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Message Subject I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
Poster Handle Anonymous Coward
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The market literally caught fire 12 months ago and didn't stop until recently with some subtle increases in interest rates and the demand weakening. The government has done everything in it's power to ignite the market, but the miscalculated on several levels. The jobs don't sustain current RE prices and now we are on the brink, the brink of something catastrophic.

1) Buying mortgage back securities by the FED to control interest rates.
2) Slowing down the process of short sales by the banks.
3) Slowing down the process of REO's by the banks.


Although many other measures were put in place, this is literally what spurred consumer spending, new home construction, a massive demand in the market and values skyrocketing.

As the owner of hundreds of properties as well as internet search platforms for real estate, I was able to determine that all demand literally stopped for real estate in July/August of 2008 just before the controlled collapse. This time it's a lot different. The buyers are gone for our properties, the search volume is down dramatically on our sites and something big is brewing. I don't know how the storm will look this time around, but my guess is October/November something very large will happen again. Don't be nervous, be prepared!!
 Quoting: Who Me


So when should I be buying a house (to live in, not invest)?
 
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