Investing in the real estate boom was much like playing musical chairs. You could stay in the game just as long as you weren't the last person to sit down when the music stopped.
Unfortunately people got into these ARM's and interest only loans expecting their house to increase value but once the "music" stopped, they were left standing with no place to sit.
Unfortunately people got into these ARM's and interest only loans expecting their house to increase value but once the "music" stopped, they were left standing with no place to sit.
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