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View Diary: Housing Crisis, Potential Recession Loom Large in Battleground States (174 comments)

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  •  Rents coming down (2+ / 0-)
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    wa ma, dconrad

    Some people have been trying for months, first to flip houses like the TV said would bring them instant profit, then to break even, then to unload their overfinanced albatross properties for what they can get, and now, to rent. And they're still not moving.  Same with the new overdevelopments that have priced themselves out of the market.

    Some of these people will save the houses from foreclosure by renting at whatever the market will bear, maybe for less than the ARM, but for enough to give them some cash flow to bring ends closer to meeting.

    There will be bargains, for those who are prepared.

    "...And I woulda got away with it, if it hadn't been for that meddling Kos!" ---attributed to Tom DeLay

    by AdmiralNaismith on Tue Nov 27, 2007 at 10:34:35 AM PST

    [ Parent ]

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