The Associated Press is reporting the nation’ s largest mortgage lender is suffering from a huge 28% drop in its stock price yesterday. Two days ago, Britney Spears was released from the hospital where she was admitted during a fiasco with Kevin Federline and a custody battle over their two kids. Similarities? Both high-profile figures represent the potential for greatness in this country. They both were at the top of their game 5 years ago. Anyone could get a mortgage and anyone could buy a Britney Spears album. But ask yourself, would you want to, today?
Differences? Britney’s singing career is pretty much over. As age and personal/family issues over-shadow her thigh-high schoolgirl mini-skirt, Britney’s best hope is to turn her life around and bow out gracefully into obscurity where she can truly enjoy the tens of millions of dollars per annum her career has realized for her. Ask Dr. Phil for help with that, Britney. Countrywide Financial Corp is undoubtedly on the ropes, yet still has a few tricks left up their sleeve. Read between the lines, the only losses they are taking now are due to bad debts in this housing market. Once they write off and sell these loans, the profits will shine through once again. This is awesome news for RE Investors like ourselves. We merely have to ride out the storm and pick up some bargain-basement deals in the second half of 2008.
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Appreciate that, Andrew! I hope everyone gets a lot out of this blog as we move forward with many RE deals!
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This is a great comparison. As for Britney – it just goes to show that money alone can’t buy happiness.
I think her parents should take some of the responsibility for the way she is now, instead of slagging her off. After all, they were happy to stick her on the celebrity shuttle when she was only a child.
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