About 75.5 million U.S. households own the homes they live in. After a housing slump that has pushed values down 30% in some areas, roughly 12 million households…
October 10th, 2008 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "homeowner"
Being a Homeowner is the Beginning of House-Induced-Bankruptcy
Someone is going to have to pay the piper for all those granite counter tops and plasma TVs. The price tag is staggering and for all the bailouts and stimulus packages, all the government can do is exacerbate the losses and shift the burden through inflation. Nor can the government resurrect bubble home prices and the fantasy of real estate riches that went along with them…
August 5th, 2008 | Mogambo Guru | 9 comments | Continued
