2010-07-30 — dailyfinance.com
"There are a number of theories about why stimulus programs and all-time low mortgage rates have failed to breathe new life into the nation's real estate market. The supply of homes remains bloated, home prices continue to be depressed and the foreclosures keep coming."
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catherine at 03:26 2010-07-31 said:
"""As each month passes, it has become clearer that unemployment is the single greatest cause of high foreclosure rates and falling home prices. The correlation between cities with high jobless rates and extremely high foreclosures is stunning. """ CAREFUL people on this site will still argue with THIS FACT. Everytime that is said a few will follow every story and bash it BECAUSE THE MEDIA HADN'T HANDED TO THEM ON A SILVER (IDIOT) PLATTER. The media has so diminished the news of DEPRESSION ERA, UNBELIEVABLE UNEMPLOYMENT NUMBERS that no one connected these dots..... the blamed the ENTIRE mortgage industry...............then when they had closed down 384 of us THEY STARTED BLAMING THE BORROWERS.................and finally we are looking square at the GOVERNMENT'S policies that are ENDING PRIVATE INDUSTRIES EVERYWHERE YOU LOOK............ 459,000 last week lost their jobs AND NO MEDIA OUTRAGE, NO BLAMING OF THE PEOPLE IN CHARGE.............NOPE MOVE ALONG............NO STORY HERE EXCEPT DEPRESSION............... GIVE PEOPLE JOBS AND THEY WILL TAKE CARE OF THEMSELVES............ Permalinkadd a comment | go to forum thread
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