Foreclosures
The Consequences of Too Much Debt
Wednesday, August 6th, 2008Too much debt leads to all kinds of symptoms.
For instance, stress. Late fees. A sense of impending doom.
We even have a phrase to describe the symptom of spending too much on a house. We call it being “house poor.”
In other words, you’ve got all your money tied up in the house — so you can’t [...]
Popularity: 2% [?]
Which House Is the Better Deal?
Tuesday, August 5th, 2008Over the weekend, I wrote a “Pros/Cons” list to help decide whether we stay in our current rental home or try to buy a home.
After finishing the list, I had four items listed as “negative” and 16 items as “positive.” The cons were against buying a home, while the pros were in favor of buying [...]
Popularity: 2% [?]
18.6 Million Empty Homes
Thursday, July 24th, 2008What happens when debt levels spin out of control?
Bankruptcy, of course.
And foreclosure.
Banks have seized so many properties that 18.6 million houses, apartments, and condominiums now stand empty.
In case you didn’t know, that’s an all-time record.
But don’t wait for a recovery any time soon. We’ll probably see foreclosures spike during fall 2008 and spring 2009.
Which means [...]
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Plunged into Economic Darkness: The Financial Blood Bath of 2008/2009
Friday, June 20th, 2008The U.S. economy is growing weaker by the month. Here are four major factors that will cause the U.S. economy in particular, and possibly the world economy in general, to collapse during the next 6-18 months.
Factor #1: Foreclosures
The housing market continues to take a beating. All you have to do is search for “home sales” [...]
Popularity: 4% [?]
