U.S. Mortgage Crisis to get MUCH Worse in 2011
June 17, 2010 by Editor · Leave a Comment
The so-called U.S. news outlets are again talking about a “bottom” in the U.S. housing market – and trying to entice more victims to jump in. However, the reality is that mortgage statistics show that the collapse in the U.S. real estate market will continue to get worse until at least 2011. Words: 492
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Why Coming Option ARM Crisis Will Send Gold Higher – Much Higher!
June 4, 2010 by Editor · Leave a Comment
Just as 2007 and 2008 were the years of subprime woes, 2010 will go down as the year of Option Adjustable rate Mortgage (ARM) resets. This crisis is about to unleash a fury no one’s prepared for. It won’t be as bad as subprime, of course — it’ll be worse. Words: 557
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House Prices to Decline Further With Forthcoming Dramatic Increase in Foreclosures
May 15, 2010 by Editor · Leave a Comment
If you think home prices have hit bottom and are now headed back up for good, think again! Round two is about to begin. Words: 552
Coming Commercial Real Estate Loan Failures To Have Devastating Effect on American Economy
May 8, 2010 by Editor · Leave a Comment
Just when popular media suggests that the economy is back off the ropes, the Congressional Oversight Panel, which is charged with monitoring the banking system bailout, is warning that the economy could be headed into round two of the worst downturn since the Great Depression. Words: 734
Ever Increasing Foreclosures Mean Low House Prices for Many More Years
April 20, 2010 by Editor · Leave a Comment
Anyone who sees a rising pool of millions of delinquent mortgages as the foundation of a recovery in housing valuations isn’t considering the feedback loop which is now firmly in place. The foreclosure pipeline will be full for years to come precluding any “recovery” in housing valuations as supply will swamp demand. Words: 385
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Major Commercial Real Estate Losses to Rekindle Financial Crisis
April 11, 2010 by Editor · Leave a Comment
Over the next few years, a wave of commercial real estate loan failures could threaten America’s already-weakened financial system. Commercial loan losses could jeopardize the stability of many banks, particularly the nation’s 2,988 mid-sized banks that have these dangerous concentrations in commercial real estate lending and, as such, as the damage spreads beyond individual banks, contribute to prolonged weakness throughout the economy. In fact, between 2010 and 2014, about $1.4 trillion in commercial real estate loans will reach the end of their terms – and nearly half are “underwater” already. Words: 987
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Mortgage Interest Deductibility: An Unfair Subsidy for the Rich
March 2, 2010 by Editor · Leave a Comment
The MID is as inequitable as it is inefficient. It is the quintessential “upside-down subsidy: the greater the need, the smaller the subsidy.” It provides 10 times the tax savings for households with income exceeding $250,000 compared to households earning between $40,000 and $75,000. It is effectively worthless for low- and middle-income households, such that repealing it would significantly increase the progressivity of the income tax. Words: 812
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U.S. Real Estate? Fuhgeddaboudit for Another 5 Years!
February 23, 2010 by Editor · Leave a Comment
Real estate has definitely not bottomed in the U.S., and probably not anywhere else either. You have to take a long-term view of this. At this point in time I am completely uninterested in speculating in U.S. real estate – and I don’t foresee being interested for at least five years. I reserve the right to change my mind, but I think it’ll be at least five years. Words: 1340
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Effects of Credit Crunch on Real Estate Market to Continuue
February 1, 2010 by Editor · Leave a Comment
The effects of the credit crunch on the real estate market have been serious, but negative trends will not continue forever. Words: 512
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Buying Tax Liens on Foreclosed Houses can Generate 16% Returns
February 1, 2010 by Editor · Leave a Comment
Tax lien buyers can earn up to 16 percent annually if they acquire good liens. Lenders typically pay up all the unpaid taxes on properties they foreclose upon, so lien holders can expect immediate returns on their lien investments. Words: 298
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