An Economy on the Brink

Apartment rentals and the complex  ownership are currently very favorable. Why? 1. The difficulty in home loans 2. The ego's of a lot of people 3. The favorability of lending instituitions toward apartment purchases As home loans become more difficult to obtain, people still need a place to live. The Rental rate scale from low to high will or is taking the place of affordalbe...

Mr. Zuckerman, the Editor-In-Chief, writes persuasively here of declining, nay plummeting, home prices and new home construction and of the possible passing of the U.S. auto industry and of healthcare funding problems.  He makes the point that 10 million home mortgages exceed the value of the underlying security and goes on to point out that wages are not rising to cover the average $ 2,000 loss...