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Title: [ECON] 1/10 Post by: Aske on December 05, 2008, 11:06:37 AM http://cbs4.com/national/foreclosure.industry.group.2.880596.html
Title: Re: [ECON] 1/10 Post by: dystopia on December 05, 2008, 02:08:54 PM 1 in 10 is crazy. I'm having trouble comprehending that.
Title: Re: [ECON] 1/10 Post by: MFAWG on December 06, 2008, 08:45:27 AM That seems kind of high, but then again we've lost a few million jobs, and I've heard that ACTUAL unemployment is probably in the 8 or 9 pct range...
Title: Re: [ECON] 1/10 Post by: gleek on December 06, 2008, 09:03:27 AM If all these people bought homes at inflated prices that they can't afford to pay back, where are all the people who made out like bandits by selling these homes at highly-inflated prices in the first place?
Title: Re: [ECON] 1/10 Post by: stroh on December 06, 2008, 09:12:45 AM I'd say the ratio in my neighborhood is about 6 out of 10.
The 2 house to my left are bank owned. The one to my right was bank owned for over a year and was finally bought for 50 cents on the dollar. :sad3: |