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July 21, 2010 – Comments (0)

Has anyone read this today?

http://online.wsj.com/article/SB10001424052748704723604575379463676740680.html

I don't think you need a subscription to access this, but man is it interesting.  Based on everything it sure does look like housing is in a load of trouble.  I think at this point with the help the gov tried to give and the fact that it has pretty much failed, they just need to let it sink so that it can truly recover.  Lots of folks still in deep.  It sucks for sure, but dragging it out sucks even worse.

Incidentally, mortgage rates are just downright silly now.  I am really thinking that we may need to refi our rental home (though at 5.75%, I doubt we can get a rate that would make that much of a difference).

Jason

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