CNN Money: Tsunami Coming For Housing Crisis
Posted on December 7, 2008
Filed Under Foreclosure Articles |
We are just in the first inning of the housing crisis according to Yale economic scholar Schiller. Last year their was a 50% drop in mortgages. When loan reset in mortgages increase in 2009! The next inning begins.
A Housing Crash Will Soon Hit America — Find out Sir John Templeton’s Advice and Prepare for the Coming Catastrophe
http://w3.newsmax.com/fir/fir-templeton.cfm?promo_code=2A89-1
Paulson: Foreclosures May Hit 2.5 Million in 2008
http://www.moneynews.com/economy/foreclosures/2008/07/08/110955.html
Why This Housing Bust Is Worst Ever: The American Dream Ends
http://finance.yahoo.com/tech-ticker/article/37383/Why-This-Housing-Bust-Is-Worst-Ever-The-American-Dream-Ends
Losses from the Financial Crisis Now Up to $1.6 Trillion
http://iamfacingforeclosure.com/viewnews/2008-07-09_LossesfromtheFinancialCrisisNowUpto16Trillion.html
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13 Responses to “CNN Money: Tsunami Coming For Housing Crisis”
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lets all go outside …
lets all go outside !
good idea
One of the main …
One of the main problems for the future is that most young adults from this upcoming generation like myself are coming out college with atleast $60-110,000 in school loans. I don’t know ANYONE from my graduating class that is even conceiving of buying a home for atleast 6-8 years because our school debt. And as tuition climbs higher and higher, this is further going to devastate the housing industry IMHO.
D, you’re Dreaming. …
D, you’re Dreaming.
This housing market is going to spectacularly collapse. Those that bought in the last five years won’t see thier purchase price again for a decade or more.
bloody he gave …
bloody he gave me a headache - what a whiny voice!!!!
Americans are over the top - its amazing they are not all committing suicide after listening to a dumbed down presentation like this. Comparing a credit crisis to a baseball game - geeeze!
Yeah im so dumb I need you to explain it like its a game and pass the beer while your at it…geeze talk about insulting.
Everyone get out of debt and go buy some gold and REALLY make the bankers work for their fat pay cheques.
This storey does …
This storey does not seem to consider the “BIG PICTURE”. That is- A. more people B. less resourse C. greater demand D. fill in your own observation.
FUCKING LIBERALS …
ING LIBERALS MUHAHAH
Next level is …
Next level is comming, the multi million dollar homes are now comming into play, super losses, lots more bank failures, see the list of the largest, offer more paper stock to shore up, it’s not going to help, the only thing selling today is coffee coke & tampons
Hee hee funny colors
Hee hee funny colors
2012 eh….
2012 eh….
What do you think …
What do you think this does to the construction/remodel industry? Im getting out now!
I’m sure there’s …
I’m sure there’s nothing to worry about, besides Obama or McCain will save the day. Take the family to Disney Land, just take a loan out.
heavy.
heavy.
Terrific …
Terrific subscription. Thank you for putting the time in on doing this. I really appreciate it. This is the Perfect Storm I started fussing about a few years ago, and no one listened to me. Greetings from France, where real estate sales are down . . .