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litlbilly

(2,227 posts)
4. the problem is most of the new housing value is as bogus as it was in 07. It is rising too fast and
Thu Mar 10, 2016, 02:42 PM
Mar 2016

the underlying support is not really there.

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People are forced to use credit to just keep above water. It cant be sustained. At some point the litlbilly Mar 2016 #1
Also see: Americans' Home Wealth Recovers $7 Trillion as Prices Firm Purveyor Mar 2016 #2
the problem is most of the new housing value is as bogus as it was in 07. It is rising too fast and litlbilly Mar 2016 #4
heck, it's been 9 years already--more than enough time for the cycle MisterP Mar 2016 #9
exactly, and now with china not selling stuff, because we dont have money to buy it, it is ripe for litlbilly Mar 2016 #11
I wish I could prepare - I'm 61 and can't survive much more Elmer S. E. Dump Mar 2016 #15
same here, i turn 62 in july. litlbilly Mar 2016 #16
Excellent post, Sir. Wilms Mar 2016 #14
maybe my memories faulty but I seem to remember seeing stuff like this azurnoir Mar 2016 #6
Indeed. I was documenting the pending great recession on this Purveyor Mar 2016 #8
Well, at least the 1% and the families and friends of DC politicians won't have to worry. Skwmom Mar 2016 #3
actually, they should be worried, they just cant see past their own noses. litlbilly Mar 2016 #5
If any of you havent seen the Big Short yet, watch it. it's the same thing only now the CDO's litlbilly Mar 2016 #12
been paying it down and then the washer died....damn dembotoz Mar 2016 #7
hate when that happens. My wife and I took over 7 years just to get cc debt below 30%. Now just litlbilly Mar 2016 #13
Just restructure the debt, the $$$ are sitting there Abouttime Mar 2016 #10
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