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Buyers and sellers are cautioned to keep tabs on sales and prices of all homes. As spring approaches with its seasonally more active
market, a clearer picture of the spotty market should emerge — for better or for worse.
Comment by San Antonio lawyer — January 30, 2007 @ 11:52 am
1. Americans in aggregate are spending 120% of their income!
2. We are more in debt than at any time in history and borrowing more
at a furious rate!
3. The savings rate in America is almost nil.
4. The Federal Reserve is printing huge amounts of new dollars,
creating them from thin air. The new dollars contribute to rising
inflation.
How will we handle bad times? I am afraid not well at all.
Comment by Lasik doctor — January 30, 2007 @ 11:55 am
Most households and individuals in these markets are in heavy debt already and have been funding their consumption and investments through refinanced mortgages at historically (and artificially) low interest rates in economies running ridiculous monetary and credit expansion policies.
Comment by acne treatments — January 30, 2007 @ 12:08 pm
I believe a lot of people who purchased with subprime loans and were not really qualified have to accept the inevitable consequences and perhaps build up their savings and credit while renting until the next purchase opportunity.
Brad
SD CA Breast Lift
Comment by San Diego breast lift — March 10, 2008 @ 10:55 am