8537
VIP Member
Make them cheap enough and people will buy.
They are cheaper than cars in Detroit.
Are you of the opinion that the problem there is that prices haven't fallen enough?
That, and banks are gaming the real market by holding back on foreclosures.
The banks realize that foreclosing on one home impairs their ability to sell the home next door to it, or sell a mortgage for said home.
They also realize that in most cases they are better off working with the borrower than foreclosing on him/her.
in many cases, the ones who haven't figured out the gaming are the ones who keep paying when they should leave the keys in the mailbox and walk away.
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