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Strategies & Market Trends : Strictly: Drilling II
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To: loantech who wrote (27477)2/4/2003 6:30:07 PM
From: Casaubon  Read Replies (1) of 36161
 
that's not hard for me to believe. Houses are frequently willed to descendants, etc. The problem is not those who own but, those who don't. Due to the bubble, many people were scared/forced to buy at inflated prices. Also, they were convinced into "buying the most house they could afford". These two factors lead to mushrooming debt loads for new home owners. On top of that, the housing bubble has caused assessment values to balloon so tax burdens have risen, too! Bad predicament in a rising unemployment situation.
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