Who owns your home?

[herosrest]

Well - Who owns your home? You have a loan or mortgage, right - but who owns the property?

Tell me please. Don't be shy.

[mireland]

well..my landloard owns my home...................err for now...

[herosrest]

- Does that mean he OWNS you?

[mireland]

- Does that mean he OWNS you?

[herosrest]

A tiny, 2-4% of the HOME property market was in trouble - the numbers look big until you realise that the 'entire' market is 50 to a hundred times bigger and was doing ok

The troubled property SECTOR is being revalued - BUT that 2% is taking the other 98% with it. That is a difference of magnitude that is going to demolish the US economy - NO ONE has realised what is actually happening. All mumbo Jumbo and short sighted we've got a banking problem, and home default problem.

Just wait until the one around the corner hatches. Property value looks to be down about 30% and still going - come on peeps... wakey wakey. THAT is several TRILLIONS of value vaporising every day. The implications are staggering and it is a cock up - only the repo homes were meant to devalue - they have taken everything with them!

Trillions of value everyday - vaporised for a stupid mistake.

[herosrest]

The quote below is a very simple - simplistic proposition - It is easily squashed by mumbo jumbo.
It remains how ever true.
The point of it all is scale.
More 'value' is being lost in a day from home equity than the entire Government recovery programme - which runs to several trillion.
More in a day. Major disaster ahead!

It is one of those little things taken for granted - prices go down, they'll recover.

You have to get your head around the size of it - once you realise - you understand immediately.
The truth of it, the proof is that stock markets are mirroring home equity and are in fact in advance of it because the software is predicting the devaluation. The software is screwed UP! and the thinking that produced it.

A tiny, 2-4% of the HOME property market was in trouble - the numbers look big until you realise that the 'entire' market is 50 to a hundred times bigger and was doing ok

The troubled property SECTOR is being revalued - BUT that 2% is taking the other 98% with it. That is a difference of magnitude that is going to demolish the US economy - NO ONE has realised what is actually happening. All mumbo Jumbo and short sighted we've got a banking problem, and home default problem.

Just wait until the one around the corner hatches. Property value looks to be down about 30% and still going - come on peeps... wakey wakey. THAT is several TRILLIONS of value vaporising every day. The implications are staggering and it is a cock up - only the repo homes were meant to devalue - they have taken everything with them!

Trillions of value everyday - vaporised for a stupid mistake.

[herosrest]

The theory underlying economic practise - is programmed in to the system and minds of those running it.
The theory is defended (Quite rightly , it is sound) - but its implementation is flawed and no one sees that - YET!
A burnt finger is being micro managed - when life is prepping a flame thrower around the corner.

[Shoreguy]

most condo's, condex's, etc., only give you a 99yr lease on the 'land'. oh...and most governments can deem land blighted or claim right of way and boot ya to the curb without flinching.

[herosrest]

THINKING THIS A PROBLEM THAT WILL RESOLVE OVER TIME
MEANS
YOU HAVEN'T UNDERSTOOD IT.
In my li'l rough calc (below) - 30% 0f 10,000 Trillion is 3,000 Trillion
Which can be viewed as......... (minus) - 8,219,178,082 per day. Asset depreciation.



In my li'l rough calc - 30% 0f 10,000 Trillion is 3,000 Trillion
Which can be viewed as......... (minus) - 8,219,178,082 per day. Asset depreciation.

[herosrest]

8.2 Trillion - per day!

Toast - anyone?

[herosrest]

IN THE ABOVE CALCULATION - UNITS ARE PROPERTY - BUILD IS THEIR PRICE.
THE DEVALUATION - 30% - IS GOING ON NOW.
YOUR REAL ESTATE MARKET IS SELF-DESTRUCTING.

WHY IS THAT? - WELL, SOMEONE PUSHED A .

BUTTON - click

[herosrest]

You're all I have in this teenage twilight
Your golden hair and pale blue eyes
But through all the days and the sleepless nights
We have never been satisfied

- Who's gonna own up?

Tumbling like the leaves
We are spiralling on the breeze
Almost to the point of no return
Everything will burn baby burn

Look into my tired eyes
See someone you don't recognise
Binds that can't be untied
Oh yeah, this is slow suicide
Feelings that I can't disguise
And never will be reconciled
Oh something inside has died

You walk like your in a daze
Unresponsive eyes in a distant gaze
Like all the good times have flown away
And their memory leaves a bitter taste

Tumbling Like the leaves
We are spiralling on the breeze
Destructive love is all we have
Destructive love is all I am

Look into my tired eyes
See someone you don't recognise
Binds that can't be untied
Oh yeah, this is slow suicide
Feelings that I can't disguise
And never will be reconciled
Oh something inside has died

Vicious bitter words
Becoming more and more cruel
But you always take me back
And let me lick your wounds

Tumbling like the leaves
We are spiralling on the breeze
Almost to the point of no return
Every thing will burn baby burn

Look into my tired eyes
See someone you don't recognise
Binds that can't be untied
Oh yeah this is slow suicide
Feelings that I can't disguise
We're living in a compromise
Oh something inside has died

[herosrest]

S0 s0rry - I am 'simply' CORRECT. AGAIN!

[herosrest]

Hey BD - ya Ducked this one.

Ducks' Dixon goes to Steelers in fifth round NFL pick.
The Pittsburgh Steelers drafted Oregon quarterback Dennis Dixon in the fifth round of this weekend's draft.

Dixon was a strong candidate for the Heisman Trophy until a torn ACL ended his season and clouded his draft prospects.

I hope that with song and prayer the 'U.S.A.'s' new quarterback can Duck 10 years of misery.
Way to go. Set.........

Good Luck America!

[herosrest]

VALUE, just like virtue, must be defended. It's 'the' rule of law as well as the jungle.