flashrob

Housing and Financials: The Worst May Soon Be Over

listen carefully: there will BE NO REAL ESTATE RECOVERY... WHY: even if houses are 50% off their previously inflated values...THERE IS AN EVER INCREASING MINORITY OF BUYERS...get it... price is only one factor...THERE HAVE TO BE BUYERS!!! Now, because of Nafta and WTO, the multinationals ARE STILL MOVING "HIGH PAYING JOBS OVERSEAS... the remaining people with even good jobs are TAPPED OUT ON THEIR CREDIT and are already switching from shopping at Macys to shopping at Walmart. Also, you need 20% down plus a secure job...no more cheap ARM mortgages...so the banks will continually HAVE POOR PROSPECTS GOING FORWARD...ALSO, THE SPECULATIVE DAYS OF MAKING A 10-20% GAIN ON YOUR 5-1 LEVERAGED DOWN PAYMENT ARE HISTORY...so there is LITTLE INCENTIVE TO BUY A HOUSE except as a "place to live" as opposed to renting...more people will CHOOSE THE FLEXIBILITY OF "RENTING" since their is little potential to make money on Real Estate Appreciation...the mkt and gov spin doctors are once again TRYING TO PROMOTE THE "RECOVERY ILLUSION!" ...AIN'T GONNA HAPPEN... LIKE "NEW ORLEANS" ...during the 20th century it always RECOVERED after multiple major storms...BUT NOT THIS TIME...NEW ORLEANS IS YOUR "WAKE UP CALL" for the future...it did not recover this time, nor will it EVER! It's OVER FOR U.S. REAL ESTATE...unless they open up the flood gates of immigration and allow CASH BUYING FOREIGNERS to purchase...and will have 20 living in a house to pay the rent on their speculative investments...like 20 low wagers paying the rent...that's about the only possibility for BUYERS..."GET IT!" flashrob