Shadow Housing Market: Banks are still getting rid of their shadow inventory at lower prices than in 2008

I’m a real estate investor. This is completely untrue. Your buddy is lying to uou.

With that being said, we’re at the top of the current market. So unless rates drop, housing will stay sideways. If rates rise it could push us into a shit storm. We cannot sell our debt at levels higher than they are now

It's not my buddy it's a relative. It's not untrue. It's just housing bubble 2.0. I see it as a systemic problem because as rates rise the majority of people e.g. not my relative own a home worth less at 2% than 0% so the banks are still systemically insolvent.

My "story" is a fact.

Except he doesn’t borrow at 0%. And houses aren’t selling at 10% of 2008 prices. So, untrue

He DOES borrow for homes at .10 cents on the dollar of 2008 prices and owns 4000 homes. Not sure what his rate is. Obviously, it doesn't matter because it's still bank collateral so he has no risk. That's the point. The fact that he owns 4000 homes and DOES buy them at home with software for .10cents on the dollar (e.g. he told me) has to be the banks trying to eliminate inflation/stagflation by getting rid of their shadow inventory.

How does one gain access to this property giveaway if you will.

This person is worth at least $100 million dollars, from his first business dealing with the IRS and now profiting from selling shadow inventory for the banks.

You own the largest tax business in the country that pays the IRS. Then move on to shadow inventory.

The theft of the American people continues to occur behind closed doors. Such as saying that those with dark hearts appear to get away with such impunity.

True judgment does not come from the Earth. Those who rely on destroying others for their own gain. Time is short

Thank you for your reply to my question. Once again they select few or have access two things of this nature. To them I wish them the success they desire for their heaven on Earth

Yea, trust me he's a relative of mine who I love but he is a greedy dude. The fact is he is a capitalist in socialism like the entire population.

The taste of greed is a terrible thing and quite addictive. Feeling as though they are God through their own personal self-righteousness is certainly disturbing.

The government backs everything...all the time. The world is a crazy place with the government and the banks backing everything. Even people who buy apartment complexes (e.g. have a net worth of $500k) are backed by government. They have no risk.

Oh dang....that means there'll be a great sequel to movie The Big Short, right guys?!

Yep, unlimited government money is the root of all evil. I woke his ass up a bit about how government money corrupts and he went a bit crazy from it. We're still family, but I agree, government money is the most corruptive thing in society.

Yeah, if you own gold stocks. They are the big short. Try Yamana Gold...but while everyone in society works for government money in society...stocks like Yamana would be the big short...

what software?

and if it is as you say, why are you not doing it ?

...because I don't work in healthcare, auto, student loans, housing or government. I don't use government money because it's immoral.

I have been involved in real estate for over 25 years, and i know of no software... so sorry to say i dont believe this at all

I'm a normal dude who just knows the government backs everything. I do buy Yamana e.g. ready for the "big short" when it becomes a catastrophe. It's not like it matters all the central bank's own a majority of the economy. E.G. The S&P 500 is DIRECTLY correlated to the expansion of the money supply of the ECB, BOJ, and FED. So, I stay the fuck out of it. I try to be a normal person in an insane world.

Well he did two rounds of financing to program a $1 mill piece of real estate software. 4000 homes. I'm sure their are far bigger "companies" that own more.

Two rounds of financing software says your wrong. It's public info.

The financing of the software is probably the only public information you can find...barely.

Thank you sir. Your comments are appreciated. Money is the root of all evil as it is scripturally stated. My mother to is a materialistic woman. It hurts me to see what values to be so self-centered.

and it's even worse than many of you realize.

are any of y'all familiar with MBS... mortgage backed securities?

These were an "investment" thing where the banks packaged up a lot of mortgages and then "borrowed" money against those packages.

This was the root cause of 2008 where our economy was as close to collapse as 1929. The Fed Res Bank bought up $trillions of these packages to float the banks. The FED still owns $1.5 trillion.

If these "packages" default, then the FED owns the underlying asset... meaning...

The Fed Res Banks could hold $1.5T of mortgages. Meaning if the dollar defaults, they could wind up owning your house.

Yep, it's definitely corrupt, but I think 100% at this point it's not building wealth that's immoral, it's that it's done through fiat, and the government picks the winners and losers until it all collapses. There is nothing not backed by government at this point except wanting to start a real business and to employee real people. The misallocation and debt distortions, in our economy through government, are harming far more people and fooling far more people into immoral life choices until they realize what is happening.

...better to default than inflate. Freedom and liberty though free markets would be more beneficial than phony prosperity over the long haul, but we are in uncharted territory with the amount of corruption. This is just one example of the government backing everything. Anyone who buys an sort of apartment complex...has no risk either. Everything is too big to fail and the central bank's own everything.

I meant familiar with the software type or name of it. Is there by chance a point of access where I might be able to acquire this software. I live in a townhouse downsized for personal reasons.

My need or desire for this is not for personal wealth but to acquire a property that would suit my family's needs. I have two autistic children and an incredible wife.

I know the Lord is returning soon. Maranatha. I firmly believe that my home prepared by the Lord himself will be beyond my wildest dreams. From this perspective, I suppose it really doesn't matter. Yes, I am thankful and grateful for the accommodations that I presently have any. A truth in a sane is this, less is more.

Again, I am grateful for your kind replies

As you know there is word being floated that Trump is seeking an alternative banking method, one that I presume is constitution directed

Regardless, we cannot change the world and no this is not a defeatist attitude. The story has been written. To sum it up, Eyes to the Sky

The software doesn't do anything except let him sit at home. You can do it in person. Someone gave me negative karma because I know someone with $100 mill. What a load of snowflakeness. I have met people with a billion dollars. I'm being honest here with my thoughts about society. $100 million isn't that much money. Be a bond salesman and make $20 mill a year. Someone doesn't like the fact I'm being...truthful this morning.

Personally, I think houses will be worth alot less after the banks fail. It's systemic problem and the banks have collateral worth less at 2% than 0%.

Well, we have systemic bank problems. I would either A. Invest in something else or B. Buy somewhere cheap with some land.

As interest rates go up, servicing the debt will become a problem, banks will fail, a small house in the country you can buy in cash might be the solution.