guys, the us 'family needs a home' issue is easily answered as many were actually living in trailers and saw the low doc loans, walk away if I dont want to pay, no income no job (ninj) loan as a way to make some money but if it dont work out, hey there is still the trailer at the trailer park.
england got caught with a lot buying into spain and seeing the market move had to sell. but while prices are fall9ing over supply is creating a very unappertising sellers, tasty buyers market.
