Wednesday, August 19, 2009

Bright Side of Falling Home Prices

....Who Benefits Now From Falling Prices?

* Those who never had a home in the first place but are looking to buy.
* Those hopelessly underwater and willing to walk away and start over.
* Those looking to buy rental property down the road at attractive prices.


Who Loses With Falling Prices?

* Those unable or unwilling to walk away.
* Those with a substantial down payment and about even on their mortgage.
* Those trapped in their homes who want to sell but cannot because they are about even on their mortgage and do not have cash to bring to the table at closing. (more)

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