Political Crossfire Forums

[beachbum bob]

the housing bubble is letting loose....california, texas, illinois...florida already hit hard...
this is a financial crisis that is no where near peaking yet...



“The greatest potential for problems is the North Texas foreclosure bubble. So far this year, more than 35,000 homes in the Dallas-Fort Worth area have been posted for foreclosure. More than 15,000 homes have been taken by lenders when the owners couldn’t keep up with the payments.”

“That means more than a quarter of the pre-owned houses up for sale in the Dallas-Fort Worth area are foreclosed properties.”

http://www.dallasnews.com/sharedcontent/dws/bus/columnists/sbrown/stories/111006dnbusbrown.31bbfd3.html