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Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion.
Ouch! Those rates are getting up there.
ReplyDeleteHere come the foreclosures...
ReplyDeletethis is a huge mess. It WILL be ugly. I wish this mess would not have happened in the first place.
ReplyDeleteIt is beyond huge. So many people are going to be bankrupted and the economy - already in trouble - is going to take a mammoth hit.
ReplyDelete5.2% to 5.8% is a payment of $27 per 100k borrowed. This is still switch to AM/PM from Starbucks territory.
ReplyDeleteI just ead somewhere than over 40% of folks don't understand what they entered into and that their adjustable means payments are going to go up.
ReplyDeleteUnbelieveable.
Simssays...
http://www.AmericanInventorSpot.com
AmericanInventorSpot.com
Hi David,
ReplyDeleteYou'll be amused to know I just received an e-mail from MICA condos, advertising $1,500 in gift cards from places like Caribou Coffee, Ceviche, and Whole Foods for signing a contract, and going to settlement. Looks like this pig is springing for some mighty fine lipstick.