the housing crisis

it may be a buyer’s market right now, but it sure isn’t a homeowner’s market. as i drive through town every day i see for sale sign after for sale sign. some have been there a long time while others are newly installed. i’ve heard of one person offering a $10,000 check to the person who buys his house. it’s a buyer’s market, but the buyers aren’t buying. that’s probably because of mortgage problems going on right now. it seems like every time i turn on the tv i hear about foreclosures. they are happening all over the place. people can’t pay their mortgages. and i’m sure that will in turn affect the markets for loans and secured loans. luckily, no one i know is going through foreclosure. it’s a scary situation.

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