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.
Hi David, You'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.
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.