Heat from the Rich

The rich rule over the poor,
and the borrower is servant to the lender.
-- Prov 22:7
The latest Pulse survey of the homeowners are eye opening. Some choice quotes:
  1. By a two-to-one margin, people are worried about their monthly housing payments
  2. About six in ten say that high property taxes and rising energy costs could cause them to sell their home
  3. More than one third are worried that they may have to sell their home and buy a less expensive one because they are unable to pay rising monthly payments
Record heat may be around for a while, so hang on to your hat. The housing market meltdown isn't over yet....

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