Housing Market

I have been following the home mortgage trends in the past few months. Let me say this . . . I am concerned. The concern is on many levels. This is an event that can hurt the American economy for the long term.

We have been warned for years of the coming market collapse. I am sorry when a home in St. Paul, MN costs $400K it is way too much. The baby boomers have again become rich on the backs of their kids. The boomers will keep getting richer and richer off the backs of their own kids. Many of us cannot afford houses. Now we come to the point of where many who bought cannot afford to keep them.

If you are selling, work with your bank they do not want the house back, work with Miami flat fee mls type of service, or do without other items. I know the costs are going up, but now is the time for the fight.