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Originally posted by karen61057
reply to post by TheUniverse
So with an average home price of about $300,000. 4 million homes would total about 12 million.
Hmmm Not exactly an amount that would break a bank. ( or collapse an ecomomy)
Originally posted by AuntB
reply to post by unityemissions
It is not a wild rumor that the gun shop owner was telling. He is telling the truth. Speak to an assessor or mortgage company. It is the truth. There are many living in foreclosed houses that have yet to be removed. Also, there are houses that are available for short sale. I am not fluent on this but as I understand, you make an offer, if it is accepted (by the bank) you get the house and the banks get reimbursed for some of their loss from the gov't. The banks are flooded and the time to process foreclosure takes so long, of course the people stay.
I saw a news report this spring about a sheriff who foreclosed on an apartment building. The owner was collecting rent but not paying the mortgage. The sheriff refused to throw the tenants out because he has compassion.
Originally posted by karen61057
reply to post by TheUniverse
So with an average home price of about $300,000. 4 million homes would total about 12 million.
Hmmm Not exactly an amount that would break a bank. ( or collapse an ecomomy)
Originally posted by SunnyDee
Originally posted by karen61057
reply to post by TheUniverse
So with an average home price of about $300,000. 4 million homes would total about 12 million.
Hmmm Not exactly an amount that would break a bank. ( or collapse an ecomomy)
,
I think your math is wrong:
4 million x 300,000 = 1,200,000,000,000
Isn't that 1.2 trillion?
Originally posted by SunnyDee
Originally posted by karen61057
reply to post by TheUniverse
So with an average home price of about $300,000. 4 million homes would total about 12 million.
Hmmm Not exactly an amount that would break a bank. ( or collapse an ecomomy)
,
I think your math is wrong:
4 million x 300,000 = 1,200,000,000,000
Isn't that 1.2 trillion?
Originally posted by cloaked4u
russia jailed and took away huge sums of money from the ELITES there, i wish we would too. They are a menace to society, a cockroach a leech sucking you all dry. FOR WHAT. It is about time our gov't take back what is OURS.
Originally posted by 2012srb
Originally posted by cloaked4u
russia jailed and took away huge sums of money from the ELITES there, i wish we would too. They are a menace to society, a cockroach a leech sucking you all dry. FOR WHAT. It is about time our gov't take back what is OURS.
WE are the government.
Originally posted by cloaked4u
when they took that out of the equation to fix the bubble a collapse occurred, no meltdown. Now they want to raise the ceiling to fix the bubble again to put a bandaid on the huge hole in the leak. I fear this will only buy little time. An imminant of total collapse within. Like russia said, A fire will not be shot, america will crumble within.
Originally posted by camaro68ss
There is so much going on right now. I don’t see any solution other than a utter collapse of the global markets.
Scary times we live in
edit on 13-7-2011 by camaro68ss because: (no reason given)