Tag Archives: estate

Jun 13

5/29/09 11:15 am – Gold up bigtime – bond market burst – economy getting worse – stock update

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subscribe to my videos… 5/29/09 – gold up bigtime – bond market burst – economy getting worse – stock update Swine Flu cases in U.S. Mexico Stock market Update Obama Bernanke summers lGerald Celente unemployment glenn beck Peter Schiff obama ron paul gerald celente warren buffet jim rogers gold silver money dollar max keiser lou dobbs bob chapman alex jones david icke economy collapse downturn fall markket wall street trader lousala NWO financial meltdown subprime mortgage real estate president commercial Circuit City Federal Reserve world news tea party federal reserve banks ben bernanke tim gietner

Duration : 0:8:1

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Jun 12

CEO bailouts? How about the homeowners?

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The housing crisis is not just a problem for families facing foreclosure it is a problem for every homeowner in America. As long as foreclosures persist, home values will keep going down, and everyone loses.

We are collecting stories from people all over the country who have been hit by the housing crisis so we can show what is really happening on Main Street and we need your help. Have you been affected by the housing meltdown? Foreclosed on? Underwater? Trapped in a predatory loan? Do you know anyone else whose life has been turned upside down by the collapse of the real estate market? Record your story, or the story of a friend, family member, co-worker, or neighbor, and send it to us. Learn more at http://fightingforourhomes.com.

Duration : 0:5:36

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May 16

Real Estate Time BOMB. Foreclosures and the Collapse of the Real Estate Market

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What I learned today will have devastating ramification for the real estate marketing and in turn the entire financial and stock market and the broader economy as a whole.

If true…our real estate fate is seal. There will be more housing and real estate foreclosure carnage ahead. The road is long.

Prepare yourself and protect your family from this coming economic catastrophe.

PLEASE RATE, LINK, SHARE and SPREAD the word so others can learn about the real nature of our real estate and economic crisis. Don’t be a sponge to the talking heads that spew only that which benefits them and their bosses. Wake up!
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From L.A Times:

Bulk of bank-owned homes aren’t even on the market yet
“Banks to unleash flood of REOs” at Inman News looks at the effect of foreclosures on the housing market this year:

Inventories of unsold homes are likely to swell in coming months as lenders begin to push a growing backlog of repossessed homes up for sale — often in communities already awash in distressed properties….

Because it can take weeks or months for lenders to put repossessed homes on the market, the impact of real estate-owned (REO) properties on inventories lags behind foreclosures. Government efforts to recapitalize banks through the Troubled et Relief Program (TARP) and other bailout measures may also have taken some of the heat off of lenders to unload REO properties at fire-sale prices.

But with the emphasis of TARP and other government relief efforts now expected to shift to creating jobs, helping troubled borrowers avoid foreclosure and providing incentives for home buyers, lenders could soon unleash a torrent of real-estate owned, or “REO” properties — even in markets already flooded with an oversupply of homes for sale.

“It’s almost like a tsunami — you can see it coming and you know it’s going to hit but you can’t get out of the way,” said Ann Stickel, vice president of affiliated services with Sarasota, Fla.-based brokerage Michael Saunders & Co.

So how many bank-owned properties aren’t even on the Multiple Listing Service yet? RealtyTrac senior vice president Rick Sharga puts the number at 75%. That’s a lot of houses.

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Tags: “The dollar collapse” “housing crisis” “financial crisis” subprime hyperinflation inflation economy “economic collapse” “stock market” “stock market collapse” “real estate” fed “federal reserve” money “fiat money” gold silver commodities housing bubble 2009 2008 downfall investing for sale training agent agency selling subprime Peter Schiff Jim Rogers Gerald Celente Alex Jones Ben Bernanke

Duration : 0:7:54

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May 14

BAIL OUT BANK DEMOLISHES NEW MODEL HOMES- HOUSING MARKET COLLAPSE

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Final Vid part 6 of 6

Wall Street Journal

http://online.wsj.com/article/SB124148169574985359.html

Victorville model homes being demolished.
BREAKING NEWS Developing: Another bank will begin the tear down of 20 Temecula homes in Southern California.

NEW HOMES DEMOLISHED
By Patrick Thatcher, staff writer for, Daily Press

Victorville- The housing collapse is taking a literal form for one bankrupt housing development.
Four model homes and 12 nearly finished spec homes at Bear Valley Road and Highway 395 are being demolished.
The developer filed bankruptcy about 18 months ago and the foreclosed property went to Guaranty Bank in Irvine.
A Guaranty Bank official, Real Estate Officer Dean Smith, said they were facing daily fines from the city of Victorville if they didnt do something with the homes and property that not up to code. He said it was a choice of pumping their own money into property site improvements and additional money to bring the home up to code or tear down the 16 homes.
Smith said the bank is not in the building or land development business and because of the current housing market does not see anything happening with the property for at least five years.
Our only option is to either proceed with putting more than a million bucks into the land, which weve already taken a huge hit on and lost a lot of money, or, we tear down the houses, Smith said.
He said the builder put up the homes before completing the site improvements and failed to have enough money to finish roads, walls, and other improvements that bring the community into code.
Everything just fell apart at that point and we cant sell homes that are not up to code, Smith said.
He said the city of Victorville fined the bank once because the home are out of code and would have faced daily fines if Guaranty didnt do something with the vacant houses.
There are still substantial dollars that need to be put into the land before the city of Victorville will give certificates of occupancy on the houses and the bank isnt willing to put forward that amount of money, Smith said.
He said the homes are a liability to Guaranty and that all of them are heavily vandalized inside and out with broken glass everywhere.
Our projections are that those houses would sit the way they are for at least five years, what would they be worth then? Smith said.
He said once the homes are demolished the property will be put on the market again. Calls to the developer were not returned.
Patrick Thatcher may be reached at 760-951-6227 or at pthatcher@VVDailyPress.com

Part 5 Video
http://www.youtube.com/watch?v=ZsgOaCZ2Lag

Duration : 0:1:4

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May 06

12. Real Estate Finance and its Vulnerability to Crisis

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Financial Markets (ECON 252)

Real Estate is the biggest et class and of great importance for both individuals and institutional investors. An array of economic and psychological factors impact real estate investment decisions and the public has changing ideas of real estate as a profitable investment. People’s demand to buy a home by taking on long-term debt, called a mortgage, is often tied with the overall health of the economy and financial markets. In recessions, home buying tends to fall and the opposite holds in a strong economy. Commercial real estate, held indirectly by the public through partnerships and real estate investment trusts (REITs), is vulnerable to similar speculative activity. The most recent real estate boom illustrates the speculative nature of real estate, and its relation to financial and economic crises.

Complete course materials are available at the Open Yale Courses website: http://open.yale.edu/courses

This course was recorded in Spring 2008.

Duration : 1:7:29

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Apr 27

Weekly Jobless Claims UP; Exiting Home-Sales Fall 3%

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Weekly jobless claims up more than expected
•the number of workers continuing to filing claims for unemployment benefits topped 6.1 million

http://www.msnbc.msn.com/id/30364714/

Top Freddie Mac official dead of apparent suicide
•The acting chief financial officer of Freddie Mac was found dead in his suburban home in Virginia

http://mobile.latimes.com/inf/infomo?view=page2&feed:a=latimes_1min&feed:c=businessnews&feed:i=46438485

Existing-home sales fall 3% in March

http://www.marketwatch.com/news/story/us-existing-home-sales-fall-3/story.aspx?guid=7804993C-E499-46ED-B650-89F6E4840D69

Recession linked to more abortions, vasectomies

http://news.yahoo.com/s/nm/20090422/hl_nm/us_usa_economy_births

FDA expands access to Plan B for 17-year-olds

http://www.msnbc.msn.com/id/30350234/

A dismal real estate market can be a good time to purchase a bigger house

http://www.msnbc.msn.com/id/30351355/

Apples 2nd-quarter profit beats expectations
•Strong sales of the iPhone helped Apple Inc. lift its quarterly profit 15 percent

http://www.msnbc.msn.com/id/30353035/

UPSs profit plunges more than 55 percent to $401 million as revenue dropped more than 13 percent
http://www.msnbc.msn.com/id/30364418/

Duration : 0:4:54

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Apr 12

Real Esate Crisis & Economic Collaspe Predictions (2 of 3)

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Are we at the bottom of the stock market? Does this market have any hope of sustaining this rally? What’s the economy outlook for this year…and the next few years? How can I better prepare for our new, dark economic reality? Is it possible to know what’s going to happen in the future?!?! I will discuss these and related topics in this 3 part series. I will also teach you something so shocking and simple, that it will change your life forever. You can predict what’s going to happen in this …

Duration : 0:7:15

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