Reply #39: Yep.

[TicketyBoo]

That's exactly what was going on, and it still is, helped along with that $8,000 tax credit which makes it so people are buying just to get the $8,000.

Watch all the foreclosures happen once those $8,000 rebate checks go through.

I have a friend who is single and on disability who was paying $350 a month rent for a one-bedroom apartment and got rent assistance that paid almost half of that. She just bought a $100,000+ three-bedroom house.

Does it sound like things have improved as far as predatory lending is concerned? Not to me.