The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (251302)	6/1/2010 4:23:50 PM
From: roguedolphin	Read Replies (1) of 306849

And the top 6 banks in America now control assets worth 60% of US GDP - triple the % of GDP from the mid 1990's. theburningplatform.com Can you say coup d' etat? Message 26581630 From: SliderOnTheBlack 6/1/2010 4:00:09 PM 1 Recommendation of 22258 650,000 Americans have not made a single mortgage payment in 18 months... More greenshoots - not. Over 650,000 Americans are still living in their homes - but have not made a single payment in over 18 months. Yes, you read that correct - not a single payment in over 18 months, and they're still in their homes. It looks like people have caught on to the fact that the banks can not afford to take the write offs associated with the final foreclosure sale... and are using the system (instead of having the system use them), to maximize the time they can remain in their homes rent & mortgage free. "More than 650,000 households had not paid in 18 months, LPS calculated earlier this year. With 19 percent of those homes, the lender had not even begun to take action to repossess the property — double the rate of a year earlier." Full story at: finance.yahoo.com -- 20% real unemployment -- 40 million Americans (including 1 in 4 children) on Food Stamps -- 200,000 Americans losing their homes each and every month. And the top 6 banks in America now control assets worth 60% of US GDP - triple the % of GDP from the mid 1990's. theburningplatform.com Can you say coup d' etat? SOTB

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