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Reply #8: "Vicious circle(s)" -- home prices declined, foreclosures increased driving prices lower. . . . . . [View All]

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Hoyt Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-09-11 12:02 PM
Response to Reply #5
8. "Vicious circle(s)" -- home prices declined, foreclosures increased driving prices lower. . . . . .

economy tanked, unemployment increased, home prices declined, people lose confidence, home prices decline, foreclosures increase, suicides increase, people with no insurance get sick and lose home to foreclosure, on and on and on.
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  -No end in sight to foreclosure quagmire Keith Bee  May-09-11 11:18 AM   #0 
  - recommend  xchrom   May-09-11 11:18 AM   #1 
  - Oh the joys of laizze-faire governance amid rabidly RW governance  indepat   May-09-11 11:37 AM   #2 
  - Our Galtian overlords won't be happy until we are all renters  n2doc   May-09-11 11:44 AM   #3 
  - And just who's getting foreclosed on now, eh?  Roland99   May-09-11 11:47 AM   #4 
  - 2 years of free rent too.  dkf   May-09-11 11:48 AM   #6 
  - 700,000 people a year have medical bill-related bankruptcies.  truedelphi   May-09-11 11:59 AM   #7 
  - Unemployment. nt  PassingFair   May-09-11 12:07 PM   #9 
  - My neighbors are walking out on their home.  truedelphi   May-09-11 12:51 PM   #11 
  - a big part of the problem I would say ...  wysingm   May-09-11 01:49 PM   #16 
  - My boss had to do a short sale. Couldn't keep up with payments on his $1.2 M house.  slackmaster   May-09-11 12:57 PM   #12 
  - I know somebody personally who did exactly that  bluestateguy   May-09-11 04:32 PM   #17 
  - Isn't it actually the collapse of home prices, not necessarily foreclosures that are the problem?  dkf   May-09-11 11:47 AM   #5 
  - "Vicious circle(s)" -- home prices declined, foreclosures increased driving prices lower. . . . . .  Hoyt   May-09-11 12:02 PM   #8 
  - The glut of foreclosures is a key driver of the price declines.  girl gone mad   May-09-11 12:35 PM   #10 
  - Foreclosure is a problem for the family that loses a home. Declining prices are both bad and good.  slackmaster   May-09-11 04:52 PM   #18 
  - I wish you had used a story referencing that the  truedelphi   May-09-11 12:58 PM   #13 
  - I wonder if this will make it into the "Too Big to Fail" movie coming out.  Arctic Dave   May-09-11 01:28 PM   #14 
  - In the deep ...  wysingm   May-09-11 01:37 PM   #15 

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