Frankly, I can't seem to find anyone else more stupid and
ignorant than you.
If you don't know what the heck is subprime crisis about.
I suggest you read up on this link to understand what IS
subprime.
Subprime Lending.
Also, what is credit
ratings.
Subprime crisis don't affect everyone. On the contrary, many
with solid savings benefit from it.
Jojo, you claimed that you own multiple properties in USA, more
than anything me and my parents can imagine and you are below the
age of 30.
You claim that your first property is worth US$70,000, so I am
asking how much you pay for your 2nd and 3rd
property?
You claim that subprime dont affect everyone, and I am asking
you to tell us which property outside the super luxury
apartment in Manhattan have survived this subprime
meltdown?
Contrary to what you are saying the subprime crisis does affect
everyone in USA and the world. subprime > credit crisis
> interest rate cut > falling US$ > high oil
price > inflation > slowing economy > job cuts
etc.