This first link is something I'd think people would be making news about, seeing as if it comes true, it'd seem to me that its effects would be bigger than the subprime mess we just went/are going through:
US Adjustable Rate Mortgage Reset Schedule
This second link is just something I thought was interesting, shows over time by county in the US the jobless rate:
Updated 03.27.10, The Decline: The Geography of a Recession by LaToya Egwuekwe (OFFICIAL)
I'm just starting to begin looking into all things housing, as I've got a decent amount saved up and living with the parents is not really moving my life forward (at 31.5, it's time to get moving). However, if what that first link is depicting comes true, maybe I'd be better off banking my money for another couple of years, buying when the market is basically trashed? At least if I lose my job, I won't have a house payment to make...
Anyone in the industry have any comments on the first link? (I really included the second just to showcase unemployment...if people aren't employed, making house payments current and future (when they're more expensive) isn't going to happen).
Chuck
US Adjustable Rate Mortgage Reset Schedule
This second link is just something I thought was interesting, shows over time by county in the US the jobless rate:
Updated 03.27.10, The Decline: The Geography of a Recession by LaToya Egwuekwe (OFFICIAL)
I'm just starting to begin looking into all things housing, as I've got a decent amount saved up and living with the parents is not really moving my life forward (at 31.5, it's time to get moving). However, if what that first link is depicting comes true, maybe I'd be better off banking my money for another couple of years, buying when the market is basically trashed? At least if I lose my job, I won't have a house payment to make...
Anyone in the industry have any comments on the first link? (I really included the second just to showcase unemployment...if people aren't employed, making house payments current and future (when they're more expensive) isn't going to happen).
Chuck