JTF.ORG Forum
General Category => General Discussion => Topic started by: MasterWolf1 on November 09, 2012, 01:44:48 AM
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http://www.inman.com/news/2012/07/9/foreclosure-inventory-remains-near-all-time-high
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I thought it was going to be about Obama imposing his [moral] values on people.
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Yes, this is one of many things that is distressing.
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It is the shvartza Administrations opinion that home prices should be far lower than they are now... This is all well and fine for people like myself who bought their homes many moons ago when prices were far lower than they have been in the past few years...People who bought homes in the so called housing bubble really are in a world of trouble with the policy coming out of Washington today... Had the government allowed the foreclosure process to take place from the start the market would have cleaned itself up by now... The system in place gives little or no incentive to people who work hard pay their bills and live within their means... Sadly they are the ones that in the end are going to suffer more because they are the ones that have far more to loose in today's crazy financial picture.
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Stinks if you want to sell your home. Good if you have been saving up for your first home. I'm in the second part.
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Yes. The banks were probably told by the Obama administration not to foreclose. Hence the increase in home prices in the last 3 months. Watch for that inventory to now hit the market