Posts Tagged ‘housing bubble’
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. Read more »
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