Comments on: Foreclosures Overwhelming California Homeowners http://www.advocate-2.com/2010/10/foreclosures-overwhelming-california-homeowners/ Business and Legal Blog Tue, 27 Mar 2012 18:08:03 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: baton rouge short sale http://www.advocate-2.com/2010/10/foreclosures-overwhelming-california-homeowners/#comment-921 baton rouge short sale Mon, 10 Jan 2011 05:40:18 +0000 http://www.advocate-2.com/?p=259#comment-921 Fair enough, though I’m not sure I agree that government involvement has really turned out that well. Countries like Australia have similar homeownership rates without mortgage interest deductions, and I believe much of the volatility in our housing market is a result of these government programs Fair enough, though I’m not sure I agree that government involvement has really turned out that well. Countries like Australia have similar homeownership rates without mortgage interest deductions, and I believe much of the volatility in our housing market is a result of these government programs

]]> By: baton rouge short sale http://www.advocate-2.com/2010/10/foreclosures-overwhelming-california-homeowners/#comment-920 baton rouge short sale Mon, 10 Jan 2011 05:39:28 +0000 http://www.advocate-2.com/?p=259#comment-920 The media accurately reports that the number of homes that are “underwater,” that is, worth less than the debt owed on them, dropped in the third quarter. Once again, that sounds like good news. But because this drop is largely due to mounting foreclosures rather than a rise in property values, what we have is another sign of things not getting better, but worse. People are going to need more help from Brookstone, and others, not less. The media accurately reports that the number of homes that are “underwater,” that is, worth less than the debt owed on them, dropped in the third quarter. Once again, that sounds like good news. But because this drop is largely due to mounting foreclosures rather than a rise in property values, what we have is another sign of things not getting better, but worse. People are going to need more help from Brookstone, and others, not less.

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