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foreclosure
There are so many foreclosures it hurts everyone. The home is sold at a discount which means all the homes in the area are effected. This in turn hurts all of the United Stated because there are so many across the country. There a still a number of homes with arm loans (adjustable rate mortgages). It is expected that these homes will also be in forclosure. This means the end of this will not be for years to come. We have not even hit bottom yet and were in this for a year. What really gets me is with gas prices the way they are and the state of the real estate economy, we could end up in a depression. Please let me know what you think of all this. |
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May, 2012
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