Quote:
Originally Posted by merrylander
So you would think that our brilliant bankers would want the home building sector to expand. But no, they are flooding the market with foreclosures.
Frankly it is a totally dumb-ass mortgage system in any case, but these brilliant bankers sure are not helping.
BTW ours just increased $9,000 in the last two months.  |
The brilliant bankers are not flooding the market with foreclosures. Folks who got into mortgages that were way north of their ability to pay them flooded the market with foreclosures.
Glad to hear your housing market is showing signs of life though. Here in Detroit, the market has totally flat-lined.