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Economy Still Going Down The Toilet!
by Julianne Rowat on Aug 4, 2009
Economy Still Going Down The Toilet!Is the economy ever going to get better? They say not for three to five years. Some of the reasons why are:1. The Adjustable Rate Mortgage. The first down turn of the housing market was about three years ago because of the ARM loans. Well the ARM loans are set up to go up in five years after purchase of your home. So in two more years the next set of buyers will be having higher mortgage payments. Which in turn is going to cause more foreclosures if they can’t make their payment like the first down turn.2. Commercial Real Estate. Many investors own apartments, which is a great monthly income for them. But with the economy the way it is, 30% of the apartment rentals are vacant. No way can investors make payments on an apartment building with no tenants.3. States Going Bankrupt. The government has already bailed out California once, and now they are going bankrupt anyway. They’re trying to get Marijuana legalized so they can survive off...Read More >>
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