Comments on: The Underbelly of the Failing Real Estate Economy http://www.biggerpockets.com/renewsblog/2008/06/27/the-underbelly-of-the-failing-real-estate-economy/ Learn, Network, Invest Sun, 12 Feb 2012 02:59:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tom Koziolhttp://www.biggerpockets.com/renewsblog/2008/06/27/the-underbelly-of-the-failing-real-estate-economy/#comment-57943 Tom Koziol Sun, 29 Jun 2008 17:23:05 +0000 http://www.biggerpockets.com/renewsblog/?p=1068#comment-57943 Let me toss some more "underbelly" into the pot. If you know anything at all about the federal reserve and imf you know they are shell corporations. However, the governments of the world act like they are real and give them wide latitude to say the least.Go to: http://www.spiegel.de/international/world/0,1518,562291,00.html and read the article. Undermining confidence in a country's currency is one of those unspoken parts of the underbelly. Ask the CIA. Let me toss some more “underbelly” into the pot. If you know anything at all about the federal reserve and imf you know they are shell corporations. However, the governments of the world act like they are real and give them wide latitude to say the least.

Go to: http://www.spiegel.de/international/world/0,1518,562291,00.html and read the article. Undermining confidence in a country’s currency is one of those unspoken parts of the underbelly. Ask the CIA.

]]> By: First Time home buyerhttp://www.biggerpockets.com/renewsblog/2008/06/27/the-underbelly-of-the-failing-real-estate-economy/#comment-57937 First Time home buyer Sun, 29 Jun 2008 15:16:31 +0000 http://www.biggerpockets.com/renewsblog/?p=1068#comment-57937 The decrease in sells and the increase in property is a huge fraction on what the economy is facing. As long as we are going to contiune in the way that we are then things will contiune to get worse. Real estate is going to suffer as well as people's jobs, stores, bills, debt. You name it and we are going to experiance it until some one stands up and says okay this is enough lets find a way to fix it. Sorry. Great post you are right all the way around. First time home buyer The decrease in sells and the increase in property is a huge fraction on what the economy is facing. As long as we are going to contiune in the way that we are then things will contiune to get worse. Real estate is going to suffer as well as people’s jobs, stores, bills, debt. You name it and we are going to experiance it until some one stands up and says okay this is enough lets find a way to fix it. Sorry. Great post you are right all the way around.
First time home buyer

]]> By: Tom Koziolhttp://www.biggerpockets.com/renewsblog/2008/06/27/the-underbelly-of-the-failing-real-estate-economy/#comment-57888 Tom Koziol Sat, 28 Jun 2008 14:37:57 +0000 http://www.biggerpockets.com/renewsblog/?p=1068#comment-57888 I guess if one considers only the foreclosures it is a small underbelly. Unless of course if you are one of those foreclosed.The underbelly of any problem is never the problem itself. It is the "stuff" we usually don't attach to the problem. Stuff like employment, gas prices, phony economic stimulus programs, sit back and wait mindsets (no mater how induced), etc.I guess if the total market problem was only 2/10ths of one percent, I wouldn't have real estate agents and lenders (they are insurance clients) telling me how tough the market is at the moment. Again, I can only speak for my county.Other than that, how'd you like the play Mrs. Lincoln? I guess if one considers only the foreclosures it is a small underbelly. Unless of course if you are one of those foreclosed.

The underbelly of any problem is never the problem itself. It is the “stuff” we usually don’t attach to the problem. Stuff like employment, gas prices, phony economic stimulus programs, sit back and wait mindsets (no mater how induced), etc.

I guess if the total market problem was only 2/10ths of one percent, I wouldn’t have real estate agents and lenders (they are insurance clients) telling me how tough the market is at the moment. Again, I can only speak for my county.

Other than that, how’d you like the play Mrs. Lincoln?

]]> By: Jim Leehttp://www.biggerpockets.com/renewsblog/2008/06/27/the-underbelly-of-the-failing-real-estate-economy/#comment-57887 Jim Lee Sat, 28 Jun 2008 14:18:50 +0000 http://www.biggerpockets.com/renewsblog/?p=1068#comment-57887 It must be a pretty small underbelly. Only about .02% (that's 2/10ths) of 1% of American are being foreclosed on currently. It must be a pretty small underbelly.

Only about .02% (that’s 2/10ths) of 1% of American are being foreclosed on currently.

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