Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on February 20, 2010, 10:05:30 AM
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Nearly 6 Million Foreclosures in Past 3 years - 3 Million More Expected in 2010
CBS) In its "Where America Stands" series, CBS News is looking at a broad spectrum of issues facing this country in the new decade.
CBS News correspondent Ben Tracy report the American Dream is now a nightmare for many of the 75 million Americans who own a home.
The housing report card is ugly. In the past two years, the housing market has lost an estimated $4.9 trillion dollars, as 59 million homes have declined in value.
Nearly 1 in 4 homeowners -- 10.7 million households nationwide -- are underwater on their mortgages. They owe more than their home is now worth.
The housing market is so bad in California, that a bank demolished 16 nearly completed homes - because it was cheaper to knock them down, than to finish them.
Home building across the country is almost non-existent. In 2005, 2 million housing units were built in this country. Last year, that number dropped to nearly a quarter of that.
cnt: http://www.cbsnews.com/stories/2010/02/02/eveningnews/main6167610.shtml
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Nearly 6 Million Foreclosures in Past 3 years - 3 Million More Expected in 2010
CBS) In its "Where America Stands" series, CBS News is looking at a broad spectrum of issues facing this country in the new decade.
CBS News correspondent Ben Tracy report the American Dream is now a nightmare for many of the 75 million Americans who own a home.
The housing report card is ugly. In the past two years, the housing market has lost an estimated $4.9 trillion dollars, as 59 million homes have declined in value.
Nearly 1 in 4 homeowners -- 10.7 million households nationwide -- are underwater on their mortgages. They owe more than their home is now worth.
The housing market is so bad in California, that a bank demolished 16 nearly completed homes - because it was cheaper to knock them down, than to finish them.
Home building across the country is almost non-existent. In 2005, 2 million housing units were built in this country. Last year, that number dropped to nearly a quarter of that.
cnt: http://www.cbsnews.com/stories/2010/02/02/eveningnews/main6167610.shtml
Bindare - see my thread anout high UE forever, get used to it.
There are some scary facts in there that relate to this. Its very depressing and I wish I were a kool-aiding, knee-padding, hope-and-changing, dolt believing in rainbows, butterflies, and miracles, but I know better.
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hey bindare listen to those michael hudson interviews I posted.
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hey bindare listen to those michael hudson interviews I posted.
Will do once things slow down here, I'm moving tomorrow. How's things with you?
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Will do once things slow down here, I'm moving tomorrow. How's things with you?
things are crazier than ever but I'm having fun. :D.
The night before is always a pain in the ass in getting things organized. Have a good move! :)