Latest Breaking News On - Peter village - Page 4 : comparemela.com

million foreclosures a year once this thing really gets going. quite frankly, people paid much more for their homes than they could afford to sustain with 30-year mortgages even if they kept their jobs and so many people have been laid off. kelly: wow, so peter how do we get out of the mess? we re going to have to rework a lot of the mortgages. for many people, there really is no mortgage that works and they will have to leave and become renters. longer term, we are going to have a lull in construction, we ve built too many houses, with all of the extra financing we had available, people bought second homes to speculate, vacation homes, a lot of things they couldn t afford to keep. you know, in new york city, two of the largest rental housing communities, stieferson village, peter village have gone under simply the developers paid too much for them. we are going to see adjustment down with the rents and housing values. kelly: you know, when you think about it, go back to the year

People
Skelly-wright
Thing
Jobs
Mortgages
Homes
30
Doesnt-it
Mess
Houses
Term
Mortgage