Not a pretty picture painted by the media...home ownership is escaping the & middle class families in alarming rates....down payment assistance programs being done away by our congressman & senators.
The Las Vegas area, where home prices fell -37.6 percent June 2007-June 2008. Las Vegas had the third-highest foreclosure rate, with one in every 35 households, RealtyTrac said. YIKES!!!
Next real question: What will happen after down payment assistance programs are done away by the government???
One in every 171 households was foreclosed on, received a default notice or was warned of a pending auction. That was an increase of 121 percent from a year earlier and 14 percent from the first quarter, RealtyTrac Inc. said today in a statement. Almost 740,000 properties were in some stage of foreclosure, the most since the Irvine, California-based data company began reporting in January 2005.
Can I just put out the BATLIGHT on top of Caesar's Palace in Las Vegas and hope that Christian Bale will appear and put a complete end to all of this? What are your thoughts?
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