Okay, how stupid is that remark?
The San Diego Chargers are the absolute best team in the NFL. They had the best record, had the best offense, and had a top-ranked defense; all the statistics say that they are the best team.
The Chargers lost in the first round of the playoffs. Thus, they are ineligible to play in the Super Bowl.
The Chargers would have been the best team if they stuck to their game plan against the Patriots.
Allright. Let's stop this inane conversation right here.
The Center For Responsible Lending
says that one in five homes with a non-prime loan, obtained in the past
five years, will end up in foreclosure. They released the report "Losing Ground" in December.
Gosh, that sounds more unrealistic than the Chargers winning the Superbowl.
They
say that real estate prices are plummeting, people got risky loans
where they didn't have to prove their income, and subprime borrowers
are deadbeats that never get ahead in life.
Hmmm...what about the fact that over 90% of non-prime loans DO prove the ability to repay the loan?
Yes...but...
How about the fact that California is predicted to have a severe housing shortage by 2010? Prices rise when supply can't keep up with demand.
Okay...but those deadbeats...
...who bought their home in 2004 with a non-prime loan (because they
had no downpayment) in Northeast Los Angeles are some $200,000 richer.
That's one RICH deadbeat.
But the Center for Responsible Lending says that the equity will just evaporate!...so Ha!
Okay, okay...you win...want to bet the Chargers don't win the Superbowl this year?
MORAL: Anyone can call themselves a "Center" and spook you with funny numbers; don't believe the hype.
