Wednesday, Jun 13, 2007
US Subprime Crash Squeezes Out First-Time Home Buyers
Bloomberg: Subprime Crash Squeezes Out First-Time Home Buyers
Subprime mortgage lenders have tightened credit guidelines so much they're squeezing about 500,000 first-time buyers out of the market. - This is just an example of how when prices start going down, they slowly enter a downwards spiral - the reverse of a Boom - BUST.
Posted by c'mon correction @ 06:38 PM (141 views) Add Comment
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