|
| Tuesday, March 21, 2006 |
| Well, isn't this ominous news... |
The Christian Science Monitor has the story: Homeowners stretched perilously.
That is the picture emerging here as foreclosures rise and the housing prices falter. More than one-quarter of Boston's mortgage-holders appear to be stretched thin financially, spending at least half their income on housing, according to an analysis of census figures. That's more than twice the national average and the highest of any major city except Miami.
Well, at least we are better-off than Miami... I hate reading stuff like this, it just makes me anxious for when that other shoe is finally going to drop. Articles like this have been appearing since 2004. Can someone please consult their magic ball and tell me when the sky will fall already! |
| posted by Boston Gal @ 12:11 AM *
* Subscribe to Boston Gal's Open Wallet |
Links to this post:
|
| 2 Comments: |
-
There's a great webpage showing the evolution of the last real estate slowdown from 1980-1995 via the New York Times archive.
http://www.youdovoodoo.com/80sbubble.htm
-
No crystal ball here, but I wouldn't worry too much about the other shoe dropping, Boston. You don't seem to be in this predicament.
The article was quite interesting and a sad state of affairs that's playing out across the country.
|
| |
| << Home |
| |
|
|
|
|
There's a great webpage showing the evolution of the last real estate slowdown from 1980-1995 via the New York Times archive.
http://www.youdovoodoo.com/80sbubble.htm