http://realideal.com/forum/ Portal J Repository » Topic: 11 Startling Forecasts for 2010 en Sun, 05 Sep 2010 09:19:26 +0000 http://realideal.com/forum/topic/184#post-273 Fri, 01 Jan 2010 23:45:13 +0000 admin 273@http://realideal.com/forum/ <center><font face=Arial color=#000000 size=3><br /> Just when you thought things were turning the corner...<br /> looks like we could be in for a double dip recession.</font></center><br /> <br /> Here's why:<br /> <br /> #1 While the subprime crisis may be showing signs of<br /> stabilizing, the ARM crisis is just beginning to rear<br /> its ugly head.<br /> <br /> According to one business journalist:<br /> <br /> "The big wave of Option ARM resets has yet to come,<br /> and given the drop in home prices, refinancing won't<br /> be realistic."<br /> <br /> <br /> #2. Municipal Defaults: yep, local towns and counties<br /> are feeling the pinch with foreclosures and tax<br /> defaults draining their coffers. And when a town<br /> goes broke, it will put their resident's property<br /> even further underwater.<br /> <br /> <br /> #3. Commercial Real-Estate Collapse: The second<br /> largest chain of malls has already declared<br /> bankruptcy. Obligations needing refinancing<br /> in the commercial market are in the trillions.<br /> And most of them, even with positive cash flows,<br /> are as underwater as residential mortgages. As<br /> these businesses crash, they will cause even<br /> more unemployment.<br /> <br /> <br /> #4. Loan modifications aren't working. Unless<br /> and until there is meaningful principal reduction,<br /> most people getting a loan modification will stop<br /> making their payments if they are $100,000+<br /> upside down on their home. And there are A LOT<br /> of people upside down. There will be lots of "jingle<br /> mail," where the homeowner just sends back the<br /> keys to the bank, this year. http://realideal.com/forum/topic/184#post-233 Sun, 06 Dec 2009 09:08:05 +0000 admin 233@http://realideal.com/forum/ <center><object classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" width="437" height="349" id="viddler_1b0bdca9"><param name="movie" value="http://www.viddler.com/simple/1b0bdca9/" /><param name="allowScriptAccess" value="always" /><param name="allowFullScreen" value="true" /><embed src="http://www.viddler.com/simple/1b0bdca9/" width="437" height="349" type="application/x-shockwave-flash" allowScriptAccess="always" allowFullScreen="true" name="viddler_1b0bdca9"></embed></object><img src="http://deducer.googlepages.com/clickabove.jpg"/></center>