George Washington’s Thanksgiving Proclamation
No Cake! What a sad testament on the American Way.
Get ready for some foreclosures – Subprime loans doing badly. I would love to see numbers on what percentage of loans written in the past 3 years in the Central Virginia region were subprime.
Black Friday -v- Buy Nothing Day
Is this a good thing? Why do we need this certification when we are supposed to treat everyone equal? Or am I just too idealistic for my own good?
Finally, this evening at 6pm, UVA will host Notre Dame in an NCAA tournament clash.
Technorati Tags: gay, politics, mortgages, real estate, soccer
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In this instance your idealism is commendable. However because a majority of Virginians voted to support bigotry during the last election, it must be needed. Joint ownership of a home with right of survivorship may now be illegal in Virginia if you’re a same gender couple because it intends to “approximate one of the benefits of marriage.”
Like any consumer “seal of approval” it’s just another loose guideline people can use to determine where they want to spend their money.
Does “subprime” automatically equate to one of the non-traditional (interest only, etc) types of mortgage loans? I expect that in some markets these foreclosures will be the real estate equivalent of the dot com stock bust.
I agree; I just think that this type of thing serves to divide than unite, as much as I hate to use clichÃ©d words.
Subprime means those loans that have been made to buyers who do not have middle-to-higher credit scores. Regarding interest only, ARMs, etc – I have heard various numbers bandied about that next year up to 1 trillion dollars worth of ARMs are going to adjust …
Yes, but it’s the straight community insisting on the dividing. In this instance it is also an acknowledgment of the that group as a market. As in, “Your business is important to us.”
Plus from the article it looked like that company may have had some issues where this was necessary.
I also thought it was worth noting that on both of the two real estate websites mentioned in the article only one of the two had an agent from the Cville in their “agent search”. But maybe that’s just a result of cost vs. lead generation?
Thanks for the clarification on Subprime.
That will be fun to watch.