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American new business: Buy a house and live for free.

By REpro follow REpro   2011 Aug 31, 1:10am 1,960 views   5 comments   watch   nsfw   quote   share    

Or rent it out. 37% of mortgagors have not made a payment in more than two years. Some redfin.com listing is showing short sale for more than 1,000 days. It also shows us how serious shadow inventory is.
http://money.cnn.com/2011/08/31/real_estate/housing_market_foreclosures/index.htm?iid=HP_Highlight

#housing

1   FortWayne   ignore (4)   2011 Aug 31, 1:18am     ↓ dislike (0)   quote   flag      

Thats Obama voters right there.


Dear Obama,

I've made some bad decisions, please send tax dollars this way.

Sincerely,

Deadbeat

2   REpro   ignore (0)   2011 Aug 31, 1:32am     ↓ dislike (0)   quote   flag      

Patrick, accidently was placed in Miscellaneous Forum. Should go to Real Estate Forum. Don’t know how to move.
Hey, consumers spending are improving.

3   American in Japan   ignore (0)   2011 Aug 31, 1:55am     ↓ dislike (0)   quote   flag      

Hmmm... Is this graph representing all homeowners wth mortgages? Or just those who are behind. If it is the former, them as I understand it 89% of mortgagees are over 6 mo. behind??

4   tatupu70   ignore (0)   2011 Aug 31, 2:13am     ↓ dislike (0)   quote   flag      

American in Japan says

Hmmm... Is this graph representing all homeowners wth mortgages? Or just those who are behind. If it is the former, them as I understand it 89% of mortgagees are over 6 mo. behind??

Yes--you are right. It's not 37% of all mortgages.

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