A Satellite Tour of Foreclosure Wastelands
If you are a visual learner, you will be impressed or even shocked by a satellite map view of cities where foreclosures are dominating the real estate landscape.
I believe the foreclosure problems today would be far less, if the government had not intervened with all of its futile “save the underfunded homeowners who over-borrowed” programs. All this did was delay the inevitable.
Here is the link to the satellite tour.: A Frightening Satellite Tour Of Americas Foreclosure Wastelands.
Do you think when all of this over lenders will remain steadfast in requiring substantial down payments and rock solid personal balance sheets? I think most will until some idiot politician renews the call for “homeownership for everyone.”