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Loan Modification

: Mortgage Lender Implode-o-Meter

Gear up for another lost decade in real estate. Housing will remain stagnate from 2010 to 2020

By Implode-Explode Heavy Industries

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`` The only way home prices can rise in a healthy manner is if we start seeing wage inflation. We saw some of this in the 1970s where wages went up in tandem with home prices. In the last decade, wages moved sideways while home prices went into a bubble. As far as the economy going forward, the big job sectors seem to be in low paying service sector jobs. Certainly someone can purchase a house with these jobs but not at current prices even though they appear to be solid.''

Full post as published by Mortgage Lender Implode-o-Meter on June 22, 2010 (boomark / email).

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