We are in month three……there have been 30 subprime lenders go under to date……look at the amount of loans resetting moving forward……Oct of this year will see $50 Billion+ reset in that month alone.
We are now officially entering totally unchartered waters. The US property market has never experienced anything like this in its history at least on this scale. I am very thankful we have straight forward realtors like SD Realtor and others on this board. If there were ever a time to pay attention to what is actually happening on the front line it is right now. IMO everything we know or think we know is about to change.
