Why are there so many homes going into foreclosure? In this area where I live I see quite a few?

So do you think it is obvious homes were HUGELY over priced and sold to people who could not afford them in the first place?

When will this nonsense stop?
IF the lenders know some cannot afford it though, and know the chances of them going into foreclosure are high, why do they lend anyway?

Who wins here?

I am sorry just a lil p’od because we have still not purchased our own yet out of this kind of stuff going on.

Waiting for the market to offer decent rates and prices or rent forever…

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