Tag Archives: shadow inventory

With recent numbers positive for housing realtors, politicians, and others with vested interests, are quick to claim we are on our way back - but are such numbers really meaningful and sustainable? Many more objective analysts, however, are less sure or disagree with this conclusion that the bottom has been reached yet. Here's what some of them have to say. Words: 1377

The new [debt ceiling deal] legislation will add $2.4 trillion to the $14.3 trillion national debt in a little over a year - and we don’t even start saving money until after the debt reaches $16.7 trillion! This bill doesn’t even cut the deficit. It just slows the growth of government spending to around 8% a year! So, even if Congress cuts $2.1 trillion out of the budget over the next 10 years, we will still be running annual deficits of more than $1 trillion...[That means that in addition to a deficit that will continue to grow we can look forward to a shrinking economy, an imploding U.S. dollar and exploding inflation. Some future! Let me explain.] Words: 827

As bad as the housing crisis has been over the past three years, it has only been a warm up to what we have headed our way... [In fact,] the forecast is horrific, to say the least!28% of US homeowners already owe more on their mortgage than their home is worth [and]... 27% of American homeowners are considering walking away from their mortgage...This is going to significantly drive home prices further down. [Let's look at the details.] Words: 657