27 janvier 2008

Touching reality

This is a scan from yesterday's The Examiner, a local newspaper. Selling foreclosed homes like a bunch of used car in a cheap lot.
The other point to consider here is the "attractive at today's low rates". After latest Fed's 3/4 of a point drop and the financial stimulus allowing for conventional loans to be up to $735, 000 (from regular $417,000), there is, really, some attraction in buying those houses, especially in a area where rentals are rare.
I wander if those foreclosed owner have a chance to bid for their own house and get the financial benefit now available? that'd be fair, wouldn't it?
Am I not childish native to even consider being in a fair environment...

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