02-19-2009, 05:12 AM
$tevie wrote:
I think that your fatal assumption is that you believe we are discussing people who currently are in trouble, and you are completely ignoring the fact that this is not over yet.
How good will it be for the economy when people are walking into the banks to drop off their keys and leaving town? Your house won't be worth a damn at that point. It happened in Alaska when my brother lived there in the 80s, albeit for a different reason. When there is a glut on the market for houses, we will all suffer.
Why would they leave town? Have all these people lost their jobs too? No, they move into something they can afford. Why will we all suffer when there is a glut of houses on the market? kj.