Massive Tzunami of Home Defaults Coming or How to Rob America Blind
by Family Home Buying ~ March 5th, 2010. Filed under: Uncategorized.inflation.us Sign Up at NIA for Christmas! Housing Crash Continues It’s Still A Terrible Time To Buy Why? patrick.net Because there is a massive and growing backlog of latent foreclosures. Millions of owners have simply stopped paying their mortgages, and the banks are doing nothing…
December 29th, 2009 at 4:08 pm
Wait a minute. Scratch that. It might be a greater trick from the gov. to truly enslave you as you actually sign yourself over as ’security’ for the debt. Not sure. i need to look into it more deeply cuz it’s just too easy. I know a lot of people are going this route but I think we need to tread very carefully and realize what it is we may potentially be signing away. No such thing as a free lunch. Personally, I prefer the whole Freeman on the Land Sovereignty movement which is a pure approach.
December 29th, 2009 at 4:38 pm
@quantumsolutions oops. that was supposed to be Druanna.
December 29th, 2009 at 11:30 pm
coming January 2010! the option ARM resets! enjoy!
December 30th, 2009 at 1:29 am
if you listened to the media – we are all good – PS do not look out the window when Rome is burning
December 31st, 2009 at 6:02 am
This is that same dude from that stupid “george goes to Detroit” video… he’s an idiot
January 2nd, 2010 at 2:33 am
in socialist america, money grows on trees in china.
January 2nd, 2010 at 3:09 pm
Check-out >> Bob Chapman 2035 Banks
January 4th, 2010 at 12:19 am
Wonderful wizard of ozama keeps talking about green shoots.
January 5th, 2010 at 6:07 am
Credit won’t matter in the near future. Credit ratings will mean nothing. It will be back to the good old system of do you have a downpayment or collateral? Then you get a loan if you want at 15%+. The whole credit rating system is a major part of the problem.
January 5th, 2010 at 6:09 am
@becvictoria , wait, the second dip is about to happen. The treasuries are starting to not look so good. High rates on the way. This is where it really gets going. Keep your cash ready to buy cheap in a couple years.
January 8th, 2010 at 5:20 am
I used to work for a Fortune 400 company that ranked in the 370’s. They used to produce some products in the U.S. and ultimately outsourced all of its products overseas. I was in charge of 5 warehouses with products that cost $17 to make and sold at reatail at $250+. The management started to treat workers as #’s. Got tired of that n’ resigned.
It’s a rich mans game, The Great U.S. of A. is actually a consumer and service nation (fast food workers, Wal-M*rt, department store clerks, ect.)
January 8th, 2010 at 5:27 am
It’s all about greater education, we need to encourage our children to go to school. Save for their college tuition or have them tutored for they can keep a high grade point average and get a Grant to continue their greater education.
Ignorance come from low income environments and can’t be fixed because there is not enough money to keep good teachers in bad neighborhoods or even to hire more teachers to focus on slow students. Maybe it’s planed to keep a large supply of sheeple.
January 8th, 2010 at 5:37 am
It’s Wall Street Greed.
The products (loan programs) were created by possibly 25 to 35 year olds in Wall Street district and pushed through lenders and brokers. The products were called Exotic Loans. Didn’t check or verify income statements, if you had a heart beat you could buy a house..The News media and direct lenders and brokers pushed and skewed loans to get approved. It’s a damn shame that the Gov bailed out the banks. The Gov can’t get involved in bad business decisions but it did.
January 8th, 2010 at 11:28 am
Don’t need a education to work at Walmart or to flip burgers. The most important education everyone needs right now is knowledge about whats coming down the pike and how to survive and change it if possible. We stand against slavery and oppression, B.S we love it and embrace it at our own peril, we support it fully every time we by goods made in China. Our children will grow up under communism if something doesn’t change soon. Yes I agree, now we are a consumer nation, how long will that last?
January 8th, 2010 at 11:43 am
Whats planned to keep a large supply of sheeple is the fluoride there poisoning us with. Fluoride never did fight cavity’s, it was never safe for human consumption and it was always known what damage it does to the brain. Mercury isn’t good for us either but the schools tell the children different. Teach the ABC’s & 123’s not singing pledges to the president. Especially one that hangs a Mao ball on his Christmas tree. We’ve been sound asleep dreaming and it’s time to wake up.
January 8th, 2010 at 1:35 pm
You sir are a victim in this globalization scheme, it trully is the elite again’st not just the middle class but even semi successful people. Workers and employees have been sold out by corporations and government alike. Exploitation is coming in a more extreme form I believe from both corporation and gov’t. They need us on our knees first.
January 9th, 2010 at 4:59 pm
I agree its about greater education, but I’m afraid we don’t agree on what kind of education. Certainly not university education because univesities educations are part of the problem. All that is is more b s to keep people in debt and still in dead end jobs. We need street smart education; intensive courses on how to survive the real world, how to say no to our own spending & no to our government spending; how to earn more, invest better & stick together against the institution.
January 12th, 2010 at 3:17 pm
1-Listing inventory shrinks & fewer sale signs?
2-Mass Media spurs talk of a bottom
3-Volume picks up
4-People are less fearful of the market.
5-People talk about investing in real estate
6-Increasing calls to realty offices on listings
7-The Fed finishes tinkering with interest rates
8-People talk about the bottom like its a thing of the past
9-Prices seem to stop dropping.
10-Financing becomes easier
January 12th, 2010 at 5:19 pm
can you tell me where can I find duranna web page
January 12th, 2010 at 11:28 pm
Rather than these houses sitting there empty… They should sell them for what folks can afford…and not how much they can borrow.
January 18th, 2010 at 6:28 am
buildum’ for 50k, sell them for 500k. give your $ to haiti. fuck everything
January 19th, 2010 at 4:49 pm
Sell the houses for dirt cheap, let prices fall back to Earth. Stop trying to keep people in homes they can’t afford. Undo everything that the bubble did. If that means you get wiped out because you bought during the bubble, sorry, you’re a dumbass. Easiest bubble ever seen.
January 20th, 2010 at 3:34 pm
when ancient civilisations collasped the residents during these times of collapse were unable to grasp where they were in the stream of time ? the majority today are unable to grasp the world has reached a pinacle of wickedness ? the economy has been the uniting factor of the world ? gone our civilisation collapses !
January 23rd, 2010 at 5:06 am
So true.
February 21st, 2010 at 4:50 am
Yes…, letting home prices fall should hurt speculators, people who plan on staying in their homes, and building their communities would not be affected by home price decrease.