mlimberg

Are Short Sales Shorting the Real Estate Market?

I agree with westwest888, much higher interest is the best solution to get out of this mess. Waiting for the non-fixed loans to reset will drag this issue out for the next 6 years... or the max length of the non-fixed loans. 8 or 9% will bring the price of a home to reasonable levels.

It's like buying a car, they want to sell you the car based on the payment... The only figure I want to know is the cost of the home... Any mention of payment is based on this cost first and the interest can be changed as time goes on and according to market conditions.