This video shows how we are looking at a second price decline in the housing markets across the U.S. (video located below)
This was inevitable. The housing crisis will get worse before getting better. The powers that be keep sticking their heads in the sand and suggesting that things are on the rebound. I disagree.
With the coming collapse of the commercial real estate markets, things are going to get ugly.
Watch the video for more info. 21% of borrowers have negative equity!
Note: There is a short commercial at the beginning, then the video starts.
Make sure to leave your comments.
Do you think we’re out of the woods yet?
Talk soon,
David Corbaley
{ 5 comments… read them below or add one }
David, I have been saying and perdicting the same thing. There isn’t any light on our real estate market as people or the news state. It is just a ploy to get people moving and not feel concerned. I see another good 3 years in this mess. And I believe we have not seen the worst of it yet. You may suggest short sales, but my goal is to figure out how to keep people in their homes and create debt free homes. This is my aim and I hope many will concentrate on this and come up with a solution. We are taking their homes and profiting. Let’s live in abundance to help these people.
I agree with you Sherrie, but sometimes it IS best for the homeowner to wash their hands of a burden they should never have had, and move on. We all want to see as many as possible stay in their homes. I lost my own home 9 years ago, I know the feeling! The problem is, many of today’s homeowners were put into homes that they should have never qualified for. This is one of the root causes of this whole mess. For people who are stressed to the max and overburdened by a home they can’t afford, I think it’s best that they sell, move on, and live within their means. By the way, after they remove that incredible stress from their life, they can live a happier, longer life
A short sale transaction is the perfect fit in these cases, and a win win for everyone.
This is the greatest opportunity for people with money to grow financially in next 5 years by investing in real estate now
You’re absolutely right, with one exception; There are methods to invest in real estate with none of your own money or credit! I’ve been doing it, and teaching it for years. Go through this blog and you’ll find lots of ideas.
I agree, it looks like it will take three more years to pull thru this market to be able to see above water again. I’m in the NC market and high end home are still dipping in price between 1-3% a month according to the area they are located in. Not only this, but commercial properties are perdicted to be taking a hard default hit for the next three years also.