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Comments So Far: 7

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  Charlson1 month, 3 weeks ago

  The economy has so many negative factors that our problems are starting to have a snowball effect.

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  airglide1 month, 3 weeks ago

  Let's say your house has a mortgage and value of 200,000. Inflation cuts the dollar in half which makes your house worth double. You pay your loan at 50% of it's value because the dollar is worthless.

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  DaneL1 month, 3 weeks ago

  The housing market WILL rebound, it always does. People just have to learn to live within their means.

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  MajJohn1 month, 3 weeks ago

  Buying a house is like other investments, it can go South or go up in value. So can stock investments. Should the government bail us out every time we make a poor decision or make a bad investment? Don't bother to get on your political high horse, I don't like subsidies or any other bail outs in general.

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  loanmod1 month, 3 weeks ago

  Many lenders will be singing a completely different tune once droves of homeowners start giving back the keys to their homes. Just think about it......would you continue to pay a mortgage on a home that is now $25-$100K upside down? Yes, you will have "foreclosure" or "deed in lieu of foreclosure" on your credit report, but then again so will millions of other former homeowners. It will get to the point where the credit bureaus and lenders will simply have to give a "pass" on this transgression, due to the masses of Americans that this will affect. Besides, these will be the same people that will be called upon to buy up all of the inventory that will now be on the market. Who else is going to help turn the real estate market around?

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  OncejesterwasI1 month, 3 weeks ago

  Time will turn the housing market around. All we home owners have to do is keep paying the mortgage. (at least those of us who can.) When housing prices rebound we will have regained everything we have "lost".

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  THOMNH621 month, 3 weeks ago

  if I remember correctly it was about 1998 when the condo I bought a yr earlier went upside down due to a falling market, it took ten yrs to recover the equity and be able to sell and move up. Why is now so different, why are we bailing out people who are upside down, nobody offered to bail me out I had to just ride it out. OH and laonmod if you just do a quick search in say western Fl, they are already giving them back by the hundreds.

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