Well suffice it to say that for the first time in twenty six years I am looking for a job, and I have been an owner for the last nineteen years. I am in construction and I do not see a profitable year coming up for the next five to seven years, basically because of customers inability to get the financing they need to either purchase a first home, or refi and get the cash they need to remodel their existing home. Refi's may be way up, but that is primarily for people who are looking to change their existing ARM's to fixed rates and get their payments back to a resonable rate.
|