Off-Topic: Hard Times

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	Name:	lotowner -
	Subject:	Hard Times
	Date:	8/18/2009 8:43:56 AM

I talked with my cousin in Tennessee last night and he said the the unemployment rate in his county and the adjoining county were 15% and 12% respectively. Secondly, a high percentage of people are getting to the point where house mortgages are falling behind.

He also commented on the appraised values of homes. In his family, one of the family members is in California while her husband is in surgery residency. They looked into a lower rate mortgage on their house that is being rented. This was not a good option since they would have had to pay $16,000 for a new mortgage. Obviously, they decided to keep what they had.

I also read in the St. Louis newspaper that the percentage of mortgages "under water" is greater than 20%.

Is the administration priority list all screwed up?

Other messages in this thread:

View Entire Thread

Hard Times - lotowner - 8/18/2009 8:43:56 AM

Hard Times - water_watcher - 8/18/2009 9:11:12 AM

There is hope though ... - water_watcher - 8/18/2009 9:16:50 AM

There is hope though ... - Council Roc Doc - 8/18/2009 10:02:00 AM

There is hope though ... - Yankee06 - 8/18/2009 6:32:54 PM

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