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Originally Posted by MediaArtist
I never suggested that, again you are being dishonest.
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You quoting one source as filler to your already weak point does not make me dishonest even if my opinion doesn't agree with it. I think you're being difficult and want to argue semantics after you see how foolish it sounds to put 20% down on a liability like a home in this economy. The entire spirit of this thread agrees there should be a happy-medium when purchasing nowadays. You're an outlier. A foolish one at that....
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Also, I don't need an apology. I think it's pretty clear who was being dishonest when you claimed:
"the increase in FHA delinquencies is on par with the rate of increase in delinquencies with conventional loans. Lol. "
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And I further supported that comment by asking you to provide numbers showing, amongst the millions of foreclosures in the US since the sub-prime meltdown, how are these delinquencies separated by loan type? You didn't.
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So you can stand there and laugh, but people are smart, and can see who is pushing BS, and who isn't.
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Yes they can, and several people already called into question your unwarranted attack on my advice which ultimately is geared toward protecting the homeowner him/herself and not the bank per se. Money in the bank is your insurance. PMI, the banks. This isn't that difficult a topic for most but, I see you get very emotional when your point has holes in it.
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Yup, because it's simply the truth, and the statistics show it. Your opinion notwithstanding.
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The statistics gives you a topographical explaining, which for simple minds, can look well.....simple. A smarter person knows there is a stream of McMansions in foreclosures across the country. Exclusive zip codes, middle class and upper-middle class areas are underwater, and certainly those places aren't accessible to the people you reference. LOL!