Friday, November 7, 2008
The Harlem Real Estate Bubble is Fake
from crazy dog t-shirts
Yes, your bag is fake, lady, and so is the real estate bubble. It is impossible to "keep it up." For how long are people even going to pretend to be able to buy condos in Harlem for $1 million for a 2 or 3 bedroom. So what if you get to go on the subway, it still is the same funky neighborhood that it's always been. I hope Obama can get a grip on the home foreclosures that are going on now. People got hit with the bait-and-switch from fixed mortgages, to these horrible ARMs - Adjustable Rate Mortgages. Now we need a freezing of the foreclosures and the mortgages and rental payments till the bubble settles down, like the geezer said
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