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Thread: Home price drops exceed Great Depression: Zillow

  1. #231
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    Re: Home price drops exceed Great Depression: Zillow

    Quote Originally Posted by Zyroh View Post
    well with the fed now leveraged at a multiple of 81x, we'll soon see how much of a mistake this was.
    I don't know if it's precisely '81X', BUT, when you put a dollar in the bank that allows the bank to create loans of between 8 and 10x that dollar (depending on the country). Then, you add in factors like 'short selling' and that might add an extra 40-50x the actual hard values of investments... THEN, you add in derivatives on virtually all investments...

    I don't know if 81 times is accurate... it might be somewhat conservative of an estimate though, the reality is that the sky is the limit since there is no longer a law protecting the US from corporate created ponzi schemes. Oh, and when these ponzi schemes collapse, guess how gets to bail out the crooks??? WE DO!!!!

    (people laugh when i say it, but i say it so you'll be amazed when it happens. get ready for $20 can of corn.)
    I've said it many times now, the federal reserve has decided to follow the zimbabwean school of economics.... that's where you print money to cover your debts until a 10 trillion dollar bill MIGHT buy a beer and a bowl of soup at a restaurant.

    "That can't happen here"... well, it's ALREADY HAPPENING. Honestly, find out what a jug of milk and a loaf of bread costs today, compare that to ... well, even last year this time. THe problem is that the majority of americans are still asleep at the wheel and won't see it coming until it hits them like a ton of bricks.

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    Re: Home price drops exceed Great Depression: Zillow

    Almost eleven percent of American homes are empty: News Headlines

  3. #233
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    Re: Home price drops exceed Great Depression: Zillow

    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Home price drops exceed Great Depression: Zillow


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    Re: Home price drops exceed Great Depression: Zillow


  6. #236
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    Re: Home price drops exceed Great Depression: Zillow

    Quote Originally Posted by Albert Di Salvo View Post
    Almost eleven percent of American homes are empty: News Headlines

    Depends on who you believe and for what reason. Another source said foreclosures during the thirties was over 80 percent.

    Not surprising because there was no FDIC, or any other kind of protection, Social Security had yet to mature, and there were no pension plans.

    ricksfolly

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