Quote:
Originally Posted by Sharroll Celby
I think that with the lowering of home prices, more responsible people will actually be buying homes in the near future.
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True, but the ironic thing is that the government programs are geared to maintain house values versus allowing values to decline to a more reasonable level. Also, refinancing of those who got in too deep is now going south with that group starting to default once again, big time. Next, commercial property will be going south - in huge numbers with more banks going down.