Wednesday, Aug 20, 2008
Trickle before the flood
South Yorkshire - The Star: Three a day lose homes
THE number of homeowners facing eviction for failing to meet mortgage payments in Sheffield has jumped by more than half to almost three a day, shock statistics today reveal.
Sheffield County Court judges made 247 possession orders between April and June - up by 51 per cent on the second quarter of last year.
Posted by whostolemyendowment @ 09:32 AM (284 views) Add Comment
13 Comments
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1. Serious Guy said...
And some people are still in denial in Sheffield,they either know what is coming or don't care.I've been telling anyone who would listen that the Economy was finished since i listened to the Alex Jones Radio Show on 14th August 2007,in the 2nd hour he is talking to Dr Jerome Corsi PHD.Dr Corsi said the U.S is already in a Recession that is going to last several years,Housing values are going to drop 50% or more from the peak,Homebuyers were going to struggle to get a good mortgage deal unless they have 20% deposit.HE ALSO SAID BEAR STEARNS COULD COLLAPSE AND THAT THIS CRISIS THE U.S WAS GLOBAL!
With common sense anyone who listened to the show and did a bit of research on the web would have known he was telling the truth,so the fact that three a day are losing their homes(YOU ONLY OWN SOMETHING WHEN YOU PAY FOR IT OUTRIGHT) is no surprise.Alex Jones had Bob Chapman on his show in January this year talking about a jugernaut coming after the Sub-prime mess,PICK A PAY LOANS(option ARMs)which are going to reset to higher monthly payments at the end of this year going into 2011/2012.And the main stream media have only started to tell us this now(LAST WEEK)!So when the defaults start to happen over in the U.S because of the PICK A PAY loans it is going to create more losses for the Banks which will spread into the Global Economy and cause more pain for anyone with DEBT.
Just before i go ,Dr Jerome Corsi PHD also said this Economic Crisis was engineered because of the move towards GLOBALISM(A NEW WORLD ORDER,GLOBAL SOCIETY etc) the pumping of the Liquidity(CREDIT) was totally artificial.IN OTHER WORDS A TRAP!
Please search the web for the radio show if you don't believe me. One more thing ,the guy who had to live in his car after having his home repossessed i work with him,he is one of the better people working at our place and didn't deserve what has happened to him and his family.He was just brainwashed into thinking getting a mortgage(DEBT) was the British thing to do.
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12. Plato said...
Interestng Serious Guy.
Not really listened to Alex Jones,but have done my own research. The next wave of loan defaults is about to hit and I think this time the Stock Markets are going to respond properly. We are going to be flooded with tears for sure ,never mind the weather.
Also interesting to see the number of comments removed,although could be the same one. Who knows!
Must have been the mentioning of AJ. Or could simply be victims/future victims of what is happening,because there is one thing for certain :
With or without AJ it is happening.
13. Whostolemyendowment said...
Sorry my news post seems to have triggered comments that breach HPC blog policies...can't see why as not that contentious - just the truth coming out.
The whole pyramid scheme of 'home ownership' {read as debt ownership} has now passed the tipping point - once FTB's and people wishing to trade up (increase their debt) decided to opt out of the race....tulips anyone?