Tuesday, January 6th, 2009
Now that the real estate market has taken a hit to it’s boom, what about credit card companies?
Rothwyn asked:
I think credit card companies need to be taken on as hard as real estate lenders were.
I think credit card companies need to be taken on as hard as real estate lenders were.
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January 9th, 2009 at 6:43 am
They dont work the same way
Housing cycles are normal part of a healthy economy. Regardless of what you have heard the media say, the housing market is going through a perfectly normal correction. 2 or 3 years from now when the market is hot again people will have to find something else to complain about.
Credit card companies will always make money because they are lending money at the highest rates of interest possible..