The news reported today that 4 years (4 years!) of gains in the housing market have been wiped out. Basically, anyone that bought within the last 3-4 years has lost their shirt or is sitting on property for which they owe more than it is worth.
The full story is HERE, and I encourage all my readers to click on the link.
May God have mercy on them.
1 comment:
It will turn around. Unfortunately, I don't know if the lesson will be learned.
What hasn't been as takled about is the rapidly increasing crime rate. Desperate times cabn bring out the best in people, but they can also bring out the worst. The impact of the housing crash is far, far reaching.
Post a Comment