Discuss events that have an impact on you and the world today. A home for honest, serious, and open discussion.

Re: Foreclosuregate

Unread postby James » Wed Oct 20, 2010 6:43 pm

A useful note about the number of foreclosure homes in any given market and statistics related to them: banks actually control the number of foreclosed homes on the market at any given time. There are large quantities of homes, especially in high-forclosure areas, which the banks withhold from the market to avoid oversaturating it. They place these homes on the market as the market allows. The statistics themselves aren't terribly helpful because they don't convey the truth of actual circumstance.
Kongming’s Archives – Romance of the Three Kingdoms Novel, History and Games
“ They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.”
  — Ben Franklin
User avatar
Sausaged Fish
Sausaged Fish
Posts: 17953
Joined: Fri Jun 14, 2002 3:21 pm
Location: Happy Valley, UT


Return to Current Affairs

Who is online

Users browsing this forum: No registered users and 1 guest

Copyright © 2002–2008 Kongming’s Archives. All Rights Reserved