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U.S. Home Price Drop Means $4 Trillion in Lost Capital

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posted on Jun, 11 2008 @ 09:10 PM
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U.S. Home Price Drop Means $4 Trillion in Lost Capital


biz.yahoo.com

NEW YORK (Reuters) - No one knows when the credit crisis will end.

But when it does, U.S home prices may have lost a third of their value, high-yield bond valuations will hit levels close to those seen during the last recession, and what may amount to $1 trillion of Wall Street losses may translate into almost $4 trillion of lost access to capital.

That's the view of top credit analysts, who say a U.S. housing decline, sparked last year by subprime mortgage debt defaults, will likely last another two years as a wider group of consumers, including prime borrowers, feel the pinch from a tightening of credit.

(visit the link for the full news article)



[edit on 11-6-2008 by DimensionalDetective]




posted on Jun, 11 2008 @ 09:10 PM
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But don't despair, there's good news in all of this!

The good news is that all of the criminal lending companies have all been bailed out by the fraudulent fed, and they will continue living it up at all the little people's expense!

And the other good news is that the central bankers / Bilderberg Elitists, and foreign investors can now buy dirt cheap foreclosed properties with FOREIGN currency, since its worth twice as much as the near-destroyed dollar!

So see? Not all doom and gloom! Be happy! lol



Moreover, home prices may fall as much as 30 percent from their peak in 2006 and not hit bottom until 2010, with greater drops still in subprime mortgage debt markets, he told Reuters.

"The housing correction is in a down phase," Acciavatti said during a high-yield bond conference in New York. "We're now going through a phase of deleveraging and the pulling out of easy money."




biz.yahoo.com
(visit the link for the full news article)



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