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411man
October 15, 2010, 08:36
The Coming Collapse of the Real Estate Market


http://www.oftwominds.com/blogoct10/foreclosure-collapse10-10.html


" The mortgage market is completely dependent on government guarantees and quasi-Government purchases of securitized mortgages. If the mortgage market were truly socialized, then the Central State would own the banks which originate, service and own the mortgages. ".

V guy
October 15, 2010, 12:01
The real estate collapse is more like a big ship settling into the mud in shallow waters.
The sinking is gradual and the ship is stuck.

Homes still exist and so do banks, but commerce is largely suspended in the real estate marketplace. That creates an imbalance. Cash flows are affected negativly by the distressed properties.

Banks holding the paper on foreclosures will eventually win and continue the process, as the people DID borrow the money. The system will protect itself in that regard--forclosed homes are forclosed--the people did not pay and few will be bold enough to try and get a free home over paperwork mistakes, even back to 2005.

Squatters may reside in the forclosed homes in the meanwhile, only paying the taxes and utilities, as they have to live somewhere.

Massive natural forces of economics and survival are at play here; everything is connected to everything else.

I keep reading about Germany at the end of WWII and after the war. There are lessons to be learned there.

Old money will win and re-establish order. It always does. That means jobs will have to return to these shores to create a solid based economy. Watching who looses and who wins will take a decade.

gates
October 17, 2010, 21:18
You are correct to a point - there are tax consequences that congress will have to address in order to save the banks - anyone here think they WONT?

2barearms
October 17, 2010, 21:40
Originally posted by gates
You are correct to a point - there are tax consequences that congress will have to address in order to save the banks - anyone here think they WONT?


Yes, as usual, the cry will be 'we have to do something'. Let no crisis go to waste,
especially one you created.

motosapien
October 18, 2010, 20:10
The collapse has all ready occurred. The revelation of it is being hidden, less successfully with each passing month.

gates
October 18, 2010, 23:52
No Moto! we are only about 1/3 of the way through the collapse - $2 TRILLION more to go and that number is CONSERVATIVE!

and YES my numbers are conservative!

motosapien
October 19, 2010, 14:59
The fraudulent paper has already been foisted off on the market by the banksters. It is just matter of time now until it all comes unraveled.