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wysingm Donating Member (115 posts) Send PM | Profile | Ignore Mon May-09-11 01:37 PM
Response to Original message
15. In the deep ...
Edited on Mon May-09-11 02:25 PM by wysingm
I imagine a lot of people lose there homes because they are unable to refinance their higher rate mortgages and take advantage of low rates due to a collapse in their home value...

and,

because theyre restricting the supply to owner-occupants and not investors.

That strategy isnt working...
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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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