Saturday, February 05, 2005

Las Vegas: Or Bust

As a follow up to the last post, here is a story of some people who found themselves on the wrong side of a home price bubble. "They claim Pulte burned them by inflating it's home prices and steering them to in house lenders who were all too happy to underwrite their dreams"..."We came with the hopes of buying two houses. We left the first day owning four. Within the next week, owning 6 -- all the way up to 19."


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