“What do FReepers make of this? I'm seeing more and more empty houses. None of which are placed on the market for sale. It's getting to be unnerving.”
The various lending institutions and agencies are avoiding asset mark down to value which would create massive insolvency of the banking system and all that it would entail.
10 posted on 04/06/2010 5:50:10 AM PDT by buckalfa
(confused and bewildered)
11 posted on 04/06/2010 5:51:28 AM PDT by Daisyjane69
(Michael Reagan: "Welcome back, Dad, even if you're wearing a dress and bearing children this time)