Existing Homes Sales PLUNGE To 15-Year Low

I take your point (I was being somewhat facetious with the paint and pets comment), but consider that being "owned by the bank" isn't really any different than being "owned" by a landlord. For those Americans (teabaggers) who complain about having lost their "freedom", there's no more direct way that that is true than when you're renting. I anticipate that in the coming years, the rate of violent crime is going to escalate in rental housing, due to conflicts between renters used to doing any d@mned thing they want in their residences, from playing loud music at all hours and undisciplined pets to damaging physical property.



If owning for you meant taking jobs you didn't want to pay off a 30-year fixed rate mortgage at 7%, perhaps it was too much house and you should have been in something cheaper, more affordable. Like for the amount (or closer to it) you're paying to rent now?
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