Foreclosures are down because we've run out of the folks who took sub-prime
loans and were foreclosed on already.
Is this supposed to be good news? Or a cover-up story implying some kind of
economic recovery? All it means is the bottom dwellers have hit bottom and still
costing us money in losses and bailout funds still in the system.We
are still a flat lined reversing economy where poverty and no money and lots of
debt are still destroying any recovery.When we hear stories of wages
going up and reaching the $250k mark for adjusted inflation and dollar
devaluation will we start to see any future prosperity. Housing does not create
jobs, housing is a benefactor of prosperity which is still years down the road.