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Nearly a third of Florida mortgages upside down | Main | States with housing hurts helped elect Obama »
From the New York Times: Faced with an economy that is slipping into recession and the highest unemployment rate in the European Union, the Spanish government Monday unveiled what may be a first-of-its-kind program to allow out-of-work homeowners to defer mortgage payments.
 (Un)Real Estate offers a peek at the housing market usually reserved for insiders. While it focuses on the Tampa Bay area, it won't neglect dipping
into the rest of Florida and beyond. Its goal? Simple: To help you keep a roof over your head without losing your shirt.Times business reporter James Thorner has covered the Tampa Bay area housing market since 1999 and writes a weekly column on the topic in the St. Petersburg Times. Having recently bought and sold a house here, Thorner has shown his insights are more than theory. He's got the burn marks to prove it. E-mail James Thorner: jthorner@sptimes.com. |
Kill the housing bubble once and for all. Let the market do what it must. PLEASE don't prolong the agony for all the responsible owners by letting people defer the inevitable. The sooner we come to terms with the real number of foreclosures and chew through the inventory created by unqualified buyers, the sooner things can return to normal.
Posted by: Mike | November 05, 2008 at 04:40 PM
Mike,
i totally agree!!!
Posted by: iain | November 07, 2008 at 05:22 AM
Let the market do what it must.
That is exactly what needs to be done, excellent point Mike!
Posted by: Fuzzy Bear | November 07, 2008 at 12:11 PM
Must be some banker bloging here!
Posted by: | November 17, 2008 at 09:12 AM