What recovery? There were 937,840 foreclosures in Q3 in the US, according to RealtyTrac, the highest quarterly level since they starting issuing reports in 2005. Let's take a closer look via giant sexy graphic visualization.
Sure home sales have picked up the past few months, but is it sustainable, or mainly people trying to get in before the new homebuyer tax credit expires in November?
Consumers are more stressed than ever to make their mortgage payments. With hundreds of thousands of Option-ARM mortgages resetting this month, high unemployment, strapped bank accounts and cut credit lines, the housing crisis is far from over.
LINK HERE
Fantasy Housing Numbers a Prelude to the Next U.S. Crash
LINK HERE
Citibank just sent out a notice that they are raising CC rates to 29.95%!!!!
ReplyDeleteCan you believe the nerve after stealing billions? Have to laugh.
Of course the lemmings won't care.
It is one thing to read all the stuff here but it is another to see it all transpiring right before your eyes.
ReplyDeleteI feel very pessimistic about the economy going forward. I don't see anything good coming about anywhere. The only thing I can think is that investing in private police force companies or prisons is the only thing that will make a return in the coming years.
ReplyDeleteI have great credit, but if my CC goes to 29.95%, I aint paying. They can write that shit off. Screw my credit rating, who cares?
ReplyDeleteTony Soprano charged 30% to the guy that run that tool shop. The BANKSTERS are no better.
ReplyDeleteObama's bs about wanting to control what the banksters do is laughable. He should wear a t-shirt up at the podium that says he was bought by Goldman Sachs.
Obama's T shirt should say...I visited Goldman Sachs and all I got was this lousy T shirt"...Ha!
ReplyDeletebush's t shirt should say I visited cheney and he told me boy STFU and start this war so we can make my company halliburton richer then ever
ReplyDeleteWhat a screwed up bankster run government we have. It really is so sad because Americas at the core have so much creativity, ingenuity, and charity within them.
ReplyDeleteThe people are great but unfortunately the people are powerless in every way.
when will this madness ever end?
ReplyDeleteDon't forget The Order Still Stands
ReplyDeleteYep; Citibank and kiss that money owed goodbye after pulling this stunt. Credit rating? What a farce that is. Yeah, I'm worried about that... NOT! LOL
ReplyDeleteWell at this rate, in another 22 quarters,
ReplyDeletewhich is 5 1/2 years,
every home in Nevada will have been foreclosed
upon.
Of course, this rate of foreclosure will actually ACCELERATE in the coming months and years due to the MASSIVE AVALANCHE of Alt-A resets coming due about now and extending until 2012 or so, coupled with the increasing number of foreclosures occuring because even stable people are losing their jobs and missing payments as the economy continues it's
IMPRESSIVE DOWNWARD SPIRAL TO COMPLETE IMPLOSION
Cook County just jacked up real estate taxes 10-20%. It's not unusual to pay 7000 a year on a modest house that is nothing special. New houses can easily be 10,000-13,000 a year. Add the increase and the economy and tell me there aren't going to be more defaults.
ReplyDeletetHIS IS sick OUR GOVERNMENT IS out of control....tHANK YOU mR ANGELO mOZILO YOU POS
ReplyDeleteYou're right, panic anxiety may be difficult to dealt with but it's possible to overcome it. I also found refuge in dealing with panic attacks with with this helpful site
ReplyDeleteIf people would lower their appitites for stupidly expensive junk, as well as out of bounds expensive houses, and tin and glass really stupidly expensive vehicles, and GET OUT OF DEBT, then it would not matter to them how high the CC card interests and insane loan terms go. A fixed home mortgage at about 5-6% is ok if you have income to meet the payment. It is hard, but you can find a way to have a home without a large complex adjusting loan, and you should have paid at least 25% down, and have a small managable payment. Once out of debt of all kinds you can be your own bank, and you won't care about credit scores or payments or adjustable "kill you" later down the road loans. Out of debt you just operate out of your own cash flow. It is truely amazing, the freedom from debt, and life without worrying about loans and payments. You need solid passive income, and then an active income that does not matter if it is up this month or down next month. Take the change of attitude, get out of debt, take charge of your life, live a little!!
ReplyDelete