foreclosure crisis: The Foreclosure Sinkhole
- 10/11/10 08:45 AM
This was too good not to re-post. A write-up by economist Bill Fisher of Mortgage Coach about the recent foreclosure crisis. An excellent take on the situation. Enjoy!
The Sinkhole by Bill Fisher
Imagine we're all living in a giant condominium development, skyscrapers crammed with condos, all in a very large ring. At the center of this ring, where landscaping was being developed and possibly more units were to be built, a huge sinkhole has suddenly appeared.
No one has been able to fathom its depth just yet. It just seems like it could keep going and going. Around the sinkhole, … (1 comments)
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This was too good not to re-post. A write-up by economist Bill Fisher of Mortgage Coach about the recent foreclosure crisis. An excellent take on the situation. Enjoy!
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