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The New DU. Reply #36: not all of these forclosures are about people losing their homes...
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dysfunctional press
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Sat Nov-17-07 07:33 PM
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| 36. not all of these forclosures are about people losing their homes... |
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LOTS and LOTS of the foreclosures are happening to speculators...people who decided to invest in the red-hot housing market by flipping a condo in miami. or 6 or 12...or a house in vegas.
yes, lots of people are losing their homes- but lots are just losing their investment and their credit rating.
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