poco
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http://www.housingwatch.com/2010/02/17/the-coming-foreclosure-flood/?icid=main|main|dl2|link3|http%3A%2F%2Fwww.housingwatch.com%2F2010%2F02%2F17%2Fthe-coming-foreclosure-flood%2F
Heartened by the recent rise in home prices? Don't get too comfortable. Standard & Poor's, the credit-rating agency that tells investors what mortgage-backed securities are worth, reports that the increase was just an illusion. It predicts the nation is about to see a deluge of new foreclosures that will drive real estate values back down......
This is exactly why I have no interest in buying a home right now. Sold (selling) my last one at a short sale and getting out from under all this mess. So many people around here are renting their homes and the rents are so cheap it is unbelievable. I think I'll just keep renting and let someone else pay for the new AC, new roof, new water heater, etc etc. It really just isn't worth it to own a home anymore.
Heartened by the recent rise in home prices? Don't get too comfortable. Standard & Poor's, the credit-rating agency that tells investors what mortgage-backed securities are worth, reports that the increase was just an illusion. It predicts the nation is about to see a deluge of new foreclosures that will drive real estate values back down......
This is exactly why I have no interest in buying a home right now. Sold (selling) my last one at a short sale and getting out from under all this mess. So many people around here are renting their homes and the rents are so cheap it is unbelievable. I think I'll just keep renting and let someone else pay for the new AC, new roof, new water heater, etc etc. It really just isn't worth it to own a home anymore.