Tuesday, August 31, 2010

Housing Crisis Not nearly over yet

As the stimulus programs for housing that some folks say "never worked" go away, we'll be in the situation of "never know what you've got til it's gone." - Joni Mitchell
Amplify’d from news.firedoglake.com

Data Suggests Imminent Spike in Foreclosures

By: David Dayen Tuesday August 31, 2010 9:02 am
The point is that the props for the housing market are gradually being kicked away. Either the economy will suffer from the huge costs associated with foreclosures, or the banks will participate in offsetting the funding. Right now, it looks like the former.
Read more at news.firedoglake.com

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