As a home is being foreclosed on, the homeowners sometimes live there without paying monthly mortgage bills -- a phenomenon that actually gives the broader economy a boost, as these homeowners find themselves with more spending power.
http://www.bloomberg.com/news/2011-...st-spending-as-u-s-mortgage-holders-bail.html
Huge amounts of money flowed from government to bail out the financial industry. Its nice to see that some of that money is now flowing from the financial industry to ordinary people (who of course immediately spend it thus stimulating the economy for all of us).
http://www.bloomberg.com/news/2011-...st-spending-as-u-s-mortgage-holders-bail.html
Huge amounts of money flowed from government to bail out the financial industry. Its nice to see that some of that money is now flowing from the financial industry to ordinary people (who of course immediately spend it thus stimulating the economy for all of us).
