I am a regular "Joe" may be not a plumber but a regular average next door guy who is concerned with USA economy. Currently underemployed and with a $ 250 000 in student loans and with a bankruptcy filed not long time ago my passion for the state of the economy arouse ... My purpose is to gather information from different journals and or blogs and help those fellows americans interested in the economy have a broader perception of what really is happening.
Is this the new bubble?: Multifamily Housing Buidlings in the brink of defaulting not only in Chicago area but many states such as New York, Arizona, California and many others are seeing and increase in default...Banks are postponing foreclosure in hopes it will pick up...many landlords revenues are falling below operational costs... Should Fannie and Freddie help those that cant afford housing by stepping in and stimulating a buy out ? Sounds familiar?
Is this the new bubble?: Multifamily Housing Buidlings in the brink of defaulting not only in Chicago area but many states such as New York, Arizona, California and many others are seeing and increase in default...Banks are postponing foreclosure in hopes it will pick up...many landlords revenues are falling below operational costs... Should Fannie and Freddie help those that cant afford housing by stepping in and stimulating a buy out ? Sounds familiar?
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