happen and even if it happens, it will not be as worst as it was....property prices abnormal ga periginavi slash ayitayi...but base prices wil lstill hold good... As you see there is debt in subprime lending for car mortgages. people are expecting the auto sector will lead to the recession as you are aware of nearly $1.5 Tn auto loans and moreover you can see that there is an increase in 84-month loans for autos which is not a good thing to do. I met an auto insurance agent she was explaining to me how her daughter's boyfriend who is 19year old pays a mortgage of 600 per month on his truck. This is a sign for recession subprime lending. People with less than 650 in credit are able to walk with brand new cars worth 20-50k, sometimes with no down this is where the problem starts. If someone can understand when you are approving loans to people who are not worth getting loan is where the problem buds. Quote
kevinUsa Posted July 6, 2018 Report Posted July 6, 2018 5 minutes ago, xxxmen said: A stringent measures ani last month bill petti lepisaru asusual ga loans istinaru malla yes H.R. 4743: Small Business 7(a) Lending Oversight Reform Act of 2018 Quote
Android_Halwa Posted July 6, 2018 Report Posted July 6, 2018 4 minutes ago, kevinUsa said: As you see there is debt in subprime lending for car mortgages. people are expecting the auto sector will lead to the recession as you are aware of nearly $1.5 Tn auto loans and moreover you can see that there is an increase in 84-month loans for autos which is not a good thing to do. I met an auto insurance agent she was explaining to me how her daughter's boyfriend who is 19year old pays a mortgage of 600 per month on his truck. This is a sign for recession subprime lending. People with less than 650 in credit are able to walk with brand new cars worth 20-50k, sometimes with no down this is where the problem starts. If someone can understand when you are approving loans to people who are not worth getting loan is where the problem buds. Thats a good sign actually... let the govenrment bail out the car companies again...that would be billions of new cash in the market....means new oppurtunities..!!! welcome thing... Quote
Android_Halwa Posted July 6, 2018 Report Posted July 6, 2018 15 minutes ago, Raithu_bidda_ said: Y desis safe uncle??? desis will never abandon their properties even if the value falls....atleast this has never happened until now.. yeah, here and there once in a while someone might have done it but look at bigger picture, desi burrows will not loose value like it does else where... Quote
kevinUsa Posted July 6, 2018 Report Posted July 6, 2018 1 minute ago, Android_Halwa said: Thats a good sign actually... let the govenrment bail out the car companies again...that would be billions of new cash in the market....means new oppurtunities..!!! welcome thing... FORD ,GM, Chrysler will be worth pennies anna american auto industry will have huge impact on Japan and Germany Germany where 1 in 7 people work in auto industry Quote
Android_Halwa Posted July 6, 2018 Report Posted July 6, 2018 3 minutes ago, kevinUsa said: FORD ,GM, Chrysler will be worth pennies anna american auto industry will have huge impact on Japan and Germany Germany where 1 in 7 people work in auto industry hehe...well, its silly that American automakers are still being managed by americans...!! They havent learn lessons of 2008...they need another hard recession to realise that americans are bad at running car companies... already chrysler is managed by FIAT....now its time for GM and Ford to change hands...let japanese and koreans take care of automobile industry in USA>.. Quote
kevinUsa Posted July 6, 2018 Report Posted July 6, 2018 4 minutes ago, Android_Halwa said: hehe...well, its silly that American automakers are still being managed by americans...!! They havent learn lessons of 2008...they need another hard recession to realise that americans are bad at running car companies... already chrysler is managed by FIAT....now its time for GM and Ford to change hands...let japanese and koreans take care of automobile industry in USA>.. Ford has issued 20Bn in bonds in the last couple of years company like that goes bankrupt will have an impact on Wallstreet and all the auto lending companies. Quote
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