Loans Answers

the real estate market is rigged

Question: Everywhere I go now, land prices and therefore home prices have risen by huge amounts across the board. Even cheap homes are fast becoming unaffordable to anyone who isn’t willing to accept indentured servitude to the banking system. Yet I read everywhere that people actually are accepting these terrible prices even though they can barely afford them with two incomes. Yet when I speak to real estate agents I learn that the agents themselves are snatching up the best deals and seeing their investments go up in price. It should be illegal for them to buy properties since it pushes up prices and that’s a conflict of interest, but they do it everywhere. Speculation has resulted in prices that are insanely high everywhere. The number of homeless people is increasing all the time. The system is clearly not sustainable and will lead perhaps even to civil war or an armed class war when regular folks find themselves unable to pay and made homeless themselves with their children. The USA is driving itself toward a brick wall, destroying its most precious resource– its people–and ruining the chances of future generations, all in the name of greed.

Answer: More like “all in the name of Greedspan” who is the identified swindler who has been encouraging (1) “home equity lines of credit” to assure that there is no actual equity remaining but only an ever increasing debt load; (2) ludicrous low interest rates which make it “appear” that people can afford to pay ludicrous high prices for property which in reality they can’t afford; (3) in the process stealing not only the incomes but also the principal of elderly prudent savers with those negative real returns radically below the rate of inflation; and (4) de facto bankruptcy of the vast majority of the lending institutions so that they are compelled to engage in unsound lending and fraudulent manipulation of real estate prices, via such means as looting and gutting all of the equity out of those lenders via “stock buybacks” at absurd multiples of net tangible equity even when any remained. The USA is not “driving itself toward a brick wall”. It is being *driven* by his British Lordship the criminal mastermind Greedspan, for the purpose of bankrupting America, a plan that he has been aggressively pursuing ever since he was appointed by Raygun/Bush back in 1987. Theft of stockholders equity via those fraudulent transfers euphemized as “stock buybacks” have already de facto bankrupted nearing three hundred major American companies. That set of criminal thefts began promptly in 1987. Theft of the meager savings of an entire generation in the Internet Mania swindles via Greedspan’s refusal to increase *margin* rates against the criminal manipulators who produced that bubble was another major piece of his Plan to Bankrupt America. Theft of the incomes of prudent savers and investors, many dependent on realistic interest incomes for survival, has already forced many out into a “jobs market” which doesn’t exist particularly for those of retirement age. Last but not least, the current creation of a bubble market in real estate, compounded by the zero margin lending via “home equity loans” threatens not only homelessness but the final collapse of the American economy as all of those de facto bankrupts wind up having to file the actual papers “at whim”. We were wrong to think that we got rid of the criminal Brits with our Declaration of Independence, Battle of New Orleans, and so forth. They’re still at it via his British Lordship the criminal mastermind Greedspan.

Related Posts

• Need Info on Financial Liability after Foreclosure
• 100% financing of home?
• Real estate deal on TV
• Frugal Land Financing
• Will I be able to get an apt?
• real estate law advice needed
• pursue this dream
• Living Advice
• Why No Home Equity Loans In Texas?
• Mortgage loan needed..
• Pay off 15.9% CC with 12.9% loan – worth it?
• Advice Needed

Filed under: Home Equity Loan