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去年夏天，住房及住房抵押贷款开始出现新的不确定性。经济问题也随之而来。这被证明是人们陷房贷混乱的一个真正困惑。这个问题本质上开始于次贷市场。任何人申请贷款都可以申请到。具有信用问题的人借钱买房子。那些负担不起买房的人可以得到100%的融资贷款。房地产市场是经济增长的主要因素之一。现在我们的经济正处于下降趋势。

不良贷款的做法已使我们的房产市场成为一种经济冒险。在历史书中，我们从未看到借贷成为极端因素。经济形势要想好转，就必须分析并重新规定贷款。放贷人需要意识到他们只能借给人们可以适度还回的钱。

取消赎回权与日递增。根据CNN报道，去年抵押品赎回权取消已经增长了112%。有些州比其他州受到更大的打击。加利福尼亚州、内华达州和佛罗里达州似乎受冲击最大。原因是这三个州在过去几年里的发展。

Last summer, a new uncertainty began to build about housing and home mortgages. Along with it came questions about our economy. It has proven to be a real bafflement at how people really got into the mortgage loan mess. The problem virtually started with the subprime mortgage market. Anyone that asked for a loan received a loan. People with credit problems were borrowing money to buy homes. People, who could not afford the home they were buying, were receiving loans at 100% financing. The real estate market was one of the main contributors to the growing economy. Now it is the downside of our economy.

Bad lending practices have led our real estate market into an economic adventure. In the history books, we have never seen lending at this extreme factor. For the economy to see a turn around lending practices will have to be analyzed and re-written. Lenders need to realize that they can only lend people the amount of money that they can reasonably pay back.

Foreclosures are increasing daily. According to CNN, foreclosures have increased 112% in the last year. There are states that have been harder hit than others have. California, Nevada, and Florida seem to have been hit the hardest. The reason this three states have been hit harder is due to the growth in those states over the last few years.

Inflation is hard on everybody. However, the middle class seems to have been hit the hardest. With increasing gas prices and grocery prices, there is not much left of their paychecks. Before inflation set in, each household had to have two incomes. Now households need two or three incomes. Times were not easy before and now they have become more strained.

Investment Dealers Digest stated, “The rate of foreclosure starts and the percentage of loans in the process of foreclosure are at the highest levels ever.” People do not have money left over from their paychecks to make their house payments. Other problems that have led to an overwhelming number of foreclosures is inflated home prices and loans that home buyers received with adjustable rates. Borrowing up to 100% of the value of the property has not helped either.

Neighboring properties that have been reposed has had an affect on the value of properties. If a homeowner went to refinance his home, the loan company would need an appraisal. The appraiser uses sales of comparable properties to place a value on the home. “It is difficult to get a good assessment of what the valuations would be in this type of market” (Bethune, 2008, p.2). Repossessed homes typically sale at a lower value than homes marketed by true owners. The market will continue to be over saturated due to more foreclosures because people cannot refinance.

Having a home is a necessity. However, home ownership is an alternative. People can still rent. However, rental rates are increasing as we