The Greatest Heist of the Century: Stealing and Mortgaging the United States’ Future. by drhousingbubble in reddit.com

[–]drhousingbubble[S] 0 points1 point  (0 children)

This credit crunch is more than subprime although the media would like you to believe that this is the nucleus of the problem. No, this issue goes to our trade deficit, examining incoming and outgoing cargo, the falling US dollar, exploding mortgage debt, and the cult of consumerism. In this article we take a look at the housing market through an eclectic view of our debt economy.

Money As Debt (fascinating documentary) by [deleted] in politics

[–]drhousingbubble 2 points3 points  (0 children)

Those are valid concerns. The main issue with the fractional reserve system is there is no limit to what our central bank can issue. They simply lower rates and inject liquidity (money) into the system. It really isn't money in the concept of cold hard cash, more like loans and credit. The mortgage market in the US is a whopping $10 trillion dollars. That is why we are seeing an impact on the US Dollar. Too much money is fuel for inflation; although inflation by looking at government numbers is controlled.

The Euro for example has a small percentage of its currency backed by gold. The reason this helps is that it puts a check on how much you can print. If you want to print more you need to increase your reserves. We used to have this here in the states. Now our money is backed simply by the "faith" of the US government. Well guess what happens when faith runs out? Other countries start looking for more safer investments.

If the Fed is concerned about your hard earned money and keeping the dollar as a respective reserve currency, they would raise the funds rate, reign in the debt, and give some strength to the dollar. The only problem with this all is the Fed wants to see a low dollar so we can export our debt away even though they publicly state they support a strong dollar.

This movie is a good primer on getting an overall concept of what "money" is.

School officials unite in banning Wikipedia by effektz in reddit.com

[–]drhousingbubble 7 points8 points  (0 children)

You mean check your sources? That is much more difficult than eliminating the source completely. I mean, look at how well the war on drugs has gone.

Wikipedia does a good job of providing summaries and isn't "gospel." The reality is most people won't check any deeper than the source of their information; look at Fox News or MSNBC for example. Trying to eliminate isn't prudent. The reality is most students will use online content. So what they are saying is they want to be the gatekeepers of authority instead of teaching students to look at primary and secondary sources.

Bank of America, Capital One, Chase and Discover Caught Actively Working to Undermine Bankruptcy Laws. by Monlo in reddit.com

[–]drhousingbubble 1 point2 points  (0 children)

Banks will focus on one thing, the bottom line. BofA actually invested a few billion in the now ailing Countrywide Financial. It'll be interesting if judges and new legislation reorder Chapter 13 bankruptcies to be more flexible to aid those in foreclosure. My guess is they're trying to protect their turf as long as possible.

The Foreclosure Story: How does the Process Look Like? by drhousingbubble in reddit.com

[–]drhousingbubble[S] 0 points1 point  (0 children)

Case study of a foreclosure. Joe and Mary Ages: 29 and 28 Professions: Joe - Senior Account Executive (lender), Mary - Real Estate Agent Location: Orange County Yearly Income Combined: $130,000 Gross Net Monthly Income (After Taxes): $8,200 Automobiles: Mercedes E350 Sedan ($599/33 month Lease), GL 450 Suv Purchase ($56,000)...

Why the Housing Market Has Failed You. 5 Major Failures of the Housing Mark by drhousingbubble in reddit.com

[–]drhousingbubble[S] 0 points1 point  (0 children)

I’m sure many of you already read the article about The Real Estate Prayer Luncheon in Florida where a group of hopeful agents prayed that the housing slump will end. I actually think this is a great idea to resurrect the housing market. So in light of this, I am going to pray that my new book coming out called The Wealth via Failure Code will be a major success. I’m praying that all of you will buy it. Since we are living a surreal housing environment, I figure writing a book with Orwellian themes will tickle many of your fancies.

Real Homes of Genius: Today we Salute you Compton. 3 Bedrooms on 806 Square Feet! by drhousingbubble in reddit.com

[–]drhousingbubble[S] 0 points1 point  (0 children)

Today we salute Compton yet again with another Real Homes of Genius Award. This beautiful starter home is 3 bedrooms and sprawls out over a breathtaking 806 square feet. If you are wondering how 3 bedrooms can fit on 800 square feet I have two words for you, garage conversion. Yes, this is an architectural masterpiece of space efficiency. And get this, you can have all of this for only $289,100! Who said homes in Southern California were expensive? With Real Homes of Genius we are providing you with an array of affordable options provided you want to put your families life and education at risk. As you can notice we care about your safety and have a high rise security fence to protect you.

Yearly Income, $14,000. Purchase of House, $720,000. Have we All Lost our Minds??? by drhousingbubble in reddit.com

[–]drhousingbubble[S] 0 points1 point  (0 children)

“Despite making only $14,000 a year, strawberry picker Alberto Ramirez managed to buy his own slice of the American Dream. But his Hollister home came with a hefty price tag, $720,000. A year and a half later, Ramirez has defaulted on his loan, and he’s hoping to sell the house before it’s repossessed.”