Foreclosure has been steadily going up, the economy is uncertain, with Bernanke still guessing what to do the with the short term rate. Who are we to blame for this biggest real estate appreciation of the history, closing with a bust! Is that the irrational exuberance of the people
who invested their money. Seeking financial boost for the nest egg. A lot of questions would be lingering within the coming months.
Help would not really come from uncle bernanke, nor the government would take any steps to curb the number of foreclosures in the market. With the war still at peaks, and recession on his in the country, for the growing number of people who are agitated with the discount rate being up for almost 21 straight months straight.
We need to get a help or atleast a guidance from the government. How safe is our biggest investment, from the pitfull!.