Atrios posted an interesting LA Times article about the housing market, and how a really really really large number of new buyers are using interest-only loans. I've been looking to buy for a long while now, and the market just keeps getting more and more expsense, to the point where I don't understand where these people are getting their money. Initially, several yeares ago, perhaps they were getting it from stock market successes. But now? People are still paying ridiculous amounts of money for ridiculously mediocre places in ridiculously bad neighbors, at least in DC. Where's the money coming from?
Elections | Economic Crisis | Jobs | TSA | Limbaugh | Fun Stuff
Follow @americablog
