Originally posted by: ProfJohn
In order to make you happy I thought I would respond to your post.
Originally posted by: Bowfinger
It probably would have been more accurate to say "foreclosures are at an all-time high since the Great Depression." Of course most people wouldn't try to spin the economy as being fantastic ... compared to the 1930's.
1. Foreclosure rates: In Cali the rate hit a 4 1/2 year high. So much for 1930's type figures huh?
How about this from a 9-14-06 article by the AP "Even with the increase, the new foreclosure figure is still low by historical standards and thus not overly worrisome to lenders. But it suggests that some borrowers are feeling pinched. "
Link
Please post me a link that shows the numbers any where near what you claim. First it was "all time high" then it became "1930" next it will be "2001"
One article is all I ask for, good luck finding it, I tried