20 cities most under water homes

[EE_]

This can't be good
The 20 Cities With The Most Underwater Homes

http://www.businessinsider.com/the-20-cities-with-the-most-underwater-homes-2010-11?source=patrick.net&slop=1#slideshow-start%23yui-main

[mamboni]

But but...Las Vegas has Wayne Newton. ::) ::) ::)

[Book]

In Las Vegas, for instance, four out of five mortgages are now underwater.

http://95.131.68.148/~snookerb/wp-content/uploads/2010/07/chimp-gambler.jpg

Four out of five. Great odds...lol.

[willie pete]

Las Vegas → 80%? Whoa..... :o

[PatColo]

Las Vegas → 80%? Whoa..... :o


wait until they start waking up, losing the misguided stigma/guilt/etc, and walking away en masse (as the MSM propaganda machine has been subtly suggesting all year ;)) (http://gold-silver.us/forum/general-discussion/cbs-60-minutes-mortgages-walking-away/)


LA Times recently even suggested that home-borrowers too dumb to walk away from their underwater, bubble-era mortgage payments and redirect into other spending, are being a drag on the economy... :o

Millions of homeowners keep paying on underwater mortgages (http://www.latimes.com/business/la-fi-economy-mortgages-20101101,0,7338975.story)
The payments absorb billions of dollars that might be used for other forms of consumer spending, creating a drag on the overall economy.

[Book]

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_b86mnWn9.w

Vegas is not only "under" water but running OUT of water in the desert...lol.

:D

[sunshine05]

Wow, that is really scary. Thanks for sharing.

[Filthy Keynes]

Can't they just print more money to make the house prices go up again - problem fixed!
They can do that with our GDP too - who needs productivity when we can "make money" the easy way!

http://globalnerdy.com/wordpress/wp-content/uploads/2007/06/nerd.jpg

[General of Darkness]

What this means is the Freemason that told me 4 - 5 years ago that in the future there would be massive opportunities to purchase property at rock bottom prices was correct. This whole situation was a setup.

[PatColo]

What this means is the Freemason that told me 4 - 5 years ago that in the future there would be massive opportunities to purchase property at rock bottom prices was correct. This whole situation was a setup.


A setup for the eventual "solution", abolition of private property (http://gold-silver.us/forum/general-discussion/cbs-60-minutes-mortgages-walking-away/msg107453/#msg107453). Why would the CorpGuv MSM be subtly encouraging people to walk away, when they know that'll just crash prices further? Oh, wait, get it now? ;)

10 mins:
http://www.youtube.com/watch?v=TzEEgtOFFlM&feature=player_embedded

"The focus of Agenda 21 is the abolition of private property, [...]"

[k-os]

What this means is the Freemason that told me 4 - 5 years ago that in the future there would be massive opportunities to purchase property at rock bottom prices was correct. This whole situation was a setup.


You didn't have to be a mason to see that coming. I saw it coming when the sub-prime thing began. I told everyone I know to save their pennies and they would be able to buy a house at a fraction of the prices they were seeing. This was in 2004. I was early by a couple of years, but I did not anticipate the government intervention (first time home buyers "credit", mortgage restructuring).