Here is a very interesting article that has everybody on edge. Now analysts believe that the housing market is going through a depression - and one greater than in the Great Depression of the 1930's. Here is excerpt from the article that I think sets the motif for what's to come:
"Prices continue to tumble despite affordability, which by most conventional metrics is near historic highs." Click on the link below and read more:
US Housing Crisis Officially As Bad As Great Depression - CNBC
There is no doubt in my mind that rising unemployment and dollar devaluation by the federal reserve is causing so many of these low-balled homes remain at a distance from deserving home buyers. During times like this, we need to start thinking out of the box - and for most things go back to the principles of our nation's founders.
Harry Santiago Jr.
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