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To: rrrod
And what happens with falling property values is suddenly the loan costs more than the house is worth. At that point people are really in over their heads.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus

11 posted on 12/11/2006 1:58:05 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
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To: goldstategop

According to my realtor and a few others here in NC we are seeing a recent influx of folks from Fl. A lot of folks that have had prop in Fl are selling, taking their profits and headed here.


12 posted on 12/11/2006 2:01:58 AM PST by rrrod
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