YOU ARE SUPPOSED TO LOSE YOUR HOME WHEN YOU"RE A SUBPRIME BORROWER !!

Of course you are !!!

You buy a house and you don;t even have enough fiscal responsibilty to save up the money for a down payment.

You buy a house and you don't evenr have enough sense to properly value the house.

Buy low sell High.... why would you do it any other way.

Anyone who buys a 250,000 dolar house for 500,000 because someone will lend them 480,000 dollars is an idiot and deserves to live in the street.

I bought both my homes ( 1 house 1 coop) in prime Metroplolitan NYC area durnig times of economic weakness. 1 I rent out and the other I live in. I never worry about losing these properties because they are - in real estate terms- under leveraged.

Sure I could have bought a bigger house each time by thinning out the down payments. But I also have a business to run and kids to fee and tuitions to pay and don't have time to manage buying and sellinfg my domicile on every econmic vacscillation.

Every one that makes a bad investment needs to lose, otherwise thsoe who make good investments will not gain and then noone will invest.

Bear Stearns needs to fall apart and prudent Jamie Diamond crticized for JP Morgan's slow growth deserves to gain on their demise simpy because he plaid the game the right way.

PRESERVE CAPITAL PRESERVE CAPITAL PRESERVE CAPITAL

Maintain Liquiidty and then hopefully make money

The profits come last teh other 2 come first.

Just like when you play tennis, keep the volley moveing until your oponent makes a mistake and then take advantage,

If you take unecessry risks you will IN THE LONG RUN be aloser/