Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Economic Report: Renters feel impact of sub prime mortgage crisis

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
Omaha Steve Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-18-07 08:24 PM
Original message
Economic Report: Renters feel impact of sub prime mortgage crisis

http://www.laborradio.org/node/7305

We are just now seeing the ripple effects of the subprime mortgage crisis. Rawstory.com reported this weekend on how renters who have never missed a payment are being impacted by home owners defaulting on their mortgages. While the impact isn’t as drastic to renters as they aren’t losing the years of equity homeowners lose, the cost of being displaced by eviction can add up. A bill passed on Thursday by the House seeks to protect renters by requiring new owners of property’s previously foreclosed on to allow tenants to continue their lease for at least six months.
Printer Friendly | Permalink |  | Top
grasswire Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-18-07 08:30 PM
Response to Original message
1. oh my god -- what a nightmare
those who are renting homes that were speculative buys.....will this never end?
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed May 01st 2024, 05:14 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC