You can't forget that the problems in the housing market are not limited to
credit/mortgages. There is also an invertory problem. Too much.
----- Original Message ----
From: oakdorf <[EMAIL PROTECTED]>
To: AsburyPark@yahoogroups.com
Sent: Monday, December 3, 2007 12:59:10 PM
Subject: [AsburyPark] Re: The "Mortgage Crisis" Report to the U.S. Conference
of Mayors
--but those borrowers are still faced with payments on a home they
might of over paid for or were weak getting into, high credit card
rates to buy the car to go with the house, the furnishings and clothes.
If the feds want to really help, they would cut everyone's property
taxes in HALF for 5 years. that would return $300 to $700 month in a
homeowner's pocket...so it could be pissed away somewhere else. (skip
the "rich" and limit the credit).
If you go to save it and aren't careful, it will get sucked out of
your retirement fund or other investment.
And guess where that tax savings would come from - that school tax.
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