Mortgage Foreclosure Tsunami 2011
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Uploader Comments (jrsnyderjr)
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All Comments (60)
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We are all victims. notsostabletv
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too much easy credit, and the banks bundled these mortgages, many of the ARM loans as triple a, that where crap, and sold them to wall street. the next shoe to drop is retail, 2011-2012, watch out.
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@nightthunder11 ...yes. America doesn't have a tax revenue problem it has a spending problem. I'm afraid the end game is going to be a low low dollar and that's the best case scenario. Took you 3months to get back to me...hahah!
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Not to mention the federal reserve fiat money.
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@justgetsome it's not much about people spending as it's about GOV spending, war , you can't fight 3 wars at the same time, you will break the country and cause unavoidable poverty and rebellions
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I feel bad for you guise.
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Why do families want mortgage debt in the first place? What is the goal of owing that money?
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Let's not forget that too many spoiled children who used mommy and daddy's money, and anyone elses they could weezle out, bought into the property frenzy and are now feeling the pinch . . . let them get pinched.
It's time people grow up, take responsiblity for their mistakes and move on.
Otherwise, if we keep bailing out those who made the bad bets (and that also includes the banksters) the entire country will sink.
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Great video, and like the rest of the country, Arizona good greedy and stupid as well.
Commercial realestate in Arizona is just beginning to implode - it get's far, far worse from this point forward.
Housing should have never become speculative, and we can all see why now.
Overpriced shacks are what most houses really are, and we'll soon see just what most of them are REALLY worth.
theroilsoil 9 months ago
@theroilsoil Both commercial and residential real estate are beginning to fall now in Arizona and will continue. We were a boom state that definitely went bust. There's a huge business in title search, legal work due to foreclosures and bankruptcies.
Check out my video I posted last Friday "Double Dip Storms and Tornadoes: Economic Meltdown?" attached here or at : watch?v=H8GHuyngLZM&feature=channel_video_title
jrsnyderjr 9 months ago
Some very good information from a very knowledgable man. I think it's worth making extra mortgage payments if you have extra cash (the lucky people) so that you are a number of months ahead if you do lose your job.this will give you a little time to find work & still cover your daily expenses without your home being under threat. Will watch some more!
09SRILANKA 1 year ago
@09SRILANKA Good point, I think paying off anything early and getting ahead is a good idea. Thanks for watching!
jrsnyderjr 1 year ago
@jrsnyderjr. Thankyou, like your style of presentation, very level headed & factual. I must say i dont save any £ in the bank but have been investing in physical silver bullion for the past 3 yrs & am glad i did. £ in the bank is worthless, better to pay off debt or invest in something which will grow in value. Silver made gains of 75% in 2010 compared to say 2-3% in savings. My bro purchased $6500 in silver March 2010 & to buy the same would now be $9500+. He ppurchased from Gainesville in FL.
09SRILANKA 1 year ago
@09SRILANKA Thanks for the compliment. I saw your videos and you are very wise to have been buying silver these past few years.
jrsnyderjr 1 year ago