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Thursday, February 10, 2011

more homes under water

Friends, more homes are under water now. That means you owe more money than the house is worth on the market so you have a negative asset - sad to say. This is bad for our economy. Still we see steadily falling home prices. Yeah, a lot more homes are under water this year. Sadly, our economy is in a tail spin. It is hard to get out of one. Ben Bernanke is printing money. All this does is increase inflation in food and energy.