home buyer

2009 Depression Will Be Nothing Like 1929

Check the U6 line from the BEA report on employment; it reads 16% unemployed ( thats the total umemployment number )

THAT says it all.

Housing Update: Underwater Loans, O'Neil's Plans

At a time of declining INCOMES, at a time when 60% of Americans cannot meet a surprise $1,000 bill a 20% requirement for the purchase of a home is living in the land of Oz. The further decline in home values with this requirement will put nearly everyone underwater and completely stall the housing market for such an extended period of time as to finally put us all in a depression. The ONLY SOLUTION TO THE HOUSING PROBLEM is
the creation of HIGHER INCOMES.