What, me worry?
Sometimes the national headlines just don’t translate well to a local audience. …
The Detroit News had this Associated Press story Tuesday: Homeowners worry about payments, value.
A snippet:
In today’s economic climate, even holding onto what they already have is a challenge and source of distress for a significant numbers of homeowners. Nearly three in 10 said they are concerned their home’s value will decline over the next two years, while 14 percent of mortgage holders expressed worry that they might miss payments in the next six months.
“Worrying” about declining home values?
I think it’s a little late for worrying WHEN HOME VALUES HAVE ALREADY SUNK IN MY NEIGHBORHOOD / CITY / COUNTY / REGION!!!
Could prices go even lower? Well, anything is possible. But the economic damage to southeast Michigan homeowners has already happened.
Posted: April 16th, 2008 under In the News, Rants.
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