inflation.us After doing research on Loan Modification Default Rates and Shadow Inventory Rates i am in shock. This is very serious people. I feel very bad for all the responsible people who have been paying on their loans like clockwork hoping to use equity to subsidize their retirement. Can anyone say "poof" Links www.mgic.com mhanson.com
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You are an idiot. You said we will have RE armeggedon last fall and the winter. The opposite happened. Nobody should listen to this fool.
Interesting information. True the real estate market is a mess now. but this has already been happening for the past couple of years.
So you are a Real Estate expert now ?
You went from telling everyone that the dollar woul;d collapse and society would implode…….to now real estate expertise ?
Why do you people listen to this clown ?
50% drop in values, thats huge..
if it happens next year wea re all in trouble
This is why the Rental and Rent to Own Market is Booming. Take advantage of it. Check me out and find out why
Got some spam from a Realtor telling me it is a great time to buy. My response was only if you are debt free, have 20% to put down, and realize that Realtors do not have your best interest in mind. Realtor told me not to contact him anymore. I said fine. Please stop spamming me. LOL.
Yep ! the option arm loans are going to reset in 2010 the next wave of foreclosures "God help us all."
Is that a good or a bad thing? I really don't understand what you are trying to say.
george is a fed–check out how many vids he has watched–his computer is on a mainframe
Right on George.
We ain't seen anything yet, but I agree with you about defaults on a biblical scale.
Real Estate should never have become speculative . . . this is truelly apocolyptic.
No body is buying home in AZ
alot of ppl leave az
those new house for illegal immigrant are all empty
even if they stay here they cant even afford their food how can they pay for their rent
Amen
Kansas City Missouri is also high in foreclosures, jobs are almost non exsistent for the common workers that pays enough to live on,, this country is in deep trouble – I knew this would happen back in 2005 !
America turned into a communist /socialist state through the banking system. Well done America land of the kept. To big to fail. when the life style starts to fade, with all those guns theirs going to be rivers of blood.
I don't think it will collapse much more. The banks will just hold inventory back to control the market.
Amen to strategic defaulting! Cheers!
You are right crises is not over. But wise investor can make money in any industry. More difficult market is more money opportunities there.
I live in an apartment being forclosed on by some one in California. I live in Idaho, the forclosures that happen over there hurt us here as well.
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Excellent video George. Agree with you on the fact that the housing crash is not over, but not on the timeline. I don't disagree, but the Gubbermint is pretty good at kicking it down the road further than you expect. Also, senate is debating extending (and expanding??) the housing credit to possibly as much as $15K. We live in Bizarro World.
Station wagons are great for family vacation George,not bad at all for $1,500 dollars.Are there any leaks in the engine ??
Change the oil regularly and change the filter every 15 to 20 thousand mile George,it should last forever….
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Yes, volvos are a nightmare. Better to buy something like a Chev Cavalier…. much simpler, and the parts are everywhere and dirt cheap! 1995 -1996 are best. No ECM (computer), and everything can be done in your own garage.