Oregon 141 Arizona 168 Georgia 178 Arizona 168 Virginia 101 Source Federal Deposit Insurance Corp. BUSINESSLatest Headlines North Georgia likely to benefit from VW plant Tough times chip away at snack sales Newell Rubbermaid to drop products, raise prices Delta to trim domestic flights from Atlanta Ban on power cutoffs during very hot weather proposed More Business News Business Photo GalleriesA RISKY LIST TO LEAD Georgias banks top the nation in terms of concentration of loans to real estate developers and builders.

Figures are for the mean construction and development loans as percentage of banks core capital as of the latest numbers available.

Figures are for the mean construction and development loans as percentage of banks core capital as of the latest numbers available. Virginia 101 Source Federal Deposit Insurance Corp. BUSINESSLatest Headlines North Georgia likely to benefit from VW plant Tough times chip away at snack sales Newell Rubbermaid to drop products, raise prices Delta to trim domestic flights from Atlanta Ban on power cutoffs during very hot weather proposed More Business News Business Photo Galleries.

Arizona 168 South Carolina 142 Washington 169 Oregon 141 Florida 130 Georgia 178 Idaho 158 Washington 169 Nevada 110 Georgia 178 Arizona 168 Georgia 178 Oregon 141 Virginia 101 Source Federal Deposit Insurance Corp. BUSINESSLatest Headlines North Georgia likely to benefit from VW plant Tough times chip away at snack sales Newell Rubbermaid to drop products, raise prices Delta to trim domestic flights from Atlanta Ban on power cutoffs during very hot weather proposed More Business News Business Photo GalleriesA RISKY LIST TO LEAD Georgias banks top the nation in terms of concentration of loans to real estate developers and builders.

Florida 130 North Carolina 165 RISKY LIST TO LEAD Georgias banks top the nation in terms of concentration of loans to real estate developers and builders.

Florida 130 Washington 169 Arizona 168 North Carolina 165 Georgia 178 South Carolina 142 Oregon 141 Figures are for the mean construction and development loans as percentage of banks core capital as of

Idaho 158 Oregon 141 Arizona 168 Nevada 110 Oregon 141 Washington 169 Arizona 168 North Carolina 165 South Carolina 142 Virginia 101 Source Federal Deposit Insurance Corp.

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And it all came together. McMahon certainly is not the only celebrity to find himself in such financial trouble. Earlier this year, former baseball star and Juiced author Jose Canseco stopped making payments on his Mediterranean estate in Beverly Hills, house he and his wife have been trying to sell for the past two years. Several celebrities have dealt with foreclosure on their luxurious estates and many more have had to drop their asking prices, putting some highprofile faces on growing problem the real estate meltdown is hitting every socioeconomic class.

Johnny Carsons former Tonight Show sidekick owes more than 644,000 in mortgage payments on his 2.

The case of Ed McMahon has shown that you can make millions over lengthy show business career and still find yourself in foreclosure. And it can happen. You know, couple of divorces thrown in, few things like that. What you dont know is, in normal real estate market, if the same lender would have taken look at an 82yearold at the tail end of his career and written him 4. 6 million mortgage he had to keeping working to be able to afford. Its not all doom and gloom, of course.

Several celebrities have dealt with foreclosure on their luxurious estates and many more have had to drop their asking prices, putting some highprofile faces on growing problem the real estate meltdown is hitting every socioeconomic class. What you dont know is, in normal real estate market, if the same lender would have taken look at an 82yearold at the tail end of his career and written him 4. 6 million mortgage he had to keeping working to be able to afford. Its not all doom and gloom, of course. And it can happen.

What you dont know is, in normal real estate market, if the same lender would have taken look at an 82yearold at the tail end of his career and written him 4. 6 million mortgage he had to keeping working to be able to afford. Its not all doom and gloom, of course. And it can happen. The sixbedroom, fivebathroom home in the same exclusive, gated community where Britney Spears lives is on the market for 6. 5 million, down from an original price of 7. 6 million.

Sure see in our Pennysaver weekly publication we for free that has real estate ads as well as other stuff that the asking prices for condo complexes know about is lower, but they are still above the prebubble level.

It is buyers market, there is some decline in some property values, but we havent been hit much by foreclosures yet. Prices are about 510 lower for basically the exact same thing we have…odd. My area is OK. Then we have couple including ours that we bought that have been foreclosed on and in questionable shape. Sure see in our Pennysaver weekly publication we for free that has real estate ads as well as other stuff that the asking prices for condo complexes know about is lower, but they are still above the prebubble level.

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Sure see in our Pennysaver weekly publication we for free that has real estate ads as well as other stuff that the asking prices for condo complexes know about is lower, but they are still above the prebubble level. Prices are about 510 lower for basically the exact same thing we have…odd. My area is OK. heard that NYC started experiencing foreclosures, so maybe we in Westchester cty will be hit soon, but so far it hasnt been that bad. We have couple of houses on the block that have not sold and are priced right.

personally think our area is still overpriced because IMHO 300K for one bedroom condo is ridiculous, even more ridiculous than median house for 600Ksomething, so the prices come down more.

Yearlyrents are less than 3 of purchase price. So 4 decline in housing pricesbankrupts all those with 10 equity or less. It has become common for speculators take out loan for up to 50 morethan the price of the house he intends to buy. Leverage means using debt to amplify gain. If buyer puts 10 down andthe house goes down 10, he has lost 100 of his money on paper. House prices do not even have to fall to causebig losses. No one ingovernment except Ron Paul ever talks about the obvious solution less debt andlower house prices.

Yearlyrents are less than 3 of purchase price. Mostpeople forget that losses amplified as well. safe mortgage is maximum of timesthe buyers yearly income, but mortgages are well beyond that. house foreclosures to stay high reuters. comForeclosures bringing cases of fraud to light signonsandiego. comBuild Your Own House, Cheap moremarin. comHousing Costs Considering Transportation htaindex. cnt. orgLoan Pains Turned Site Into Hit Not patrick. net nytimes. comThank You Orlando Worked great during the boom. Banks happily loaned whatever amount borrowers wanted as long as the bankscould then sell the loan, pushing the default risk onto Fannie Mae taxpayersor onto buyers of mortgagebacked bonds. Mortgage rates are 6.

If he has tosell due to job loss or an interest rate hike, hes bankrupt in the realworld. You probably noticed that yoursalary is not rising much, and that inflation in food, energy, and medical carehas been much higher than the government will admit. On 300,000 house, thats18,000 lost even if prices just stay flat. House prices must dropproportionately to compensate. So 4 decline in housing pricesbankrupts all those with 10 equity or less. Putin the numbers for your own area here. Buying ahouse is very bad deal for the buyer.

In either scenario, housing will weaken.Next Page Who disagrees that house prices will continue to fall? Its still much cheaper to rent than to own the same thing. If you own houseand ever want to upgrade, you benefit from falling prices because youll savemore on your next house than youll lose in selling your current house. Even the National Association of HouseBuilders admits that Investordriven price appreciation looms over somehousing markets. Fraud. Canada has nomortgageinterest deduction at all, and has more affordable housing marketbecause of that. house prices to fall more biz. yahoo. comHousing market seen getting worse uk. reuters.

14th, 2008332 pm As an average person who works very hard for every dollar earn and provides service that this country desperately needs, and as person who will never in their wildest dreams have bonus of several hundreds of thousands of dollars, might speak for the rest of America Who cares if these people cant their choice Manhattan apartment?! sympathize with the hardship of job loss, but these people frankly are doing much better financially than 97 of the worlds population, and can use this opportunity to come back down to earth.

14th, 2008409 pm These coops and boards are idiots. Manhattan sellers who are hoping to receive offers friom buyers at bubble prices will be in for huge surprise. Theres ten year cycle in the real estate market. No? That is where the largest excess was seen. Posted by blindThats how lenders themselves in trouble when they include bonuses as part of the borrowers fixed income. 14th, 2008944 am Investemt banker you have made your buck.

We finally sold our properties in 199697 making profit on one of the three apts.

Manhattan sellers who are hoping to receive offers friom buyers at bubble prices will be in for huge surprise. Theres ten year cycle in the real estate market. We finally sold our properties in 199697 making profit on one of the three apts. l With the other two, we broke even on one and took lose on the other. 14th, 2008409 pm These coops and boards are idiots.

14th, 2008854 pm thought it was said that when the Manhattan real estate market craters is the sign of the bottom. We were long in real estate in having two apartments in Manhattan and one outside. So it will worst before it will better.

We finally sold our properties in 199697 making profit on one of the three apts. l With the other two, we broke even on one and took lose on the other. So it will worst before it will better. We were long in real estate in having two apartments in Manhattan and one outside. 14th, 2008854 pm thought it was said that when the Manhattan real estate market craters is the sign of the bottom. Manhattan sellers who are hoping to receive offers friom buyers at bubble prices will be in for huge surprise.