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]
Tags: analysis, Buying, california, commentary, destruction, Estate, home, House, news, Obama, Real, Realty, selling, update, Wealth
December 26th, 2009 at 11:49 pm
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 ?
December 26th, 2009 at 11:49 pm
50% drop in values, …
50% drop in values, thats huge..
if it happens next year wea re all in trouble
December 26th, 2009 at 11:49 pm
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
December 26th, 2009 at 11:49 pm
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.
December 26th, 2009 at 11:49 pm
Yep ! the option …
Yep ! the option arm loans are going to reset in 2010 the next wave of foreclosures “God help us all.”
December 26th, 2009 at 11:49 pm
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.
December 26th, 2009 at 11:49 pm
george is a fed– …
george is a fed–check out how many vids he has watched–his computer is on a mainframe
December 26th, 2009 at 11:49 pm
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.
December 26th, 2009 at 11:49 pm
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
December 26th, 2009 at 11:49 pm
Amen
Amen
December 26th, 2009 at 11:49 pm
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 !
December 26th, 2009 at 11:49 pm
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.
December 26th, 2009 at 11:49 pm
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.
December 26th, 2009 at 11:49 pm
Amen to strategic …
Amen to strategic defaulting! Cheers!
December 26th, 2009 at 11:49 pm
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.
December 26th, 2009 at 11:49 pm
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.
December 26th, 2009 at 11:49 pm
Anyone looking for …
Anyone looking for subcribers for youtube partner i am Subscribe to me and i will subscribe back to you.
December 26th, 2009 at 11:49 pm
I am trying to …
I am trying to become a Youtube partner subscribe to me and i will subscribe to you too. thanks
December 26th, 2009 at 11:49 pm
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.
December 26th, 2009 at 11:49 pm
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 ??
December 26th, 2009 at 11:49 pm
Change the oil …
Change the oil regularly and change the filter every 15 to 20 thousand mile George,it should last forever….
December 26th, 2009 at 11:49 pm
I am trying to …
I am trying to become a google partner subscribe to me and i will subscribe to you too.
December 26th, 2009 at 11:49 pm
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.
December 26th, 2009 at 11:49 pm
when you modify, …
when you modify, the amount you dont have to pay is counted as income on your tax returrn. no way around it. negotiating with banks isnt the problem. the problem is the taxable income you get from the debt being eliminated! now it becomes a federal beef you can go to jail for if you dont pay.
December 26th, 2009 at 11:49 pm
You are not your …
You are not your credit rating.