Quote Originally Posted by juntzo View Post
OT:
i was one of those who availed of this easy loan when i bought my house in illinois in 2004. the county even paid for my downpayment since they have this program to encourage professionals to locate in certain approved cities.

fortunately i was wise enough to get a low fixed rate 30 yr loan and not an ARM! although at that time it was very tempting... imagine just pay the interest?

on topic:
i don't think the US is heading for a meltdown anytime soon. i own an archi and eng'g services office here in the PI and would you believe that my biggest client in the US wants me to expand to adequately meet their increasing volume of work?
Ask ko po. Di kaya kinuhkuha kayo dahil mas mura mag pa - outsource dito?

Bale ang kinunkunan niyo ng trabaho ay ang mga Kano mismo dahil mas mura kayo. Tulad ng Tsina. Dun na pinapagawa ang mga gawaing pabrika kasi mas mura ang labor. Ngayon, posible ba na ang mga Kano masyado ng mahal para sa kapwa nilang kano? Kaya posible ba na mag meltdown ang ekonomiya nila?