Monday, December 15, 2008

CBS on the mortgage meltdown

It gets scarier.

 

posted at 3:08 PM

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2 comments:

  1. Anonymous2:03 AM

    OK, Now I see what you were talking about when you mentioned a "second wave" of foreclosures. I hadn't heard about this stuff -- the deceitful scams in Florida disgust me. I myself am optimistic that if Obama can get a smart stimulus package through quickly, we can be rebounding by Q2 '09, and the low interest rates can also help create a floor for real estate prices (at least, in the neighborhoods close to good jobs, like much of Silicon Valley). But on the flip side, if a second, bigger wave of foreclosures really does occur in 2009, and prices do plummet this badly, maybe Cindy and I can get our property taxes re-appraised.

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  2. Unknown9:56 PM

    You should definitely consider trying to get a lower tax assessment. I want prices to bottom out right after we buy.

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