NATIONWIDE REAL ESTATE COLLAPSE - POLL

Bird Dogs, Wholesaling
1

I think this will be the BEST opportunity in real estate EVER… It’s going to be really sad with all these folks (thousands of them) get BAD CREDIT for foreclosures and have no life savings and their pensions wiped out by the hedge funds… As my cousin always said," The numbers dont work" (do some of these folks do the math) These folks will need to restary anew & rent… Landlording (section 8/low income neighborhoods - cash flow bonanzas) will be the best bet in the coming years…Also real estate will fall to 1998 levels in the next 5-7 years in select markets…but prices nationwide will be down 30%… Just my 2 cents

P.s. not a lawyer or finance advisor… but prison stocks were great the last 10 years—phenomenal (hehe)…check the graphs on google and be blown away… with more forclosures u will have problem folks (drugs, booze etc) and dont forget problem illegal aliens,lots of crime coming too

2

Some folks cannot even do the simplest math. They can’t add or subtract, all they can do is ‘multiply’ (if you catch my drift…).

I’m always alarmed at the folks that buy products (like mortgages) that they don’t understand and then are caught off-guard when their rates ‘adjust’ but their take-home pay doesn’t. They’re taking mortages that can adjust 2, 3, 4, 5 points a year but their pay is not rising or it’s rising 1-2%…if the budget is already tight, they’re gonna go down. Added to this are the facts that insurance and taxes aren’t going to drop, they’re already living larger than their means, they’re over-leveraged (100-110% or more of the value), and in a lot of cases, the appreciation is not happening.

Keith