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Loan Modification

: Mortgage Lender Implode-o-Meter

You Don't Need a Bubble to Drive Down House Prices

By Implode-Explode Heavy Industries

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"I point out that you don?t need a bubble for prices to fall. Case in point- Detroit. Supply stayed fairly constant as demand dropped, and prices went down. Texans then get indignant and inform me that there?s no comparison- Detroit?s economy is in lousy shape when the economy in Texas is considered the best in the nation."

Full post as published by Mortgage Lender Implode-o-Meter on August 18, 2010 (boomark / email).

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