Real Data, Not Spin

Here is a link to some disturbing info on the future mortgage reset possibilities.


http://www.businessinsider.com/henry-blodget-coming-soon-the-alt-a-mortgage-reset-bomb-2009-8

I think it is essential that we look at the hard facts rather than the hopeful pronouncements that come from Washington or the various talking heads on TV. Home sales may have increased month-to-month over the last few months, but they are still dramatically lower than they were a year ago, which was already seriously depressed from levels a year before that. So we aren't really in a good place. And "cash for clunkers" may have made car dealers busier than one-armed paper hangers over the past few weeks, but the sales they made have come at the expense of potential sales in the near future. This did not have a lasting good effect on the economy. The list goes on. So I urge you to look at the data and draw your own conclusions.