Comments on: Mortgage Crisis:The Knee Bone’s Connected To The Leg Bone http://www.biggerpockets.com/renewsblog/2008/01/06/mortgage-crisisthe-knee-bones-connected-to-the-leg-bone/ Learn, Network, Invest Sat, 11 Feb 2012 23:51:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tara Jacobsenhttp://www.biggerpockets.com/renewsblog/2008/01/06/mortgage-crisisthe-knee-bones-connected-to-the-leg-bone/#comment-53493 Tara Jacobsen Tue, 08 Jan 2008 02:09:23 +0000 http://www.biggerpockets.com/renewsblog/2008/01/06/mortgage-crisisthe-knee-bones-connected-to-the-leg-bone/#comment-53493 I would agree with the "want to come to the US" commentor if I hadn't spent the last two years in the Clearwater Florida real estate market. We thought that way for years, but now that we have tax, insurance and employment problems we are hemoraging citizens. According to our local paper, it costs about three times as much to rent a U-Haul leaving the state as it does to rent one coming into the state! Being a great country doesn't guarantee that people will continue to want to come here any more than fabulous weather is able to overcome some serious local problems. I would agree with the “want to come to the US” commentor if I hadn’t spent the last two years in the Clearwater Florida real estate market. We thought that way for years, but now that we have tax, insurance and employment problems we are hemoraging citizens. According to our local paper, it costs about three times as much to rent a U-Haul leaving the state as it does to rent one coming into the state! Being a great country doesn’t guarantee that people will continue to want to come here any more than fabulous weather is able to overcome some serious local problems.

]]> By: fathersezhttp://www.biggerpockets.com/renewsblog/2008/01/06/mortgage-crisisthe-knee-bones-connected-to-the-leg-bone/#comment-53469 fathersez Mon, 07 Jan 2008 08:45:07 +0000 http://www.biggerpockets.com/renewsblog/2008/01/06/mortgage-crisisthe-knee-bones-connected-to-the-leg-bone/#comment-53469 One great thing the US people have going for them is that a large part of the rest of the world wants to come to the US.So the fear of the properties rotting may be a little overblown. Of course, the US is just not going to open the doors and say, everyone is welcome. And not all unsold houses are at premium or choice places.But it may be worthwhile to remember that there is a vary big unmet demand out there. One great thing the US people have going for them is that a large part of the rest of the world wants to come to the US.

So the fear of the properties rotting may be a little overblown. Of course, the US is just not going to open the doors and say, everyone is welcome. And not all unsold houses are at premium or choice places.

But it may be worthwhile to remember that there is a vary big unmet demand out there.

]]> By: Best Registry Fixhttp://www.biggerpockets.com/renewsblog/2008/01/06/mortgage-crisisthe-knee-bones-connected-to-the-leg-bone/#comment-53467 Best Registry Fix Mon, 07 Jan 2008 08:36:13 +0000 http://www.biggerpockets.com/renewsblog/2008/01/06/mortgage-crisisthe-knee-bones-connected-to-the-leg-bone/#comment-53467 I agree with Rick... This is a problem. I agree with Rick… This is a problem.

]]> By: Rick Marnon, mortgageshttp://www.biggerpockets.com/renewsblog/2008/01/06/mortgage-crisisthe-knee-bones-connected-to-the-leg-bone/#comment-53448 Rick Marnon, mortgages Sun, 06 Jan 2008 22:16:40 +0000 http://www.biggerpockets.com/renewsblog/2008/01/06/mortgage-crisisthe-knee-bones-connected-to-the-leg-bone/#comment-53448 This is a huge problem. I agree that you will see another surge of foreclosures, because of ARMs adjusting, and there being a rise in consumer debt. Also there aren't many new jobs as you said. What is it going to take to get out of this recession? This is a huge problem. I agree that you will see another surge of foreclosures, because of ARMs adjusting, and there being a rise in consumer debt. Also there aren’t many new jobs as you said. What is it going to take to get out of this recession?

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