Oct 6, 2009

Dropping Rents Will Drag House Prices Down with Them


Related: Layer of credit checks surprises home buyers (sfgate.com)

2 comments:

Anonymous said...

Dropping Rents Will Drag House Prices Down with Them

- really? does this mean that loan modification schemes are coming to an end?

Shun said...

I think the opposite is true. If home prices drop more, owners will MORE likey walk away from their depreciating assets. This in turn will motivate banks to modify the loan, assuming the government is still giving them money.

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