Real Estate Time BOMB. Foreclosures and the Collapse of the Real Estate Market

maybe you shouldn’t look at the “yahoo real estate”,
but have a look at the “shiller home price index”.

… Home prices dropped the most on record …
… the biggest workforce reduction since 1945.

Because the banks are holding the houses….they are not letting them go in the market….They got 500 billion dollars parked in the Fed. Who knows what is going on….

What do you mean with the rates which have to be paid to the exporting-nations? Do you think the mortgages or loan contracts in dollars will be adjusted as the inflation comes?

But if you go onto the real estate MLS, the houses have not dropped in price.

Just do a random search on Yahoo real estate.

Houses are still the prices they have always been.

Why?

However, the banks have 500 Billion parked on the Fed. They are holding the RE for themselves because as the hyperinflation will hit, RE will be the right asset to have, this will give them total control of the people…..

I know a real estate broker who represents the banks and markets their foreclosed homes. He tells me that the foreclosure market has dwindled down to a very small trickle. He said the banks are not releasing their foreclosures and are holding onto them. A couple of months ago, he told me the banks were going to release a huge supply of foreclosures to sell in July. Now, he says that did not happen and he is being told, by the banks, they will be released in November 2009.

WATCH OUT!!

If home owners lose their jobs, they will sell their homes at a lower price then the market to 1) get their equity and 2) To not ruin thier credit. Banks know that to complete they will have to sell even lower and this will push prices much lower. Banks do not want to push prices lower because more people will abandon their homes and cause a bigger problem for the Banks.

Interesting analysis. Big banks/lenders do not want us to know the depth of the crisis. Keep the house you can realistically afford and live beneath your means. The days of trading up for a bigger house/pricer home are gone for an entire generation. Ask anyone raised during the depression and you will get an honest assessment.

Agenda 21, changes everything if it moves forward.

mindstream you need to FOCUS on what you are dealing with here.
2 competing agendas. The seen agenda is public safety that has to be dealt with by public authorities. The unseen agenda is the profit driven mindset of zombie banks. These zombie banks and their bacterial bankster staffs are going to continue to do what they have always done in these circumstances untill they are forced to do otherwise.
The tragedy is the lives and families that are destroyed until public policy catches up.

North American Union, isnt a rumor, check the SPP, Its going to happen because people in the US, dont care about real issues, because the issues are too complex as they think about them,
The would rather listen to ignorant theologians, watch fake news, and baseball or something, and by the time they get up to speed they will wake up in the NAU, and will be in a totalitarian,fascist,socialist state.

What was the point of making the people leave their houses? why not just let them stay in them for as much as they can afford while a buyer can be found?, why not just rent the house back to the owner who has just defaulted until a buyer can be found?, and who knows?maybe these people will manage to get themselves into a financial position to continue paying the mortgage? better than just leaving the place to be wrecked, that was a lose-lose decision

.

I warned you my fellow Christians, THE END IS COMING! Depart now from all form of unrighteousness such as fornication, homosexuality, pornography, watching violent entertainment, drug abuse, smoking, gambling, cursing, bullying, revelries, pursuit of money and idolatry etc. LEST YOU BE FOUND NOT WORTHY TO ENTER THE KINGDOM OF GOD.

A volcano situated in the US will erupt not far from now, when this happen you will know that this warning is from God.

.