Art G
Thinks s/he gets paid by the post
- Joined
- Nov 5, 2007
- Messages
- 1,052
So, assuming the bailout goes through, what happens to the value of homes?
The way I see it, credit scores needed to buy a house should shoot up about 50 points. If people can't get loans, people can't buy houses, if people can't buy houses, people obviously can't sell houses. Values must drop in order for people to be able to qualify.
Will only the very wealthy be able to buy and sell?
What will it take to fix things? A good answer may win you a Nobel.
The way I see it, credit scores needed to buy a house should shoot up about 50 points. If people can't get loans, people can't buy houses, if people can't buy houses, people obviously can't sell houses. Values must drop in order for people to be able to qualify.
Will only the very wealthy be able to buy and sell?
What will it take to fix things? A good answer may win you a Nobel.