2012 - The Crash of the U.S. Housing Market?

From Glenn Beck's Fox News Channel program on June 16, 2009 - a graph showing the upcoming crash of the United States housing market thanks to incompetent buffoons like Nancy Pelosi, Harry Reid, Barney Frank and Chris Dodd who were told many times this was coming and chose to look the other way as hundreds of thousands of people were outright handed mortgage loans they had no possible way of repaying and had no business owning a home.

According to the forecast we've only seen the worst offenders hit the foreclosure mark so far. The next stage comes in 2010 - just prior to the midterm elections - when people who actually tried to pay on their homes will begin to fall into foreclosure -- with another group set to arrive there in 2011 just prior to the total collapse in time for 2012.

There's that date again folks -- 2012! Coincidence? Not likely!

Category:

News & Politics

Tags:

• glenn
• beck
• housing
• foreclosure
• congress
• incompetent

[PandoraLeigh]

Is there an update to this for 2011?

[mryellow123]

@theroilsoil Was just funny watching people buy realestate at the top of a fake inflated housing market. Everyone around me talking like they knew some "truth" about "economics" and that "realestate always goes up". They don't even figure it out when the only buyers they can find are other investors looking to leave the house empty. It's like people imagine that everyone in the market is prepared to pay 50 years income for basic shelter and that it's somehow sustainable growth.

[mayssm]

@JackRoller008 So why didn't the Republican controlled House, Senate and Executive fix it? They had 6-8 years before the meltdown. It would have been easy as pie with control of the entire Congress and Presidency. And it's not like economists weren't screaming at them at what was coming.

[aaronandnicole]

ron paul predicted this long befor any of these fool.

[JackRoller008]

Barney Frank, Chucky Schumer, Chris Dudd, & Maximus Waters created this mess in 1999 when they ran the fiancé committee. The bill they sponsored force banks to write loans with no money down and interest only supposedly to help minorities, ("everyone in America should own a home").

[ukusapillage]

they arent wrong, foreclosures havent stop

[mrsluisaj]

@PandoraLeigh . Yes there is an update.... They were both so wrong!!! Some one should call him out on it.

[2009pmatson]

Bush and Republicans were in control until 2006, then democrats voted in Democrats to house of Representativesto protest the war and Democrats are angry at Bush for Democratic policies. Sum it up Democrats we all start as, until we grow up, and educate ourselves and become Republicans

[myestatedealdotcom]

I think when it comes to real estate the best way to save is through saving on realtors commission when selling your property. If your buying why not try a new revolutionary system that helps you get a rebate of any property you buy!!!

[rb3264]

Something like 7 out of the last ten recessions/depressions were caused by housing crises.

[DarkSifu]

governments gonna step in after the second crash and buy up the houses and trade them in for military service. I predicted this and everything else that was going on at 17 yrs old im 24 now and multiple things have happened. including the nuclear facilities burried in the sand but still operational in Assyria. and the 401k crash.