TeharaMJ
Proud Member
Re: Neverland is not going to be auctioned on March 19, 2008 [keep all discussions here, please]
Its funny because it was only yesterday that I read a very extensive article in the Guardian (Uk newspaper) about the thousands of homewoners in America (and now this is affecting those middle class families who were thought to be immune from this mortgage/subprime lending mis hap) are facing foreclosures on their houses. The houses they bought for a certain price and now has lost much of its value so selling them don't even allow them to cover their debts. They are finding it increasingly difficult to pay their mortgages each month and renting property isn't giving them an enough income.
I realise this isn't something so exclusive to Michael Jackson...he has a property so large..im surprised its stood there for this long...Im pretty sure Michael will be able to refinance and get the payments sorted. I bet for all we know Michael is probably making maximum use of this credit crunch where property prices have actually gone down alot...he maybe looking to invest in other property elsewhere too.
Our man will take it in his stride....just think if you weren't Michael Jackson who has the capacity to guarantee a stream of income..and instead you were ordinary joe blogg holding down a day job...(like the thousands of homeowners) how much worsae might the situation be. Maybe we should lament for those peoople too!!
Its funny because it was only yesterday that I read a very extensive article in the Guardian (Uk newspaper) about the thousands of homewoners in America (and now this is affecting those middle class families who were thought to be immune from this mortgage/subprime lending mis hap) are facing foreclosures on their houses. The houses they bought for a certain price and now has lost much of its value so selling them don't even allow them to cover their debts. They are finding it increasingly difficult to pay their mortgages each month and renting property isn't giving them an enough income.
I realise this isn't something so exclusive to Michael Jackson...he has a property so large..im surprised its stood there for this long...Im pretty sure Michael will be able to refinance and get the payments sorted. I bet for all we know Michael is probably making maximum use of this credit crunch where property prices have actually gone down alot...he maybe looking to invest in other property elsewhere too.
Our man will take it in his stride....just think if you weren't Michael Jackson who has the capacity to guarantee a stream of income..and instead you were ordinary joe blogg holding down a day job...(like the thousands of homeowners) how much worsae might the situation be. Maybe we should lament for those peoople too!!