Re: housing woes

On Fri, 06 Jun 2008 02:33:29 -0700, old.salt@xxxxxxxxxxxxx wrote:

On Fri, 6 Jun 2008 02:17:05 -0500, Ron Ford <ron@xxxxxxxxxxx> wrote:

Nearly 1 in 10 American homeowners with a mortgage faced foreclosure or
fell behind in their payments in the first three months of the year,
according to a report released Thursday, a figure that offers a look
into the toll caused by the collapse of the housing market.

CNN reported that from this same report that 1 million homes
are in foreclosure, which hasn't been this high since the Great
Depression.

LOL, do I remember somebody claiming the home industry was an
indicator of how good the economy is? Was it Danny K?

I have not heard that for a while... Wonder why? Perhaps he was
wrong? No surprise.<g>

As far as I am concerned, the housing fiasco is just another
indicator of how letting business run the government sucks.
--

Cheers! :)
.

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