thanks!

!!!

Thanks for the information you are sharing. You are helping a lot of people wise up to the fraud ripping through the fiber of American Real Estate Market.

Thanks for the information you are sharing. You are helping a lot of people wise up to the fraud ripping through the fiber of American Real Estate Market.

Thanks for putting this information on youtube !

Happy New Year 2008.

If the owners of a foreclosure home worth $500,000 is seized by the bank because the owners default on $100,000 remaining, does that mean I only have to pay $100,000 and the $500,000 home becomes mine 100% legally?

Virtuoo, I looked at the graph. The recent run up in home prices was fueled by easy credit, borrowing, inflation, lax lending standards, and highly irrational speculation. There has never been this sort of debacle in the housing markets before. One should not reasonably expect home prices to approach this level again. There must be a correction back down to the pre-1996 prices adjusted for inflation. Since the CPI is much higher now than generally acknowledged (about 7-8% and rising) it's hard to say where that number will be. Also, Helicoper Ben might decide to try and inflate our way out of this mess, so there's no way to tell what the nominal prices will be when it's all said and done. However, REAL prices are going to drop between 50-60% of the peak prices. Thanks for the graph. I am more convinced than ever that we're screwed.

I don't know how you can see anything else unless there's a conflict of interest that's clouding your judgement.

part 3

Basically, it's like investing in a company that is a guaranteed winner, that has a product no one else can duplicate, but that gets manipulated on the stock market. The intelligent investors out there will buy low and hold, and of course sell now and then to take some profits. They will always make money, even though the peaks drop back once in a while, because the trend is always upwards.

Thanks! Let me know what you think about that.

part 2

I encourage you to take a look at the chart for housing prices since the late 1800s I have posted on my blog, along with Donald Trump's magazine article on real estate "bubbles" and then reconsider your stance. Go here: ierealestate dot blogspot dot com (substitute a real dot for the word "dot")

Notice on the home pricing chart that the trend has always been UP since the late 1800s...it just so happens that once in a while, the peaks have to correct themselves. Notice when peaks have happened in the past, what happens after the peak, and then what happens after the correction. The next peak is actually much higher than all the ones before!