Georgia Foreclosures Jump 99%
December 7th, 2006We have just lost cabin pressure.
Via: Atlanta Journal-Constitution:
Hundreds of Georgians lost their homes Tuesday.
The houses, taken from debt-laden homeowners, were sold to bidders on courthouse steps statewide.
The increasingly busy monthly auctions show that not all of the residential market is in decline.
Foreclosures are rising.
More than 115,000 properties across the country were in the foreclosure process in October — up 42 percent from the same month a year earlier, according to RealtyTrac, a California company that tracks foreclosures.
Foreclosures in Georgia are up a stunning 99 percent in the past year.
Posted in Economy | Top Of Page
I wonder if the people in Georgia are prepared…
http://energybulletin.net/23259.html
The Great, Greater, Greatest Depression?
Everything was not fine that spring [of 1929] [of 2007?] with the American economy. It was showing ominous signs of trouble. Steel production was declining. The construction industry was sluggish. Car sales dropped. Customers were getting harder to find. And because of easy credit, many people were deeply in debt. Large sections of the population were poor and getting poorer.
http://www.bullnotbull.com/archive/stocks-9.html
http://www.bullnotbull.com/archive/stocks-10.html
http://www.bullnotbull.com/archive/stocks-11.html