Bank: Half of U.S. Mortgages Underwater by 2011
NO MORE Mortgage has found a very interesting article about today’s housing market. The last line is very telling.
If the main prediction comes true (see paragraph 3) then there can be no economic recovery until this issue is fixed, and/or the bubble completely bursts.
Right now the markets believe we have “dodged the bullet†but NO MORE Mortgage continues to believe that we have only papered over the problem, and it will come back with a vengeance.
For the rest of the story visit www.yahoo.com
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Filed under News, No More Mortgage, Real Estate by on Aug 13th, 2009. 
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