Massive Defaults Coming in Real Estate – 30% – 50% Reductions
http://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
http://www.mgic.com/servicing/hamp_gse.html
http://mhanson.com/archives/242
Duration : 0:4:13
[youtube tytAPhm5oJo]
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January 21st, 2010 at 12:56 am
You are an idiot. …
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.
January 21st, 2010 at 12:56 am
Interesting …
Interesting information. True the real estate market is a mess now. but this has already been happening for the past couple of years.
January 21st, 2010 at 12:56 am
So you are a Real …
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 ?
January 21st, 2010 at 12:56 am
50% drop in values, …
50% drop in values, thats huge..
if it happens next year wea re all in trouble
January 21st, 2010 at 12:56 am
This is why the …
This is why the Rental and Rent to Own Market is Booming. Take advantage of it. Check me out and find out why
January 21st, 2010 at 12:56 am
Got some spam from …
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.
January 21st, 2010 at 12:56 am
Yep ! the option …
Yep ! the option arm loans are going to reset in 2010 the next wave of foreclosures “God help us all.”
January 21st, 2010 at 12:56 am
Is that a good or a …
Is that a good or a bad thing? I really don’t understand what you are trying to say.
January 21st, 2010 at 12:56 am
george is a fed– …
george is a fed–check out how many vids he has watched–his computer is on a mainframe
January 21st, 2010 at 12:56 am
Right on George.
…
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.
January 21st, 2010 at 12:56 am
No body is buying …
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
January 21st, 2010 at 12:56 am
Amen
Amen
January 21st, 2010 at 12:56 am
Kansas City …
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 !
January 21st, 2010 at 12:56 am
America turned into …
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.
January 21st, 2010 at 12:56 am
I don’t think it …
I don’t think it will collapse much more. The banks will just hold inventory back to control the market.
January 21st, 2010 at 12:56 am
Amen to strategic …
Amen to strategic defaulting! Cheers!
January 21st, 2010 at 12:56 am
You are right …
You are right crises is not over. But wise investor can make money in any industry. More difficult market is more money opportunities there.
January 21st, 2010 at 12:56 am
I live in an …
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.
January 21st, 2010 at 12:56 am
Anyone looking for …
Anyone looking for subcribers for youtube partner i am Subscribe to me and i will subscribe back to you.
January 21st, 2010 at 12:56 am
I am trying to …
I am trying to become a Youtube partner subscribe to me and i will subscribe to you too. thanks
January 21st, 2010 at 12:56 am
Excellent video …
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.
January 21st, 2010 at 12:56 am
Station wagons are …
Station wagons are great for family vacation George,not bad at all for $1,500 dollars.Are there any leaks in the engine ??
January 21st, 2010 at 12:56 am
Change the oil …
Change the oil regularly and change the filter every 15 to 20 thousand mile George,it should last forever….
January 21st, 2010 at 12:56 am
I am trying to …
I am trying to become a google partner subscribe to me and i will subscribe to you too.
January 21st, 2010 at 12:56 am
Yes, volvos are a …
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.