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Updated about 16 years ago on . Most recent reply

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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
3,504
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5,700
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different states have different problems---Utah

Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Posted

http://www.sltrib.com/business/ci_13546100?source=rss

Utah is one of my ex stomping grounds. A couple years ago, all my Utah friends told me their state would be immune to the problems in other states, because everyone wanted to live there. I told them they had been drinking too much Mormon tea(I'm Mormon). I explained that different states would arrive at the foreclosure party at different times. They'd have no part of the thought.
Lately, there have been many predictions that salt lake and provo/orem won't hit bottom for a couple more years. This new article is explaining how BKs are up 68% since same time last year. This is a good item to look at in your area to see if your state is continuing to weaken. Rich

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