The number of mortgage foreclosures in Massachusetts are up 30% for the first quarter and double the number from 2003. It's likely that a similar picture is emerging across the country, particularly in states where there has been a housing boom. The foreclosures will only increase as interest rates rise.
It may sound un-American but not all of us should be homeowners.
1 comment:
I agree with you about not everyone should be a homeowner. I live in a lovely little apartment in the "artsy-fartsy" district of Richmond. I wouldn't have it any other way. No maintenance, plenty of restaurants and shops within walking distance, 3 museums within walking distance...whats not to love? I swear that if I could go back and raise my kids all over again I'd raise them in an apartment in the city.
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