Financial Advice Zone

Housing Market Crash

The housing market crash is something that had been on the burner for quite some time. I remember as an Ameriquest loan officer in St. Pete, FL telling my office mates how over priced the properties where at Sarasota, FL. I remember saying that it was inevitable that a housing market crash would come.

We are in a housing market crash because for a very longtime we played with the interest rate in our mortgages, in the process getting more and more home for the loan payment, now the interest have risen and the house has come down in value so we have a bunch of homeowners upside down. Upside down meaning that you owe more than the house is worth hence the housing market crash.

We must understand that the housing market crash has not only destroyed homeowners but it has taken with it well established mortgage companies in the process, it seems that every day we discuss the housing market crash and in the same story we mention a new mortgage company going under.

Now the housing market crash can also be a blessing for the savvy investor, if you have the cash this is the time to buy, the housing market crash has caused a flood of properties once worth two and three times what they are worth today, once this housing market crash goes over all this homes will start to come up in price and make many real estate investors rich three times over.

So if you have some money in savings this might be the time to take advantage of others people misfortune in this housing market crash and make tons of money.

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