Now Not Only The House Is Gone, But The Downpayment Is Also Gone And Owe A Lot Of Money To The Bank
https://www.youtube.com/watch?v=6JSMH7G5-H4 https://www.youtube.com/watch?v=1Fx6bDjH5x8 https://www.youtube.com/watch?v=eLywvF5jHdU
It Was A Gamble, And The Odds Are Turning Against Them
It's Friday desk clearing time for this blogger. "Spring in the Seattle area looks a bit different from usual this year. The median single-family home in King County sold for $875,000 in April, down 12% from a year ago. The…
Making A Decision To Buy Today Based On A Future Windfall
https://www.youtube.com/watch?v=gSxalptnRAE https://www.youtube.com/watch?v=xrnunW8b1GU https://www.youtube.com/watch?v=UuPloq-oZTg
People Have Used Their Homes As ATM Machines
A report from Reuters. "Shares of U.S. regional banks fell premarket on Thursday, hurt by a 37% slump in PacWest Bancorp after its announcement about exploring strategic options including a potential sale or capital raising, after a liquidity boost announced…
Ponzi Or Pyramid Scheme?
https://www.youtube.com/watch?v=-P_BpLXSQy0 https://www.youtube.com/watch?v=edbagTAXvLk https://www.youtube.com/watch?v=tdtu9QKXiK0 https://www.youtube.com/watch?v=DFUUIblrgwc https://www.youtube.com/watch?v=N8IzEYRKZ0I
Prices Rose Too Drastically, So Now They’re Dropping, But They Still Haven’t Fallen Enough
A report from the Telegraph. "Almost half of America’s 4,800 banks are already burning through their capital buffers. They may not have to mark all losses to market under US accounting rules but that does not make them solvent. Somebody…
Housing Prices Plummeted! Bubble Burst, No More Demand!
https://www.youtube.com/watch?v=z5Xkwbx4GL8 https://www.youtube.com/watch?v=AP3aTY1qx2c https://www.youtube.com/watch?v=P_3ZTl9YoPM
Why Don’t We Do A Couple Of These And See How They Go? Can’t Bankrupt The Whole Bank
A report from KIII TV. "Despite the economic downturn and sky-high inflation, the number of home foreclosures in our area is level, or even slightly lower than past years. Corpus Christi mortgage banker Claudia Mostaghas said people in the Coastal…
The Biggest Risk To The Financial System
https://www.youtube.com/watch?v=eRS07271zfk https://www.youtube.com/watch?v=5AZtEhSD8yQ https://www.youtube.com/watch?v=LbgiprfbkrM
No One Ever Paid Attention Because It Was When Pigs Fly, Well Pigs Flew Last Year
A report from the Washington Post. "Federal regulators have seized First Republic Bank and sold it to JPMorgan Chase Bank in a deal aimed at quelling renewed weakness in the nation’s banking industry. In a statement issued early Monday, the…