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Prediction: 60% to 70% of all current mortgages will default!
2010 May 16, 5:16am 2,059 views 11 comments
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This is the boldest, and most pessimistic estimate I've heard about the US mortgage market.
On Friday, May 14, 2010, on the Alex Jones show, Bob Chapman of the international Forecaster predicted that this year, we will have 7 Million homeowners default, and that we will have numbers like that for the next two to three years.
In the end, 60 to 70% of all current mortgages will default!
If this happens, who will be left standing?
The best I can do is provide a link to infowars: www.infowars.com, scroll down on the right side, and click on the youtube video that shows Bob Chapman on 05-14-2010 (I tried to get the YouTube Link, but no joy).
Enjoy! :)
#housing