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TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!

 
Hawk0
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01/27/2011 11:11 AM
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TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
siren2 siren2 siren2

RealtyTrac is out with the total foreclosure numbers for 2010. On the whole things are getting worse.

72 percent of major metro areas saw an increase in foreclosure volume. Although some of the worst hit areas in Nevada, California and Florida improved from 2009, the foreclosure rate in these areas remains shockingly high. If not for some foreclosure suspensions due to the robosigning scandal, these numbers would have been higher.



Read more: [link to www.businessinsider.com]

[link to www.businessinsider.com]
:minimoran:
Gloomy

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01/27/2011 11:15 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
This year a bunch of different kind of loans are supposed to default, so its going to be an even bigger shit storm. Subprime was just the opening act.
BRIEF AND TO THE POINT

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01/27/2011 11:16 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
People are stupid...always borrowing and promising to pay later...





Poor people do poor people things, and rich people do rich people things.

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

when you rob Paul to give to Peter ... ... ... you will always get Peters support!

:Brieffromnativea:
Hawk0  (OP)

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01/27/2011 11:16 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
bump
:minimoran:
Richard Strong

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01/27/2011 11:17 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
This year a bunch of different kind of loans are supposed to default, so its going to be an even bigger shit storm. Subprime was just the opening act.
 Quoting: Gloomy

Student loan defaults are gonna be the ultimate piece that brings the Jenga game to the ground. Mark my words.
I am Richardus Strongus. Father to a murdered 'Refreshtard' thread, Husband to a deleted Top 10 thread. I will have my vengeance on the Lightworkers ..in this life or the next.
Anonymous Coward
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01/27/2011 11:17 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
:umhuhbump:
Anonymous Coward
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01/27/2011 11:18 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
We are in the eye of the hurricane.....only this time we are going to get the worst side of the storm when we finally emerge.


This year is gonna be bad.
Lil Miss Trouble

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01/27/2011 11:19 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
hiding DOOM!
My shop~ [link to www.artfire.com]

There is no charm equal to tenderness of heart.
Anonymous Coward
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01/27/2011 11:19 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
Numbers will go up as soon as the loan modification programs finish processing/rejecting current applicants.


Good find Hawk0!
Anonymous Coward
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01/27/2011 11:20 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
Most of the properties sold in my area are now foreclosures or short sales. The conventional resale is history

Just saw a property listing this morning - 2005 3 bed/2 bath 1,700 sq ft. home for 58K

How low will it go? God help us
Anonymous Coward
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01/27/2011 11:20 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
yep someone posted a map of foreclosures to come by city. Trust me it's gonna get worse.
Least Servant

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01/27/2011 11:20 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
People are stupid...always borrowing and promising to pay later...

 Quoting: BRIEF AND TO THE POINT


You still owe me for that massage.

Last Edited by Least Servant on 01/27/2011 11:20 AM
:romaflag:
Not enough to fight, too many to die.
Anonymous Coward
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01/27/2011 11:21 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
I don't think anything will happen. If it does, we will never know because they won't tell us. Housing prices might go down for a while, but there will never be a blow up of any kind because the gov will just bail it out with the printing press.
Evil Twin

01/27/2011 11:22 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
People are stupid...always borrowing and promising to pay later...

 Quoting: BRIEF AND TO THE POINT


You still owe me for that massage.
 Quoting: Least Servant

drevil
Only Me
Strawberry Girl

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01/27/2011 11:22 AM

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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
Well crap.
Goodbye, halcyon days...

 There is a theory which states that if ever anyone discovers exactly what the Universe is for and why it is here, it will instantly disappear and be replaced by something even more bizarre and inexplicable.

There is another theory mentioned, which states that this has already happened.
Hitndahedfred

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01/27/2011 11:23 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
I saw that GLP thread earlier here today

yep someone posted a map of foreclosures to come by city. Trust me it's gonna get worse.
 Quoting: Anonymous Coward 1193530




Thread: Satellite images of "foreclosure cities"


Pretty scary stuff man

hiding

Last Edited by Hitndahedfred on 01/27/2011 11:25 AM
Each time a person stands for an ideal, or acts to improve the lot of others, or strikes out against injustice, he or she sends forth a tiny ripple of hope. And crossing each other from a million different centers of energy and daring, those ripples build a current that can sweep down the mightiest walls of oppression and resistance. Few are willing to embrace the disapproval of their fellows, the censure of their colleagues, the wrath of their society. Moral courage is a rarer commodity than bravery in battle or great intelligence. Yet it is the one essential vital quality for those who seek to change a world that yields most painfully to change. [Robert F. Kennedy]



[link to www.stricklychopped.com]

[link to www.ghi-engrs.com]
Anonymous Coward
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01/27/2011 11:23 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
How is this pin and not the other thread with the foreclosure map?

Is it the sirens?

LoL!
Gloomy

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01/27/2011 11:23 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
I don't think anything will happen. If it does, we will never know because they won't tell us. Housing prices might go down for a while, but there will never be a blow up of any kind because the gov will just bail it out with the printing press.
 Quoting: Anonymous Coward 1196210


We aren't dealing with something you can just bail out with a printing press. This is a debt blackhole so big, it's lost a dimension and is now sucking the very fabric of society into it along with all the fiat money.
Anonymous Coward
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01/27/2011 11:23 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
This year a bunch of different kind of loans are supposed to default, so its going to be an even bigger shit storm. Subprime was just the opening act.
 Quoting: Gloomy

Student loan defaults are gonna be the ultimate piece that brings the Jenga game to the ground. Mark my words.
 Quoting: Richard Strong


What are they going to do when people stop paying on them? I just paid mine off after 10 years so there better be no debt forgiveness! I was always told student loans could never be discharged.
Richard Strong

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01/27/2011 11:24 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
How is this pin and not the other thread with the foreclosure map?

Is it the sirens?

LoL!
 Quoting: Anonymous Coward 1245330

Yes, and you need a couple of them plus put title in ALL CAPS to show its true legitimacy.
I am Richardus Strongus. Father to a murdered 'Refreshtard' thread, Husband to a deleted Top 10 thread. I will have my vengeance on the Lightworkers ..in this life or the next.
Least Servant

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01/27/2011 11:25 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
Well crap.
 Quoting: Only Me


Some areas are really strong and other areas are in a massacre... it's hard to make sense of it from a nationwide (no pun intended) perspective without really understanding the dynamics of each region. hmm

One thing is for certain, assuming a gentle contraction of the economy, some areas are going to see it A LOT worse than others.

But that's probably not an intelligent comment, it's just important to keep in mind that certain structural factors are involved and there is a reason the places that are weathing this storm are able to do it.
:romaflag:
Not enough to fight, too many to die.
SomeGermanDude

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01/27/2011 11:25 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
TSHTF 2011
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.

The woman who is not pursued sets up the doctrine that pursuit is offensive to her sex, and wants to make it a felony. No genuinely attractive woman has any such desire. - H.L. Mencken, In Defense Of Women
Anonymous Coward
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01/27/2011 11:25 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
Lots of commercial property in foreclosure too. Abandoned by the banks and investors. Shopping malls, apartment complexes, office buildings.
Hitndahedfred

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01/27/2011 11:26 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
How is this pin and not the other thread with the foreclosure map?

Is it the sirens?

LoL!
 Quoting: Anonymous Coward 1245330

================================================

I was wondering the same thing.


Credit given By ME for the ORIGINAL thread.




Thread: Satellite images of "foreclosure cities"

Last Edited by Hitndahedfred on 01/27/2011 11:27 AM
Each time a person stands for an ideal, or acts to improve the lot of others, or strikes out against injustice, he or she sends forth a tiny ripple of hope. And crossing each other from a million different centers of energy and daring, those ripples build a current that can sweep down the mightiest walls of oppression and resistance. Few are willing to embrace the disapproval of their fellows, the censure of their colleagues, the wrath of their society. Moral courage is a rarer commodity than bravery in battle or great intelligence. Yet it is the one essential vital quality for those who seek to change a world that yields most painfully to change. [Robert F. Kennedy]



[link to www.stricklychopped.com]

[link to www.ghi-engrs.com]
Anonymous Coward
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01/27/2011 11:26 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
How is this pin and not the other thread with the foreclosure map?

Is it the sirens?

LoL!
 Quoting: Anonymous Coward 1245330

Link please...!
Anonymous Coward
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Australia
01/27/2011 11:26 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
In Australia house prices continue to rise with Melbourne becoming the top 4 most expensive cities in the world as of last week...Average house price now over 600k..
Sul-americano
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01/27/2011 11:26 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
USA is in the early stage of total economic disintegration.
All signs point in that direction.
hiding hiding hiding hiding hiding
it's worthless mentioning that all of us down here in South America will go down the same sinkhole! damned
Gunnz, lots of Gunnz

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01/27/2011 11:26 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
2011 is my worst year ever and it's only just started.
Corp/o/Ration
A Single Entity (group with the same paragon) Restricting consumption of scarce commodities.
Anonymous Coward
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01/27/2011 11:27 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
How is this pin and not the other thread with the foreclosure map?

Is it the sirens?

LoL!
 Quoting: Anonymous Coward 1245330

Link please...!
 Quoting: Anonymous Coward 1211489

Thread: Satellite images of "foreclosure cities"
Hitndahedfred

User ID: 826012
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01/27/2011 11:28 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
How is this pin and not the other thread with the foreclosure map?

Is it the sirens?

LoL!
 Quoting: Anonymous Coward 1245330

Link please...!
 Quoting: Anonymous Coward 1211489

===============================================

Ask and ye shall receive

Thread: Satellite images of "foreclosure cities"
Each time a person stands for an ideal, or acts to improve the lot of others, or strikes out against injustice, he or she sends forth a tiny ripple of hope. And crossing each other from a million different centers of energy and daring, those ripples build a current that can sweep down the mightiest walls of oppression and resistance. Few are willing to embrace the disapproval of their fellows, the censure of their colleagues, the wrath of their society. Moral courage is a rarer commodity than bravery in battle or great intelligence. Yet it is the one essential vital quality for those who seek to change a world that yields most painfully to change. [Robert F. Kennedy]



[link to www.stricklychopped.com]

[link to www.ghi-engrs.com]
BRIEF AND TO THE POINT

User ID: 381742
United States
01/27/2011 11:28 AM
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Re: TRIPLE RED ALERT!!! HOUSING MARKET IN TOTAL MELTDOWN!! PIN THIS!
How is this pin and not the other thread with the foreclosure map?

Is it the sirens?

LoL!
 Quoting: Anonymous Coward 1245330


It's the dots...Being colorblind they all look the same to me.
Poor people do poor people things, and rich people do rich people things.

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

when you rob Paul to give to Peter ... ... ... you will always get Peters support!

:Brieffromnativea:





GLP