Friday, March 31, 2017

In the news, Saturday, March 31, 2012


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MAR 30      INDEX      APR 01
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from Business Insider
[Information from this site may not be reliable.]

This Reporter Waded Into The Wreckage Of The Foreclosure Crisis And Found Out It Was Far From Over
Visiting Florida in 2007 and talking to some builders, there was enormous over-building going on and stories about janitors and hair stylists buying 2-3 properties on speculation with no-down, 1% interest only ARMs. The speculation story was to catch the leading edge of the enormous numbers of baby-boomers retiring, selling their McMansions and moving to Florida with large wads of cash burning holes in their pockets.

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from The Spokesman-Review (Spokane, WA)

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