Housing Blogs
housing, mortgages…
RSS | Visita nuestra web 
- In Hock
-
Livin’ on a Prayer — Bon Jovi
I remember the atmosphere in the real estate market in 2004. There was excitement in the air, fortunes were to be made, and everyone had kool aid intoxication. It would have been impossible for those who drank the kool aid to even imagine they could lose money on the deal, particularly after the market continued higher for another 2 years. Fast forward to 2008, and most of these purchasers have less asset value than they paid, and prices are going lower every day. There is much denial in the market still. Everyone is livin’ on a prayer.
…
Original Source
-
26 May, 2008| housingblogs |
@ 20:33