i have three questions about the housing market…?
Ok, so due to the recent, and I mean within 24 hours of American Mortgage filing bankruptcy due to the market crashing in the housing industry because of Arm loans, have some questions that I need some help understanding.
1. How many people in the united states are still paying on houses?
2. What percentage of those people have adjustable arm loans from their mortgage company.
and 3. If the housing market fails, and are economy is screwed up as it is now, who is going to help out. I mean, back in the eighities, they took 5000 dollars from everyones taxes and used it to supplement the failing savings and bonds, now, we are 9 trillion dollars in debt, who is going to pay for the now 500 billion dollar housing failure?