Americans brace for next foreclosure wave

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Sad but true If it did we would see blank posts from you.. Sad indeed.
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On Wednesday, April 4, 2012 6:42:03 PM UTC-4, Home Guy wrote:

Well, you see, Canada actually has regulations in place that actually PROTECT the people. In the USA, the regulations are written so that certain elements can legally rob everyone else blind.
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You're socialist, we used to be free market.
Christopher A. Young Learn more about Jesus www.lds.org .
Well, you see, Canada actually has regulations in place that actually PROTECT the people. In the USA, the regulations are written so that certain elements can legally rob everyone else blind.
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On 04/05/12 04:33 pm, snipped-for-privacy@gmail.com wrote:

the people. In the USA, the regulations are written so that certain elements can legally rob everyone else blind.
Australia did OK too, thanks to sensible regulations.
However, somebody said that Texas actually did better than some of the other US states because it had laws that were called "personal property protection laws" -- pretty much the same as "consumer protection laws" in other places, but they couldn't call them that because the latter are "socialist."
Perce
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"Percival P. Cassidy" wrote:

The states that suffered the worst collapse in terms of forclosures and value declines were the ones that were over-built in terms of speculation (second homes, vacation homes, etc). This included Florida and Nevada.
I don't think Texas saw much in terms of over-supply of homes because it's not a desirable place to have a second home for, say, someone living up north or east coast.
I think that Florida and Nevada also don't have state income taxes, which can also influence people's decisions on where they want to live or have a second home.
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Home Guy wrote:

Shows what you know. Why we are just now recovering from our preimer social event - The Harris Count Livestock Show and Rodeo. The attendance at the show exceeds the annual attendance of the Texans, Rockets, and Astros. Combined.
Pet the llama. Tease the bunnies. Marvel at the size of a thoroughbred race-horse or Angus bull. Tormet the chickens. Hear so much country music your teeth get loose.
The show only happens once a year, but it takes six months to get ready (new custom boots, etc.) and six months to get back to normal.
On the other hand, we didn't build the first air-conditioned sports stadium to be ostentatious (well, maybe a little bit). It was required.

Texas doesn't have an income tax either. There are nine states so situated.
In addition to the above three, the remaining ones are:
Alaska New Hampshire South Dakota Tennessee Washington Wyoming
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Yup Texas is usually declared a primary residence state. My in-laws officially lived in Texas, and were summer residents of Minnesota after they retired.
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On 4/5/2012 4:50 PM, Percival P. Cassidy wrote:

Better than some but Central TX did better because of the stronger than average economy. New home construction came to a stand still. It's picking up a little. Nothing to get excited about. I'm not sure about the CPLs. Parts of TX suffered along with the rest of the country,
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On 4/5/2012 4:50 PM, Percival P. Cassidy wrote:

Right now Austin is doing very well. :)
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snipped-for-privacy@gmail.com wrote:

Not everywhere.
Texas law, for example, prohibits a home mortgage for more than 80% of the appraised value. Many homeowners in my state were hit along with the rest of the country, but we didn't have anywhere near the percentage of defaults as were seen elsewhere.
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