scotty1560

Deflation on the Ski Slopes?

He might be right..if I'm correct the peak of ARM resets is 2012?

It certainly feels ugly out on the street..foreclosures everywhere..
unless the government steps in and backs the lenders on foreclosures..
let the primary homeowner walk...most have taken enough blows..loss
of down payment and improvements..loss of credit rating...get it over with
and build a new base...

Right now the banks are very slow and properties are just running down sitting
vacant...that is an on going cancer...in the interest of the country to stabilize
the foreclosures and the banks need to maintain the empty homes..

Investors properties are a different case study, but I say support the primary homeowner...guys that bought in the last 3-6 years are getting slaughtered.