Comments on: Home Foreclosure Rates Spiking

Stockton, Calif., Worst Off In 3rd Quarter Look At 100 Metropolitan Areas

[drinuk]

Watch out for the Banks, Lenders and Property Agents, they are all going to clean up on these repossessions. They always do and always will, rent out until the market picks up then sell at a massive profit.

[allgood34]

Doug,
I agree with you. I am am a soon to be young home owner and my wife already thinks we hae to have the best and nicest of everything. It''s going to be an up hill battle trying to convince her to do it slow and steady instead of diving right in trying to live like we are either well off or well established in a home. I grew up learning the value of a dollar the hard way and am accustomed to hand me down furniture and things when getting started.

[usayesterday]

Are the home buyers/borrowers to blame?.... Yes, (partially).

Are the mortgage brokers/agents to blame?.... Yes, (partially).

So there is a lot of blame to go around, but no single entity is completely at fault for the housing market slump. It is comprised of multiple factors.

So if anyone is going to "point a finger", they''d better use more than one finger to point in multiple directions.