Monday, February 18, 2008

Home mortgage delinquencies getting worse

The WSJ provides us with an interactive map. Over 4% of home owners in the Houston area, considered one of the brighter spots in the housing market, are late with their mortgage payments. Worst market is Merced California with over 8% late.

What do the home builders propose to do about this? Apply for government welfare and not give any more money to politicians until they get it. They will become the largest "Welfare Cadillac" owner group in history.

John at BAND had spotted this.

No comments: