The Collapse of the United States

What I am going to tell you completely has destroyed the United Sates Housing Market.

Of Course the job layoffs have a SMALL PART, But here are many reasons.

1. It takes 2 months for a purchase of a home to show up on your credit report. SCAMMERS WERE BUYING 8 HOUSES AT A CLIP, having their own people appraising them. They were buying their friends houses. Making it a vicious circle. Example : Jimmy is friends with Chuck. Jimmy is selling his house, chuck is scamming. Jimmy wants 100K for his house, chuck has it appraised for 175K. At closing Chuck gives Jimmy 175k. 2 days later Jimmy slides Chuck the extra 75 k. Each scam was netting half a million.

2. The gas stations,,,,Destroyed by the ARABS. They were taking SBA loans at 300k to 500k from 5-8 different lenders. All within the 2 month time frame. Arabs cracked 3-5 million a gas station. I have seen at least 100 abandon gas stations. 50 Arabs gone already. Federal Indictments.

3. These empty gas stations are eyesores. TONS of money has been evaporated. Fuccking greedy lenders now need the Feds to bail them out.

4. If any of the big three ever fold. There will be a major DEPRESSION.

5. I live in Arizona now, and the border is wide open. People are just about walking across.

6. Unions are crushed.

the end is nigh

But its March Madness

any sources for this ?

Doug said:

any sources for this ?

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RNC Press Release

who are the big three?

romer said:

who are the big three?

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thats the only big three i could think of. :cripwalk:

Nice one MIMS!!!''

AZ HEAT..... If this is indeed true , I am fuckign sick. Our dumb ass leaders and politiicans are too busy worrying about David Carruthers, sports betting, and steroids in baseball, while our countries financial system, healthcare system, and housing market all go to shit.

The Wolf said:

Nice one MIMS!!!''

AZ HEAT..... If this is indeed true , I am fuckign sick. Our dumb ass leaders and politiicans are too busy worrying about David Carruthers, sports betting, and steroids in baseball, while our country, financial system, & hosuign markets all go to hell.

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Arabs would use their sisters social security number, put her under other peoples credit cards, and then BANG....SHE OWNS 8 HOUSES. THEY PAY THE MORTGAGES FOR 6 MONTHS TO MAKE IT LOOK GOOD, then foreclose.

romer said:

who are the big three?

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Lazerwager,Oddsmaker,Creditwagering ?

Arizona Heat said:

4. If any of the big three ever fold. There will be a major DEPRESSION.

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Aces Gold

Neteller

Pinnacle

Chase, Citibank, Bank of America is the big three?

Arizona Heat said:

What I am going to tell you completely has destroyed the United Sates Housing Market.

Of Course the job layoffs have a SMALL PART, But here are many reasons.

1. It takes 2 months for a purchase of a home to show up on your credit report. SCAMMERS WERE BUYING 8 HOUSES AT A CLIP, having their own people appraising them. They were buying their friends houses. Making it a vicious circle. Example : Jimmy is friends with Chuck. Jimmy is selling his house, chuck is scamming. Jimmy wants 100K for his house, chuck has it appraised for 175K. At closing Chuck gives Jimmy 175k. 2 days later Jimmy slides Chuck the extra 75 k. Each scam was netting half a million.

2. The gas stations,,,,Destroyed by the ARABS. They were taking SBA loans at 300k to 500k from 5-8 different lenders. All within the 2 month time frame. Arabs cracked 3-5 million a gas station. I have seen at least 100 abandon gas stations. 50 Arabs gone already. Federal Indictments.

3. These empty gas stations are eyesores. TONS of money has been evaporated. Fuccking greedy lenders now need the Feds to bail them out.

4. If any of the big three ever fold. There will be a major DEPRESSION.

5. I live in Arizona now, and the border is wide open. People are just about walking across.

6. Unions are crushed.

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This is all very true except for the collapse part. I think illegal immigration is the biggest problem of all. The laws and natural balance of the market will take care of the rest. The US will get through this as well.

This is really nothing to joke about, as we are definetly in a recession currently, and the thought of a real derprsssion on the horizon is very real.

Anyone with a retirement plan that is over 50 years of age should not have over 80% of their savings wrapped up in the stock market ........just my opinion.

My thoughts on the housing market are that most of the country will see another 15-20% drop in prices from current levels and then a few years of leveling off..........this being the best scenario I see at this time. I see so many of my friends attempting to sell their houses at prices that are highly overinflated believing that no way their house could have gone down this much in price, and these prices are dropping every month as they wait to sell their house.........a few have had their homes on the market for over a year here in Tampa.

The next three years in this country are probably the most crucial in the lives of most of us Americans.......from a security standpoint, financial, and an array of other issues.

Fishhead said:

This is really nothing to joke about, as we are definetly in a recession currently, and the thought of a real derprsssion on the horizon is very real.

Anyone with a retirement plan that is over 50 years of age should not have over 80% of their savings wrapped up in the stock market ........just my opinion.

My thoughts on the housing market are that most of the country will see another 15-20% drop in prices from current levels and then a few years of leveling off..........this being the best scenario I see at this time. I see so many of my friends attempting to sell their houses at prices that are highly overinflated believing that no way their house could have gone down this much in price, and these prices are dropping every month as they wait to sell their house.........a few have had their homes on the market for over a year here in Tampa.

The next three years in this country are probably the most crucial in the lives of most of us Americans.......from a security standpoint, financial, and an array of other issues.

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The weakening of the dollar has me most concerned. We are trapped in our own country unless we are rich.

Right now, your money is worth HALF at best anywhere else.

What people keep missing is that the housing market was WAYYY over valued. Some cities more than others. It would have shit the bed sooner or later. The agent of it's fall isn't really the point. It's just a correction.

Cull the herd

HITH is right.ppl pd way to much for house they couldnt afford.....These houses were not worth what they were selling for and the ppl who financed them thru balloon notes are just fools......im sorry thats what they are. Iheard a guy saying last nigh that its the Govt's fault that these ppl's loans are now to high to pay..Well when you sign a VARIBLE rate loan are you really stupid enough to think its a 1 way street and the note can NEVER increase? Your payments lets say were 1500 and now are 1900...When u originally got ur loan you could have (if u qualified) got a fixed rate loan for say 1725 that you could still be paying but since YOU BOUGHT A HOUSE YOU REALLY COULDNT AFFORD and WENT WITH THE CHEAPEST PAYMENTS YOU COULD GET you are now SCREWED unless you've increased you income.

I dont feel sorry in the least for these people, financial stupidity is no different than drug or alcohol stupidity. You want something you shouldnt have and you do stupid stuff to get it its going to come back on you sooner or later...
All this comes back to IMO Clinton creating an artificial "middle class"....With subsidies and quotas and using govt regulations to create jobs he artifically put ppl who were not capable into jobs at pay scales they couldnt sustain. These ppl spend it like it would be there forever when anyone with common sense could see the boom could not sustain itself at those levels.
Another ex.....a man who has been a school principal for yrs making 60k applies for a govt mandated job bailing out a failing school system in another state. he gets the job paying 145k and with his wifes 50k salary they move there and buy a 450k home. 4 yrs later, the schools still failing, the program is closed. the guy is back to a 7ok job and now they cant afford the BMW's and the fine homes........and im supposed to feel bad and blame the govt for his inability to sustain his lifestyle?????
When i sold my house in Baton Rouge back in 93? i think ,it was bought by an asst mgr at a Subway.I wondered then how the hell somebody making $7.50 could afford that house....When we closed on it my lawyer was shocked...he told me he almost jumped up and told the lady HE would loan her the money because with the loan she was getting her interest rates could go thru the roof.....and they did.
This is not a govt problem and the govt should stay out of it.....When has more govt ever helped anything??????? it got us into this hole and now you want it to get us out??????? thats not how govt works boys. it was never intended to....going further down the road is a further disaster!!!!!!!!! You elect a left thinking liberal who feels the govt should be in charge of solving all these problems THEN you will see a crash we will never recover from....your next choices for president will be Chang k. Sang or Abdulahh c. Morbulla.........

His Is The Hand said:

What people keep missing is that the housing market was WAYYY over valued. Some cities more than others. It would have shit the bed sooner or later. The agent of it's fall isn't really the point. It's just a correction.

Cull the herd

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I totolly agree with you that a "correction" is defintely a large part of falling home prices............more than the media will lead you to believe.

Having said that, this correction is only part of the equation for falling prices and precisely why I believe we are going lower from here with home prices..........it's turning into a double whammy effect of financial crisis and credit problems, to the "correction" we are speaking about.

Here is a simple equation that I'm using..........take whatever a homes price in the spring of 2002 was and increase that value 10-15%, that's where I believe home prices will for the most part bottom out or at least present a safer time for buyers. Now, having said that, we are not near those levels yet, so those that are in trouble now with their homes will see things only get worse over the next 1-12 months.

Fishhead said:

I totolly agree with you that a "correction" is defintely a large part of falling home prices............more than the media will lead you to believe.

Having said that, this correction is only part of the equation for falling prices and precisely why I believe we are going lower from here with home prices..........it's turning into a double whammy effect of financial crisis and credit problems, to the "correction" we are speaking about.

Here is a simple equation that I'm using..........take whatever a homes price in the spring of 2002 was and increase that value 10-15%, that's where I believe home prices will for the most part bottom out or at least present a safer time for buyers. Now, having said that, we are not near those levels yet, so those that are in trouble now with their homes will see things only get worse over the next 1-12 months.

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Thousands upon thousands of homes up for auction, most in foreclosure.....................


http://www.ushomeauction.com/index.php