Today's misery is real unemployment, home foreclosures and bankruptcies. This is the Obama Misery Index and its at a record high. Its going to take more than new rhetoric to put Americans back to work - its going to take a new president.
Quotes about foreclosures (8 Quotes)
There's an epidemic of foreclosures. We're getting a steady stream of referrals of people who are looking for any option to save their home.
Our research has always shown a correlation between foreclosures and a flattening home price appreciation curve.
In stagnant or declining real estate markets you are seeing more foreclosures, ... You can pretty much draw a line through the middle of the country and see where the foreclosures are.
Foreclosures have been running low nationally because home prices have been up -- anybody who couldn't pay their mortgage could simply sell their house and pay off the mortgage balance with their equity, ... If you don't have any equity, you can't forestall foreclosure.
In 2004, Texas led the nation in home foreclosures ... yet no one seems to have a good answer as to the reason for these alarming statistics,
Because when we think about the real facts: 44 million Americans without health insurance, millions without jobs, a 50-year high on mortgage foreclosures, an historic high the third year in a row on personal bankruptcies.
We saw a financial disaster in agriculture in the early 1980s as a result of inflated farmland values and the increased borrowing on those values. When the bottom dropped out of the farmland market, we saw loans called in and foreclosures to cover those loans.