Foreclosure Tsunami. Proof of the Coming Real Estate Collapse.
Written by admin on April 30th, 2007
Support this Channel: Subscribe & Comment. Thank you all! Listen to RealtyTrac analysis of foreclosure tsunami January 26th, 2009, 5:45 pm Interview with foreclosure tracker Rick Sharga of RealtyTrac on whats the chance that what he calls a tsunami of missed mortgage payments will abate anytime soon. I had to cut the first 4 minutes due to the time limit. But, please listen closely at 2:18, Mr. Sharga talks about Shadow Inventory. It’s shocking~! What I learned today will have devastating …
Tags: Collapse, Coming, Estate, Foreclosure, Proof, Real, Tsunami.
April 30th, 2007 at 3:24 am
its moments like these im glad i live on an island at the bottom of the world in the middle of the bush.
April 30th, 2007 at 4:12 am
I own my own rpg game for facebook thanks to rpgapps(dot)co(dot)uk
April 30th, 2007 at 4:58 am
World Factbook info, California as an independent state, it would have had the 10th largest economy in the world in 2007.
July 09 California #1 foreclosures at 108K
U.S. 360,000 for 1 month!
Go To: Google maps, select REAL ESTATE @ right options box. Check FORECLOSURES, zip code 91739 and watch the search area w/PINS of homes in foreclosure. MINDBLOWING! zip 91739 the Inland Empire. Ground zero
CA CML RE @ 30% vacancy rate! 5 yr bloodbath more at: CaliforniaRE2009 blogspot
April 30th, 2007 at 5:33 am
i hope we have anarchy, this is bull shit america is not a free market country! we are slaves to these banks who have compleat control over what we pay and what they sale the homes, cars everything for! until we reject the dollar we lost our freedom. and now we are thinking about health reform, the reason that is fucked is cause insurance makes that so it is not free market system! people reject your dollars and never leave your money in the banks that is promoting the problem!
April 30th, 2007 at 5:42 am
CIT is readying itself for bankruptcy, which will cause ripples in small and medium business loans. there is talk of a second wave of mortgage defaults soon. watch argentina collapse 2001 in my favorites. so many simularities to USA, its scary. obama = menen. better to be prepared and nothing happen than the inverse…
April 30th, 2007 at 5:42 am
OOOOOOOOOO north american union??/
you really think it that bad??? only way out is NAU?/ i dont think so. i hope not man. OMG union with mexico OMG we going down lol
April 30th, 2007 at 5:58 am
Guess that meeting in Waco, Tx in 2005 with Bush, Fox and Canada PM for a North American Union and Amero currency by 2010 may be correct. I just wonder if the dollar will phase out or outright collapse. Collapse = anarchy for USA.
April 30th, 2007 at 6:18 am
However, the banks have 500 billion parked on the Fed. As hyperinflation will hit, RE will be the best asset to own. This will be for themselves not for the people. The only thing I know is that they don’t care about us!
April 30th, 2007 at 6:30 am
aw, poor baby. you have it so rough. try $1100/mo as the avg rent for a 1BR. San Francisco suburb.
April 30th, 2007 at 7:11 am
It takes creative accounting to arrive at the conclusion that a bank can loose money at all. It’s fundamentally impossible, as soon as you make a deposit.
Outlaw fractional banking.
Forget credit. If a company can’t make it on what it earns, it doesn’t deserve to be in business.
Enforce the laws against conspiratorial monopolies, like oil, autos, telecom, cable TV. Software and internet companies like MS. YT, etc.,etc.
Zero tolerance for corporations.
April 30th, 2007 at 7:34 am
Trying asshole, believe me. Just saw on TV that two assholes like you tried to rob an elderly man in a wheel chair.
April 30th, 2007 at 7:57 am
thats a bummer dude that is..can you move away?
April 30th, 2007 at 8:14 am
Imahamina…we should never print money..it should be coined( using gold or silver) as per the Constitution!
April 30th, 2007 at 8:49 am
I agree with you guys. I won’t buy a house yet, because I don’t feel secure with the job market. I’d rather rent a house anyways. My buddies in Greenville, SC rent a 2,000 sqft 2 story house, brand new, and a ton of cool shit for $1,000 a month. In shit hole Florida where I live, I pay $800 for a 2/2 800 sqft apartment box. Florida sux!!!!!!!!!!!!
April 30th, 2007 at 8:54 am
Does anyone know if you can file a lawsuit against a mortgage company and have your loans audited after a foreclosure and is that good recourse for predatory lenders.
April 30th, 2007 at 8:55 am
16th amend. never ratified sorry
April 30th, 2007 at 9:36 am
Moniequa. I relate to what ya say’n. I personally think we’ll find the answers closer to home. Like in the mirror. Youknow, instead of pointing fingers. As to the FED, some people think they are part of the goverment. They are a private co. with a license to print money with computer keystrokes & paper & ink. Then borrow it to the goverment. We (the US) should print own money. No intrest=No need for IRS. An illegal corp. 14th amend. never ratified. see sherry jackson ex irs youtube. Linclon JFK
April 30th, 2007 at 10:23 am
godisfraud88, if being right is retarded, so be it. At least I don’t leave my ass wide open and then get shocked when I get fucked. Keep on blaming the Fed and keep on spending and see who will suffer at the end, the fed? I don’t think so.
April 30th, 2007 at 11:11 am
Tim
I agree with the body of your message
However, understand that the IMF uses America, like a bouncer or as a “big stick”, to get what ever it wants in the world
The time will come when the IMF will need to prop-up its bouncer or lose it all!
April 30th, 2007 at 12:11 pm
you’re a fucking retard!
April 30th, 2007 at 1:00 pm
Prices will go lower, no need to hurry to buy.
April 30th, 2007 at 1:12 pm
What the heck makes you think the IMF needs to cover US debt? Not their responsibility as I understand their mandate. IMF might start LENDING to the USA if we become a 3rd world nation. Otherwise we’re on our own. We’re supposed to be contributing to the IMF not taking from it.
April 30th, 2007 at 1:16 pm
…actually, what we need are better paying jobs. Its job stability that will get us out of this mess, not more consumption. Since its the private sector that generates the most jobs, we need to support small businesses so they can grow and start rehiring.
April 30th, 2007 at 1:40 pm
We need 30 year fixed rate mortgages to be 2.5 % or less to survive this crisis. We must fix Housing or the economy will never recover.
April 30th, 2007 at 2:15 pm
There is a way to hold predatory lenders responsible, help people to keep there homes, and not put the tax burden on future generations. It is called term ownership. Do the research and tell your senator about it before it’s too late.