Quote:
Originally Posted by Tribesman
So why not think about this issue .
If the banks/government bailed banks follow the policy of eviction what does the resulting flood of siezed properties onto the market do to your already devalued asset ?
Does it by any chance make it devalue further 
You need to relearn your lifes lessons.
Property is never really secure, if you want a fairly reasonable guarantee of a positive return then you don't buy on a mortgage and you don't buy when property is on the up. |
Property is never really secure? Maybe where your from but in the past it was the securist investment one could make. This cannot be argued.
Lets look at the whole picture and how we ended up in this debacle in the first place. The answer is simple, pepole were given loans whom could not afford them. When they defaulted on the loans the houses went back on the market starting the whole cycle again untill you get what we have now.
I bought my property on what appeard to be a 'down' I got a good deal all it needed was a little sweat equity. So far Ive lost neary 50,000.00 on the investment. Never before has the real estate industry been a 'bad' investment. I had never even heard of Obama or his policys.
I dont think anyone whom 'invested wisely' foresaw the out of control spending intervention and outright wrecklessness of the currrent administration.
Stimulus not working as planned? Im beginning to wonder if it may be working exactly as planned after all whom do the "victums" turn to first?