Banks and investors own, plan to foreclose or auction, thousands of houses in Baltimore. Most are decrepit, but many are valued up to nearly a million dollars. But if you don't have the cash, do you really think a mortgage company will finance your purchase here? In one big city after another depressed property prices … Continue reading Investor-owned properties destroying Baltimore home prices, while encouraging new slumlords, and bankrupting residents
Tag: bank bailout
Fox Business says bank sues itself
For years I have watched CNBC for financial news, but in the past year or so, they have become absurdly against the average person. One example, the constant repetition by pundits that the current depression was caused by citizens spending too much on credit cards and mortgages, and totalling ignoring the Wall Street speculation which … Continue reading Fox Business says bank sues itself
You can fool nearly all the people... 