“The main discrepancy between these scandals and enron is size. THe wealth that will go down the tubes this time is thousands of times greater. EVery singleinvestor, homeowner, and direction in the world will feel the shock. HOme buying could dry up because borrowers can’t get patronage. ANd anyway, who wants to buy a house that’s losing value?WAit six months and you can get it cheaper,people will figure. ” those of us who were in the real property and accommodate market in the jimmy carter years know what that’s like. THose of you who weren’t around then have a big jolt in store. ANd this one will make those years look like a picnic. “The falling spiral won’t stop once people stop christian that land always goes up. “Americans owe $7 million on their homes twice as much as 10 years ago. BUt our incomes our ability to pay have gone up by a part of that amount. “It’s painfully clear a lot of that $7 million will never be paid back. ANd the biggest lenders on the planet are going down. ” as for me, i’m dusting off my books on making money in thrifty panics. MY advice: get out of the stock exchange, sell your realty and convert at least 25% of your cash to non numismatic gold coins see . ALso, get to know every bank reo officer in your town. REo means “property owned. ” these are the folks who dispose of tills the banks get in foreclosures. LEt them know you are an capitalist involved in buying land at the right price. BUt don’t buy any now. WAit until the banks are awash in foreclosed acres. JUst make sure all the reo managers know how to reach you then. FRom papersourceonline. COmposted by chuckalso visit creditrepairdude. COm and the debt resolution blog do service treaties make good shopper credit sense?MAny times, the service contracts or expanded securities are pure profit for the store or architect. THey prey on our fears at a defenceless time but don’t ever pay off.
YOu will have nearly 60 days from the date of the letter to request a free copy of your credit report from the agency listed. 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