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in this situation No news is Bad news.
Just be glad they quit taking orders and didn't make any attempt to promise things that they could not produce! There have been plenty of others who weren't so lucky. |
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I don't know about that. I know people that were buying 400k performance boats with down payments of 100-200k from equity in their homes that can't afford them. Buying a 50k car is nothing compared to the crap the house rich people (that now can't afford these houses) were buying. ...And now the government wants to bail these idiots out???? |
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spo1715,
Wow, I guess I have led a sheltered life. That almost sounds criminal. I am amazed anyone would loan money on a Cobra. |
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It's easy. House values go up, you refinance, pull out all of the equity, buy whatever you want, like a Cobra, or a trip around the word, plastic surgery, or some people even put it back into their house for remodels and upgrades (what a concept :rolleyes:). Then in another year, you repeat, and when the mortgage gets a little tight, do it again to make your payments...%/ Then something happens..... .......the market dips (or crashes depending on your view), your interest rate resets, can't make the payment, and you get foreclosed and lose it all......or get bailed out:mad: Save the Hurricane! :MECOOL: |
all those people were getting home equity loans. Guess what you have to give a pint of blood to get one of those now. you ask for 25000 and the bank said if you want you qualify for fifty. They were handing out money like candy. OOO brother can you bail me out. lol
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The problem where I live (Houston) is the housing market never took off. In fact it has been flat (3% annual growth) for 90% of the area for 15 years. The good news is you can get a 4000 ft^2 house with 3 car detached garage in gated community for 350K, if you would like a pool and private golf course and another 1000ft^2 make it 500K. If you need an all brick one story with 2400 ft^2 and two car garage in nice sub right around 180K.
I never had a house payment to begin with. |
Houston just has not been affected by the recent downturn in the credit industry and jobs are plentiful. Between oil, petrochemical, NASA and plastic surgery (breast implants originated in houston) LOL work is always there which translates into demand for works which translates into very good pay. Now it is flat, hot, muggy and ugly but if you want to make money with cheap housing I do not think you can beat it.
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Well, sorry for the rant. Back to the topic. |
Buy Euros, baby; Euros. Bought when they were still about a dollar, now $1.57 and still climbing. Hard to find a renewable 57% return rate today. Especially one that is instantly liquid!
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If Hurricane is closing, why does their add still appear here on Club Cobra?
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The silence coming out of Lees Summit is almost deafening. Time is becoming their biggest enemy, and obviously breeding uncertainty. I think their customers and clients are owed an "explanation", especially if money is involved, and obligations to be fulfilled. For the rest of us...its probably none of our damn business!
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Hey...why not start a rumor.
Maybe Hurricane is going to be the new FFR complete kit package? Maybe Carrol Shelby is going to make it their "continuation car?" Maybe Ford motor Company is going to upgrade it to become the new Falcon convertible roadster? Perhaps....it will be redeveloped into the new Camaro at Chevy. or maybe it will be boughtout by Matel and sold as a bigboy toy. Come on you guys.... lighten-up! Bill |
just wanted to be the 8000th one that viewed this thread
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I think you were 1 view shy ....
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It's ok Bill. calm down! :LOL:
There wouldn't be any rumors if there wasn't total silence from the people who know the answer to the $15,990 question. I for one, would just assume that after 4+ months, hurricane is no more..... :cool: |
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:cool: |
Burgs... you are right that is easy enough. Now why can't they say that? I know they are taking care of their customers! I was one! My point is, unless it comes from the horses mouth.. it's just another rumor. Plain and simple! With the last update from hurricane being on Jan 25th, a week shy of 3 months ago, everyone can make their own assumptions.
As was stated earlier... it seems like a functioning business would be alot easier to sell than one that has no scheduled orders. %/ that's just my view from the outside looking in. I know there are others whom feel the same. And since the last update from someone at hurricane says they're "evaluating their business model," how does anyone outside the box know that the RUMOR that hurricane is for sale is real? It didn't come from the source. As did none of the other rumors. Quote:
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I vote that Burgs has the best avatar...;)
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Your right. I had to go back to find that it was Bill that posted the for sale sign, not the good folks at HM. I guess they could start up again relatively easy if they don't find a buyer. They sure got off to a good start.
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