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Originally Posted by GBBob
You don't think they already have fallen enough? If people keep losing equity and home values keep plummeting, how can that be good? So many people are backwards on their mortgages, not because of anything they did wrong, but rather their homes have depreciated 30% in 2-3 years.
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if you go to zillow.com you can see how badly hit CA, AZ, and FL are compared to the rest of the country. There are plenty of areas of the country where the home values are not falling or are actually rising again.
02-20-2009, 09:34 AM
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