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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (244238)4/27/2010 1:03:46 PM
From: John VosillaRead Replies (1) | Respond to of 306849
 
Actually many people's debt levels are much lower than 3-4 years ago now that they aren't taking on huge mortgages from the bubble days. Also millions living for free 2-3 years until the bank finishes foreclosing. Others have restructured debt to generational low fixed rates and still others walked away from mortgages and rent and (or) traded in their Beemer for a Prius cutting their payments in half. Larger corporations and those who planned for this should have the best balance sheets of all


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