TheRealDeal - Second wave of mortgage crisis to come
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nice vid you got there!
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Here's a piece that supports Tilson's analysis and prediction.
Take a look at the YouTube video-- Mortgage Tsunami Two: 2011-2013
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what does warren buffet say about this?
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variable rate mortgage? Turn and run the other way!
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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
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WOW HUGE SCAM WE ARE STILL IN
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@jandean61 RIGHT ON
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2014 is when this will bottom out.
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?
motonegros 3 years ago 3
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.
rigoletto68 2 years ago 2