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Are YOU Ready for Record Foreclosures, Record Bankruptcies A Disaster with Fannie Mae and Freddie Mac Average Home Prices Plummet by 30% Homes in ?hot spots? Collapse by Over 50% A Continued Bear Market -
The recovery efforts since 2003 have been created by the illusion of debt rather than by job and wage growth. Record low interest rates and disappointment of the stock market has helped swell what is arguably the largest real estate bubble in the history of America, which is ready to collapse, and it will affect everyone. This book shows you ten ways you can profit or avoid losing money from the collapse of this bubble. Although this bubble began in the 1990s, it really took off once Greenspan lowered rates to 43-year lows, which encouraged even more Americans who had it with the scandals on Wall Street and corporate America. In the process of trying to stimulate consumer spending, Greenspan?s flood of money into the banking system caused Americans to transfer their cash from the stock bubble into the real estate bubble. Throughout this ?recovery,? Americans continue to mount record debt, using their homes as ATM machines and maxing out their credit cards. But the end is near for the real estate bubble. Already, short-term rates have increased by 400 basis points in less than two years, and because one-third of all American household debt is tied to variable rate loans of some kind, something has got to give?namely a large portion of the estimated $9 trillion of residential mortgage debt outstanding. With over 10 million adjustable-rate mortgages in America, many are starting feeling the heat, with some monthly mortgage payments 40% higher. But it?s only going to get worse and record foreclosures will occur soon. By the time it?s finished, the re...
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