RE Debacle - Have Questions
Does anyone have an idea where I can find answers to these questions?
1. How much equity did homeowners remove from their homes and plow into the economy in 2005 - 2006? How much will consumer spending fall now that that piggy bank is bust? Was this just a media hobby-horse, or meaningful numbers?
2. What will be the impact on local, state and federal governments when homeowers walk away from foreclosures and cease paying RE taxes?
3. How much American real estate is owned by people who are not US citizens? (There would seem to be a tremendous buying oportunity here if you're on the right side of the exchange rate.)