Currency Market Predicts Bailout Is the End of the Credit and Housing Crunch [View article]
The reason the 'demand for housing' is on the sideline is simple. Joe Sixpack can not qualify for a fully amortized loan payment - he never could. You can not give him a 100% loan - he does not have the money skill set to handle home ownership.
Currency Market Predicts Bailout Is the End of the Credit and Housing Crunch [View article]
Joe Sixpack can not qualify for a fully amortized loan payment - he never could. You can not give him a 100% loan - he does not have the money skill set to handle home ownership.