Here’s a graphic from the Wall Street Journal.
– click on image to enlarge
It shows the number of loans that will reset next year, as a percentage of “all homes” (not sure what they mean by that, is it “all homes” meaning all houses (and/or condos) or all homeowners with loans, or what?).
What does this mean?
Well, for one thing, Massachusetts doesn’t look so bad?
For another, because the states with the problems include Florida, California, and a slew of states on the eastern-seaboard, expect the usual suspects (meaning, Presidential-candidates) to make it one of their primary issues (during primary season).
We don’t need talk and posturing, we need action!