Feb 2nd 2010 12:22PM Most economists are on the Fed Reserve's payroll. Yet, they are 99% wrong on their predictions, eventually. Homeownership is a misnomer. You don't own it until you have paid 2 1/2 times what you paid for it. I will never buy a home and will always rent. The mess we are in will take 30 years to dig out of, if we ever do. A $1.6 Trillion dollar deficit this year alone. Get ready for some real changes in the next 2 years! The only free people will be those that do not own a home. Otherwise, you are in prison by the Central Bank (private Federal Reserve), in other words, your mortgage company. Never again. Free at last, free at last. No more a slave to the Fed.
Jan 8th 2010 11:50AM Another easier and less costly way? Filing bankruptcy. It will be 10 years before we are out of this mess anyway. Give yourself an immediate raise.
Dec 1st 2009 10:47AM Too big to fail! LOL
Nov 24th 2009 1:42PM I haven't made a mortgage payment in 18 months. Don't plan on ever making a mortgage payment on this house. The bank can't prove they funded the mortgage with real money. It was paid with fiat currency or money created out of thin air. No consideration, no have to pay. Will live for FREE for many, many years. At the 3 year mark, will have downpayment back and then it does not matter!
Nov 15th 2009 10:10AM To the partisans who still don't get it. We have been a two-headed one party snake for over 40 years. Once they get into office, the party distinction disappears. They do their bidding for their master, the private, for profit Federal Reserve international banking cartel. Do your research before pledging your allegiance to your party. There is no republican or democrat, only the Federal Reserve, which is about as federal as Federal Express. America has been so dumbed down.
Nov 14th 2009 1:42PM This really says it. Homes, for the most part, are a terrible investment. Add the doubling price effect of interest, then insurance, taxes, maintenance etc., you will be broke. Rarely, does anyone ever pay them off. Anybody buying a house today is a complete idiot.
Nov 9th 2009 1:01PM Furthermore, a recent article stated 17.5 million mortgages are underwater. This is about 35% of all outstanding mortgages and that in one more year could reach 25 million mortgages or about 50% of all outstanding mortgages and then will go higher. Fannie Mae and Freddie Mac are now renting back homes to the foreclosed on. So, those numbers won't count. Quite clever! You would be a fool to purchase anything right now.
Nov 9th 2009 11:03AM I don't think God ever intended for a Corporation to do God's work by separating the Rich from the Poor. 99% of planets wealth owned by top Rich 1%. Think this guy has it backwards.
Nov 9th 2009 10:28AM Your article is premature. We haven't seen anything yet. Commerical is imploding now. Banks are holding onto 700,000 properties they can't dump. 1st quarter next year is when the US will implode.
Oct 30th 2009 4:09PM This is what the private Federal Reserve has relied on for decades, stupid and uneducated people like GBROB. Bet you are a sports fenantic, internet game player or are glued to your TV. Has to be one of the 3, right? Perhaps all 3. Suggestion, before you make such uninformed comments, how about reading a little more.