Tuesday, September 04, 2007

The housing bubble is about to burst

It's horrible to try to profit off of other people's tragedy. But that's what a lot of people are going to do when a rash of Foreclosures are likely to take hold. There are so many hybrid mortgages out there that people aren't going to be able to afford the new payments and will lose their homes.

The worst part is moving from the homes that they know. They will need Moving Quotes as well as Insurance Quotes. They majority of people will have to move back in with family or friends, or rent tiny apartments just to get by.

The American Dream shouldn't turn into a nightmare. It's really sad, but you can't help but wonder if people didn't try to live beyond their means would this happen. You can't just borrow, borrow, borrow without wondering what might happen tomorrow.

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