Speculate real estate summit county colorado buyers and “flippers” only added to the problem. For the average Summit county real estate listings, unaware of how money works, failed to re-finance in time and so when the ARM flexed its muscle or the balloon payment came, they were in trouble. Many Americans have lost their Breckenridge homes for sale to real estate dillon, foreclosures in Breckenridge colorado for a mere $500/month balloon. Add to this the demise of bonuses and raises (in my last job I had NO raise of any type for four years), the ease of declaring summit county long term rentals bankruptcy and breckenridge foreclosing, and you can understand the mess we’re in summit county colorado real estate for sale Wait until Obama or McCain put 20 million illegal aliens (and their children) on a path to summit county condos for sale citizenship. Follow that up with chain migration of low skilled workers based on family relationships. Add in the increasing number of high school drop out and poorly educated citizens. We will have decades of using summit county mls listings taxpayer dollars to provide benefit programs for 60 million citizens. Congress is increasing the number of visas for skilled foreign labor to compete with those governmen property citizens that are paying a large share of the federal income taxes in this nation.
We will have citizens strained to meet housing and food costs