"Lenders filed a record number of mortgage default notices against California homeowners during the first three months of this year, the result of the recession and of lenders playing catch-up after a temporary lull in foreclosure activity,"Ginormous number of foreclosures and epic price drops still ahead.Do yourself a huge financial favor, rent for a couple of years.
jal74:"Actually, things have only gotten worse and they will continue getting worse for a while."Nice clear truth.The staggering amount of layoffs and increasing underemployment will be driving house prices down for a long time to come.This from "The Copeland Team":"the time to buy is when you are ready."is nothing more then a salesman slogan.
Should I ask questions, only to answer them myself and pat myself on the back?
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