FREEDOM ~ LIBERTY ~ LOVE OF LIFE~
FREE MAN~
WE THE PEOPLE!
FREEDOM & LIBERTY is for EVERYONE!!!. . . . .
Folks from all over the world have accessed this site. The desire to be free of the shackles of fascism, socialism, communism and progressivism are universal. Folks just want to live their lives and be left alone... Dammit!
"People don't like to be meddled with. We tell them what to do, what to think. Don't run. Don't walk. We're in their homes, and in their heads, and we haven't the right. We're meddlesome." River Tam referring to the government.
Not Politically Correct. . .
"Be not intimidated... nor suffer yourselves to be wheedled out of your liberties by any pretense of politeness, delicacy, or decency. These, as they are often used, are but three different names for hypocrisy, chicanery and cowardice." - John Adams
Abraham Lincoln
To quote Jack Donovan’s Violence is Golden: ‘Without action, words are just words. Without violence, laws are just words. Violence isn’t the only answer, but it is the final answer.’
In a world gone mad we are the villains. We wield the truth and the light. In the end we will only be answerable to ourselves and our God. If we win then we inherit the earth, if we lose we get to Heaven.
Sunday, December 20, 2009
Prices continue to drop as inventory continues to increase.
REAL ESTATE
More homes are poised to hit the market
A 'shadow' inventory of properties close to foreclosure or seized but not yet for sale has been growing.
A supply of 1.7 million homes headed for sale because of foreclosure or delinquency looms over the nation's housing market, which could dampen progress toward recovery.
"Our forecast is that [home] prices will drop," Khater said. "We are basically expecting that the program will continue to proceed as it has in the recent past. There might be a slight improvement, but it is a drop in the bucket relative to the size of the pipeline of default that is coming up."
When the Feds stop throwing printed money at the banks, and allowing legal accounting fraud to sweep this under the rug, the banks will dump these houses and the market will equalize. The sooner the better.
This means another 50% drop in SoCal home prices, until they stabilize closer to the long term (400 years in London & Amsterdam) average of about 3X household income.
As our government has fiddled our financial system has burned. It has not been stabilized by the actions of The Fed and Treasury; rather, it has been made more dangerous and less stable while those who committed evil and knowingly-unsound acts have been allowed to further asset-strip Americans and enrich themselves.
But irrespective of what people - including Congress, The Administration or even Wall Street want, the math simply can't be argued with.
Beware and be prepared America.
