A massive loss of confidence in the foundations of property rights and rule of law has occurred. And this loss is having a devastating impact on the housing market, effectively locking up all those foreclosed homes that need to be sold. How can the economy heal while this goes on?
Continue reading The Foreclosure Crisis: Eroding Trust — and Ending the Recovery?
The Foreclosure Crisis: Eroding Trust — and Ending the Recovery? originally appeared on DailyFinance on Mon, 11 Oct 2010 11:00:00.
Filed Under: Economy, Investing, Real Estate