If you listen to the news, much has been said about our country's slow & fragile recovery from the "great recession."
But I seriously wonder how much recovery is actually going on.
Things seem to be getting better: You hear announcements about job growth and upticks in consumer spending, yet I personally know that corporate lay offs are still happening.
It seems like I hear weekly accounts about another friend losing their job.
The million dollare question is what are the banks going to do with all of their housing inventory? How are neighborhoods supposed to recover? What about home values?
More importantly, what happens if all of these foreclosed upon homes flood the market at or near the same time? Won't that further depress home prices? Could it possibly lead to a "double dip recession?"
As it turns out, some of these foreclosures shouldn't have even happened.
Is this crisis realy over? What's the next move?