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Shots In The Dark
Tuesday, July 25, 2024
  The Tip of the Housing Iceberg
Here's a story you're going to hear a lot more about before too long: In Massachusetts, home foreclosures are up 66% from last year, thanks to the combination of rising interest rates and adjustable interest rate mortgages.

I have a feeling this is going to be a huge problem...the real collapse of the real estate bubble.
 
Comments:
Just refinanced: 6% for 30 year fixed, baby!
 
On a house that may be worth half what you paid for it? Whoopee!
 
If you find a functional 4 BR house in North Shore Long Island selling within the next 10 years for $185,000 (half what I paid at the onset of the Bubble), I will buy you one ger in the Mongolian steppe for every of your children, your children's children and their children. Meanwhile, keep renting.
 
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Name:richard
Location:New York, New York
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