Rolandownthehill

U.S. Housing Nearing Bottom, But Foreclosures Worrying

From the New york Times!
Lucrative Fees May Deter Efforts to Alter Loans
www.nytimes.com/2009/0...

U.S. Housing Nearing Bottom, But Foreclosures Worrying

Problem is the banks are just to greedy and won't modify the loans so people can live with the real wages they earn. There are masses of homes that haven't sold and and more that haven't foreclosed yet. I suggest everyone read, "Jeff Nielson" The Truth about U>S> housing numbers. I can't believe how rotten the whole system really is! And the commercial real estate hasn't even begun to show how bad it's going to get. Not to mention, unemployment is still going on big-time. I think the real bottom is years away. Wonder how many Americans will have wages that can afford a house anymore with the new cap and trade and health care bill. Taxes are predicted to increase from 50 to 80 percent. Who can afford a house here, let alone be able to live. How can the economy recover when were headed down the road, with the same policies of the Roosevelt era?