Thankfully, it’s not my lender, but American Home Mortgage Investment Corp. is bouncing property checks in Baltimore City and Baltimore County.

Over 100 Grand so far, and this is the camel’s nose under the tent.

In addition to everything else, there is going to be a lot of unpaid property tax at the local level, and falling assessments, putting cities and counties in a cash crunch.

Thank you Alan Greenspan.