Rough Road Ahead.....
Good morning, my wife sells REO property, it's 07:35 here and they have already picked up 7 more homes this morning!..........They have 400+- listings, from 100k to 800k+!...............
Within a 10 mile radius from where I am sitting there are at least 20 RV dealers with 10k+ units for sale, if you increased the radius to 60 miles the total would be well over 100k!..........Something has to give......
The mortgage/ lending / building industry has really created a problem by putting people into houses / rv's and other things that they could not afford.............
The biggest problem, I see, is that young people do not earn enough or save enough to ever own anything, mostly due to lack of education. The kids in my office think that the government will take careof them, HA!
Sad story.......................