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Acid In The Punch Bowl

The [Us] Housing Collapse Of 2010 Will Be Worse Than 2008

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You guys have probably seen this but I only just found it. Explains the double dip news today. (couldn't find that thread for some reason)

The Housing Collapse of 2010 Will Be Worse Than 2008

note it was posted in 2008.

(If this is old news then just delete it)

They got the timing wrong.The second wave began early 2009 with the so called safe loans starting to default. Started to see that when I was over there.

Interestingly though they have a potential third wave with the inability to foreclose. It'll snarl up the stock and then when it begins to be seized again it'll be a tidal wave of properties being seized and thrown onto the market, pushing the prices down quicker and harder.

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You guys have probably seen this but I only just found it. Explains the double dip news today. (couldn't find that thread for some reason)

The Housing Collapse of 2010 Will Be Worse Than 2008

note it was posted in 2008.

(If this is old news then just delete it)

Nice Find.

Especially like the graph at 3:25. in!

NOW THAT'S ONE SCARY GRAPH!

Where narrator states,

'These are the billions of dollars in subprime mortgages that reset last year and this year. Now look at what has'nt hit yet, the Alt-A and option ARM resets.!!

60 Minutes is probably the most viewed 'serious news' programme in the USA regularly attracting 10-13 Million Viewers per week.

Edited by Dan1

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  • 152 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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