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Reply #6: We don't get out of this recession [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
customerserviceguy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-11-10 11:05 PM
Response to Original message
6. We don't get out of this recession
until we hit rock bottom in real estate prices, and that won't happen as long as foreclosures are going on. Legal steps to delay foreclosure proceedings simply prolong the recession.

I'm not talking about examining the haphazard way that some banks are foreclosing on people who have actually made their payments, but those who simply borrowed more than they could afford to pay for something that was inflated beyond reason shouldn't be encouraged to pursue frivolous suits to gain something back that they never really should have had in the first place.
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