Reader comments: Record numbers having trouble paying mortgage

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Earl | 12:40 p.m. Sept. 6, 2008
So where are all those "experts" who predicted the housing crisis would be behind us by this time? This is just the beginning, folks.
Brad | 8:43 p.m. Sept. 6, 2008
Let the falling prices begin. Let this truly be a buyers market, and I want to see homes contiuning to go down. We still need major price correction. I make 40k a year, and I can't even afford a townhome. Let them go back to where they were 5 years ago. Thanks.
Re:brad | 10:47 p.m. Sept. 6, 2008
couldn't agree more
Comments continue below
Buyers Market | 11:34 p.m. Sept. 6, 2008
Yes I agree with the earlier comments. They say this is a buyers market, but then sellers are contiuing to hold out for top dollar on their homes. Until they are willing to drop their prices back to where they were 5 years ago, then the market will continue to be dead and slow. 5k-10k reductions don't mean much when homes falsely appreciated 100k or more in the last 5 years.
Re: all of you | 12:01 a.m. Sept. 7, 2008
Yeah! Ditto. I'm so sick of everyone thinking God put me on this earth to overpay for a starter home, just so the sellers can upgrade to a McMansion on my dime.

Foreclosures are sad, but people act like they'll be on the STREET on SKID ROW if they don't own a home. There's a little thing called renting for awhile and saving back up for your next round, when our society gives your credit score a clean slate. Boo hoo.

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Utah is not immune to the housing crisis, this home in Sandy is "bank owned," but its foreclosure rate is well below the national average. (Michael Brandy, Deseret News)
Michael Brandy, Deseret News
Utah is not immune to the housing crisis, this home in Sandy is "bank owned," but its foreclosure rate is well below the national average.