Silicon Investor (SI) -- The First Internet Community

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 : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (303601)	1/18/2011 11:28:09 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>You miss the now three year trend of tens of millions of people that walked away from the very high burdens of mortgage and credit card debt and now have a new lease on life debt free again after 60-90% of their monthly income went to service their debt in 2006-07 Many of the rest who survived this have been paying down their debts already in record numbers and finally seeing the light again in building true equity as mortgage balances especially on 15 yr loans start to drop substantially on the bubble 2002-06 vintage years<< not at all. that's why ACCOUNTING FRAUD TO BE LEGALIZED. if the banks had to account to reality, THEY'D ALL BE RECOGNIZED AS COMPLETELY BANKRUPT AND BUST. many of these millions you speak of are still living mortgage free in the banks homes (maybe, foreclosure fraud is real and the banks might lose the mortgage backed portion of the MBS) AND IT STILL TAKES A MARGINAL $2.5 TRILLION IN ORDER TO BARELY LIMP THE ECONOMY ALONG. $2.5 TRILLION IN DEBT ON THE BOOKS + MILLIONS LIVING FOR FREE AND KEEPING ALL THEIR INCOME + ACCOUNTING FRAUD = BARELY LIMPING ALONG. i've missed nothing. again, you make my point for me. >>Most of the individual talking points you make I usually agree with you and the real economy down here still sucks for the average Joe..<< if you have an actual disagreement and information to back it up - bring it up. i like it when my beliefs are questioned - i try to do so, but i am limited by my paradigm and sometimes other views open up doors that i hadn't seen before. >>Things have been slowly getting better as we averted depression but way too slow for most. I am just more pragmatic, open minded value investor and an opportunist at heart than perma bear thinking that I view as kissing cousins to their perma bulls on the other side.<< things are slowly getting better ASSUMING... 1. the accounting fraud continues (a good bet). 2. the $2.5 trillion in annual debt ($22.5k in debt per tax payer, per year) continues unabated. in reality, it is probably worse than this as it takes more and more debt to keep debt bubble from exploding. 3. millions continue to live free and clear in homes that won't be foreclosed in order to avoid eating the loss the banks are lying about. as long as all those plates can stay in the air, things will probably continue as they have been. should one of those plates hit the floor, though... oh, and if americans figure out they can make their mortgage unsecured debt like this man... market-ticker.org ...the banks have a BIG problem. believe me - they will make their problem our problem. i was right that housing prices would continue to fall and the people who said the bottom was in were wrong. this in spite of all $22.5k debt per tax payer per year and all the fraud and lies in the system.