Since today is holiday because of memorial day....me, my wife and daughter had a chance to drove around the city. It really sad and scary....a lot of houses were empty and up for sale.

I was wondering where those people will move into....All I know the lender for that houses probably very stress because their asset is frozen. they can't do anything about it.....

I know for sure to buy the house is now....a lot of bank and lender lost a lot of money. that's why it really effect the economy in America.

some of my friends decide to leave their house because everything seems not right....

Let me share little bit more....for example when i bought my house two years ago it was $450,000 last year increase to $550,000 but now that same house only has value for $250-300,000. on top of that my monthly payment increase to $1000/month.... should I keep it.....i'll share some other time.......

So, that's why a lot of people they just leave their house and let it become foreclosure. At this time nobody care about credit score or ruin their credit....
 
that's why the lender or the bank just drop their prices. they believe is better to sell cheap than lost everything or the house will be empty and gangsters will go into the house at night and damage the house. 

So, when the housing industry will be heal. my prediction is 10 years from now. when to buy a house is NOW......