YellowLegalPad Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : YellowLegalPad

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: John McCarthy	7/18/2009 3:32:43 PM
	of 1182

Additionally, this report highlights that 8.3 million households are now underwater and at risk of "walk aways". 2.2 million more will be underwater if we go down in prices another 5%. Option ARMS are just beginning to be reset and those numbers will peak in August of 2011 and will most likely drive all of these numbers higher with higher mortgage payments. These are all published numbers from non government agencies. Here is a summary US Households: 75 Million 2009 Projected Foreclosures: 3.5 Million (1 of every 21 households) 2009 Projected Home Sales 5.5 Million Inventory of Foreclosures 2 1/2 years (assuming 25% of home sales are foreclosures) Number of Homes Underwater 8.8. million (1 of every 8.5 households) Number of Households underwater if prices decline another 5%: 11 Million (1 of every 6.8 households) The American dream of owning a home has quickly turned into a nightmare of monumental proportions going well beyond almost anyone's wildest and darkest thoughts. globaleconomicanalysis.blogspot.com CRACKER

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next