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

Well said, and for it to right itself, in this supply and demand type economy, the rats at the top need collapse first, otherwise the same policies and multinationals will keep running over everyone in their entitled greed and power trips.

the banksters in davo's are having a great time spending our trillions they borrowed from the fed which needs to be paid back by us eventually. All is well in banksters land.

no the final straw that will break the camels back is the commerical real estate market because there is billions and billions of dollars and when that hammer drops THAT will be it.

No it's the vile socialist agenda..So called 'fair housing laws' and forced loans that went with them...
special entitlements for immigrants and minority's ..
won't even start in about the millions of mini poncy scams that pretty much the whole system has been build on..

NO NOT TRUE for all foreclosures!!!

Wake up...

What is going on now, is commercial loans are being called due. Many commercial loans are balloon notes, usually 3, 5 or 7 years. Lenders are NOT refinancing many of these. A person with PERFECT credit, money in the bank are being turned down. WIth the lender saying give us 5 million to pay off this loan. You can pay perfectly for the past 5 years, never late, and they don't care, they won't refinance and want their money now, or threaten with foreclosure.

Commercial loans are the next big wave of foreclosures, and it is gonna be a BIG number.

Yea that does suck.But its only if you sell or when you sell.One thing you can count on is rent going up as he landlords pass the loss on to the renters

You are correct...they can never be discharged. So they will follow the student for the rest of his/her life. If the payments aren't made, the tax return is taken. If the payments aren't made, there's NO federal grants/monies/programs/etc. available to the defaulting student. Nada. The defaulting student is STUCK until the studen loan is paid off.

Well Lion, then you're just making an ass of u & me!

I think that when you say "eventually" you really mean NEVER! LOL!!!

Well, it is indeed about time now for the STHTF with these damn commercial loans!!!

I've seen many commercial landlords seating on mostly empty buildings for over 10 years now and still "valuing" them at top dollar! I am truly amazed that the damn banks allow this to happen, but then again, the banks must know that if they devalue commercial Real Estate they might as well close down their doors also!!!

True, but that will also create additional problems as renting turnover escalates! More and more "annoyed" older renters will trash their places as they move out and the landlords will have to pay even more to fix and upgrade things to attract the new renters at an higher price...

Look, you cannot squeeze water from dry rock, so to speak!!!

In Las Vegas, the worst of the worst, the builders and realtors have dropped prices of houses in half from 4 years ago. So today you can buy what was $250,000 for $125,000.

So people are short selling their old $250,000 houses, and buying a new house for $125,000. And lo and behold, they are STILL going into foreclosure. I see this market going totally fubar in a few more months.