Google+ Followers

Tuesday, August 2, 2011

Why Banks Are Using Bulldozers on Foreclosed Homes - The Curious Capitalist - TIME.com

Why Banks Are Using Bulldozers on Foreclosed Homes - The Curious Capitalist - TIME.com

UPDATED (5:29 PM)

Banks have a new remedy for America's ailing housing market: bulldozers.

There are nearly 1.7 million homes in the U.S. in some state of foreclosure. Banks already own some of these homes and will soon repossess many more. Many housing economists worry that a near constant stream of home sales by banks could keep housing prices down for years to come. But what if some of those homes never hit the market?



Read more: http://curiouscapitalist.blogs.time.com/2011/08/01/bulldoze-the-new-way-to-foreclose/#ixzz1Ttm2RUBN

No comments:

Post a Comment