TheRealDeal - Second wave of mortgage crisis to come

[fivequotes]

nice vid you got there!

[urbanecondetroit]

Here's a piece that supports Tilson's analysis and prediction.

Take a look at the YouTube video-- Mortgage Tsunami Two: 2011-2013

[Bennyclay661]

what does warren buffet say about this?

[mknewstub]

variable rate mortgage? Turn and run the other way!

[abanikka]

How can we estimate when this will end when it is not clear what the long term status of the job market will be? What reasons do we have to believe that the job market will turn around? What reasons do we have to believe that our wages will increase and that cost's will go down? What reasons do we have to believe that we have stabilization in health care costs and finally what reasons do we have to believe we will ever see S.S. and medicare? It is not just housing. We are in trouble in every way

[Ibuysellinvest]

WOW  HUGE SCAM WE ARE STILL IN

[rigoletto68]

the only people recommending buying a house are real estate agents. Renting is so cheap it just makes no sense to buy an asset (house) and watch it lose value over the next five years.

[jandean61]

2014 is when this will bottom out.

[Ibuysellinvest]

@jandean61 RIGHT ON

[Beingreal40]

That guys feels so guilty to clear out the homes, but he had no problem cashing in on selling them.

[jandean61]

"cashing in on selling them." ......that's the business.

[condorito29]

this country is going to collapse and break into ideological factions fighting to "restore" the nation, which in reality will be jackals ripping apart the dead carcass of what once was the United States.

[moniequa]

Oh happy day, oh happy day, oh happy day, when the fed wash, wash the stupid ones away. I love it.

[dcm05002]

this country will collapse. the second you hear of a 100billion dollar auction in t-bills and only and 82billion offer.. watch the dollar inflate to the sky. thar is atleast a couple years away. The fed caused the bubble. The government wont let it deflate.. print print print.. lost confidence in bond market down the road = THE END. we are the new soviet union

[WolYou]

Actually, the soviet union has already outmoded the USA. It just looks different, but your economic "system" leads to the same result. Anyway, this crisis affects less than 1% of the worlds wealth. Its funny how much panic is going on just because some anal-ysts are predicting further crashes. Its like suspecting a car will explode because one backlight is defect.

[condorito29]

I suppose you know more than eeeevrybody else, right?

More than these guys, more than the economic advisors of every major nation on earth, including our own....etc etc.

Who knew?

Maybe YOU should go on 60 minutes...LOL.

[moniequa]

Can we still borrow and buy indiscriminately? We love to borrow and buy, you know. LOL

[theratfarmer]

how can a home owner be resposible for 90% of any mortgage loan? for example, a 100k loan, from a bank, for a mortgage loan is 90% made up out of thin air. "fractional reserve banking". so, the way i see it is, the home owner only owes 10% of the loan (10k). how can a bank loan the money if they don't have the other 90% (90k) of money? legally the home owner owes only 10% of the mortgage.

[Jzeaser]

are you for real

[mannyfeseha]

thehelpfund.blogspot

[blueblazer68]

We are so screwed

[3089280288]

What if you include the possibilty of the auto makers going under? 10 million foreclsures in 3 years?

[motonegros]

Wonder if "Oscar" ever gets to move out a family he himself conned into buying an overpriced house that he knew they couldn't afford.

How do you think Oscar feels about that?