CAUTION: Housing defaults have just skyrocketed
— Game of Trades (@GameofTrades_) July 5, 2024
This is unlike anything we’ve seen in a decade pic.twitter.com/ja7l6ophev
CADD Graphics
Carolina Readiness Supply
Websites
NC Renegade on Twitter
NC Renegade on Gab
NC Renegade on Truth Social
Wes Rhinier on Gab
12 Round Blog
Barnhardt
Cold Fury
DanMorgan76
Defensive Training Group
The Deth Guild
The Feral Irishman
First in Freedom Daily
Forloveofgodandcountry's Blog
Free North Carolina
Knuckledraggin My Life Away
Liberty's Torch
90 Miles From Tyranny
Professor Preponomics
Publius-Huldah's Blog
Straight Line Logic
The Tactical Hermit
War on Guns
Western Rifle Shooters Association
Categories
-
Recent Posts
Recent Comments
- Noway2 on Tillis
- Martha on Inaction Figure
- Mary Combs on Can Anyone Explain It to Me?
- DWEEZIL THE WEASEL on Sapient Decisions Concerning Israel
- Irod Folsom on Can Anyone Explain It to Me?
Archives
Meta
It’s going to get much worse than what we are reading. As well as housing, the commercial end of real estate is also in worse shape, Banks holding large mortgages on commercial real estate are in deep, deep trouble due to 40-50% drop in corporate rentals all brought on by the farcical lie of covid, this spells big trouble for our economy. The lunatic madman Biden and his white house administration, with past Clinton, Bush and Obama administrations have destroyed our economy to the point we are now a third world nation. In the meanwhile, they always manage to run military operations in the U.S. thru the federal bureaucracy on innocent American citizens while looking the other way for their new illegal alien army of citizens these traitors allowed in. once the money is all gone, and they can longer print their monopoly money then the entire federal bureaucracy will collapse and the corruption that goes along with it. Civil War will be on the horizon shortly thereafter.
Do not forget The Donald on your list of overspending Presidents. This problem dates to at least 1913 and good old Woodrow Wilson. Tricky Dick kicked it into high gear with the closing of the gold window and The Gipper gave us our first Trillion thru trickle down. WW-3 is coming and like usual the bought politicians cover for their banking master’s by getting the plebes to all shout Hoo-rah for our side. and doesn’t Johnny look so nice in his soldier suit before we close his casket. What is coming will make both world wars and the depression of the 1030’s look like a party. There is no fixing this problem, you are just going to be lucky if you survive. Maybe. . .
All part of the globalist plan, “You will own nothing and be happy.” -- WEF The American dream of owning of home is false! A dream! So few actually pay off their mortgage, and God forbid you miss a tax payment!
“Calling Blackrock CEO (((Larry Fink)), Calling Blackrock CEO (((Larry Fink))).”
Ah, the MONEY to be MADE in snapping up all those defaults, foreclosures, broken dreams and destroyed lives.
(((Larry))) must be nearly orgasmic at this news!
Fng (((predator))).
So how will TPTB handle this? For foreclosures to take place, the homeowners must be served with papers by county deputy marshals or county deputy sheriffs. If a particular county has several hundred or even more such legal proceedings, there will not be enough personnel to handle them and when the homeowners, whose backs are to the wall and have literally nothing to lose start shooting back, what will happen then? In all seriousness, my friends, what do you think?
Debt has been the currency for many first time home buyers. I saw an episode recently on HGTV “House Hunters” where the woman said she was surprised at how much she was approved for. The banks love to loan easy $$$$.
Look more closely, friends. That chart is for multifamily housing. Investments, not primary residences, usually.