Housing Slump May Worsen Next Year, Not Get Better

December 4, 2009

Residential and General

Housing slump worsening is actually pretty good news for the real estate investors.   With the way this recession has been going, it’s been hard to make heads or tails of anything.   Rather than letting the economy take its natural predictable course, the government interference and all of the programs they’re coming up are delaying the housing slumpinevitable.  

The bottom line is we do have a huge amount of “upside down” homes, banks lost tons of money in equity, and eventually it all has to hit the market.    Fannie/Freddi lease-back programs, loan modification programs, and temporarily bailouts are a total waste of money, because eventually homeowners will have to move out of these homes and start all over.  So why drag it out?

http://finance.yahoo.com/news/Housing-Slump-May-Worsen-Next-cnbc-2034242881.html?x=0&.v=1

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