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2   Patrick   ignore (0)   2018 Mar 29, 2:53pm   ↑ like (0)   ↓ dislike (0)   quote        

Despite tough banking rules put in place after last decade's housing crash, the mortgage market again faces the risk of a meltdown that could endanger the U.S. economy, warn two Berkeley Haas professors in a paper co-authored by Federal Reserve economists. The threat reflects a boom in nonbank mortgage companies, a category of independent lenders that are more lightly regulated and more financially fragile than banks—and which now originate half of all US home mortgages.

"If these firms go out of business, the mortgage market shuts down, and that has dire Implications for the overall health of the economy," says Richard Stanton, professor of finance and Kingsford Capital Management Chair in Business at Haas.
3   APOCALYPSEFUCKisShostikovitch   ignore (28)   2018 Mar 29, 3:15pm   ↑ like (2)   ↓ dislike (0)   quote        

The BELT!-FED! age looms before us!

Housing back to 1974 prices.

M134 roaring on every corner, and out of every window!

Drunk, stoned starving REALTORS cruising around in stolen self-navigating cars shooting out the windows of abandoned hulks!

LONG: Yams and ammo
4   tovarichpeter   ignore (2)   2018 Mar 29, 6:55pm   ↑ like (2)   ↓ dislike (0)   quote        

My brother, who spent 45 years with HUD, thought Patrick’s book The Housing Trap, was brilliant.
5   BayArea   ignore (0)   2018 Mar 29, 8:32pm   ↑ like (3)   ↓ dislike (0)   quote        

tovarichpeter says
My brother, who spent 45 years with HUD, thought Patrick’s book The Housing Trap, was brilliant.


Patrick's book was awesome. I wish it existed sooner.

It's still the only book of it's kind, that I am aware of.
6   Patrick   ignore (0)   2018 Mar 29, 9:27pm   ↑ like (1)   ↓ dislike (0)   quote        

BayArea says
It's still the only book of it's kind, that I am aware of.


Thank you. I'm planning to rework it and upgrade it a bit.

Also bringing back the housing news links. I think that we may see more housing turbulence as long term rates (and therefore mortgage rates) finally start to rise again.
7   jvolstad   ignore (0)   2018 Mar 29, 9:39pm   ↑ like (0)   ↓ dislike (0)   quote        

APOCALYPSEFUCKisShostikovitch says
Drunk, stoned starving REALTORS cruising around in stolen self-navigating cars shooting out the windows of abandoned hulks!



I had a Realtor call on the phone this afternoon. He wanted to know if I would like to invest in some houses he was trying to flip. FU.K YOU Realtard!!!
8   JH   ignore (0)   2018 Mar 30, 8:21am   ↑ like (1)   ↓ dislike (0)   quote        

You don't need to rework your book. Just change the year. That's all this article is. Someone dug it up from 2006 and rewrote the date. The CA housing market repeats--again--and brings the rest of the country with it--again
9   Patrick   ignore (0)   2018 Mar 30, 12:33pm   ↑ like (0)   ↓ dislike (0)   quote        

True. It really is amazing how everything repeats. The older I get, the more I see the cycles.




The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
115 pages, $12.50

Kindle version available


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